Richard Gere’s North Haven mansion now almost half price

Hamptons property, which was initially asking $65M, has been re-listed for $36.5M

May.May 17, 2016 04:48 PM

Richard Gere’s North Haven mansion is now almost half off.

The “Pretty Woman” actor has dropped the price of his home on Actors Colony Road to $36.5 million — $28.5 million less than its initial $65 million asking price when he listed it in 2013.

The property has undergone several price cuts since then, most recently to $47.5 million in 2014. His listing broker, Susan Breitenbach of the Corcoran Group, was not immediately available for comment.

Hamptons news website 27East first reported on the price chop.

Gere bought the gated compound, dubbed Strongheart Manor, in 2006 for a more modest $6.9 million, records show. It sits on 6.3 acres of waterfront and has views of Peconic Bay and Mashomack Preserve, a private deep water dock, two guesthouses, 12 bedrooms, a heated outdoor pool and a basketball court.

The original house was built in 1902 and was later renovated and restored.

Gere’s upcoming film projects include Jon Avnet’s “Three Christs,” in which he plays a doctor treating paranoid schizophrenics who believe they are all Jesus Christ.

Gere isn’t the only big name Hamptonian slashing the price of his home. Related Companies CEO Jeff Blau and Goldman Sachs chief Lloyd Blankfein have both lowered the asking prices of their respective properties in recent months.

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