The Real Deal New York

Richard Gere slashes price of Hamptons estate to $47.5M

The actor bought the property for $6.9 million in 2006
August 04, 2014 06:00PM

Richard Gere has lowered the asking price of his Hamptons home by an additional $8.5 million after being unable to sell the property for the original $65 million last summer. The price is now down to a mere $47.5 million.

This discount follows a $9 million price cut last April, and comes alongside a broker shakeup as well. Previously listed with Linda Haugevik of Sotheby’s International Realty, the property is now in the hands of Douglas Elliman’s Michaela Keszler, Paul Brennan and Raymond Smith.

Gere bought the six-acre North Haven estate, which is named Strongheart Manor, in 2006 for $6.9 million.

The actor’s waterfront estate at 26 Actors Colony Road was built in 1902 and has a gym, basketball courts, an outdoor fireplace and a 60-foot heated pool. [NYDN] — Claire Moses