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Richard Gere, the 75-year-old actor, has sold his Connecticut estate for nearly $11 million, PEOPLE reports. The New Canaan property, purchased in 2022 for $10.8 million from Paul Simon and Edie Brickell, was sold at a slight loss. Built in 1938, the 32-acre estate includes six bedrooms, 11 bathrooms, a pool, gardens, and a guest cottage.

Gere lived there with his wife, Alejandra Silva, 41, and their sons, Alexander, 5, and James, 4. He plans to move to Spain to be closer to Silva’s family. Married since 2018, the couple views the move as a “great adventure.” Silva has an 11-year-old son, Albert, from a previous marriage, while Gere has an older son, Homer, 24, from his marriage to Carey Lowell.