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Richard Gere sold his New Canaan, Conn., home for $11 million in 2024 after revealing he was leaving the U.S. for Spain

The buyers of the property scheduled the home for demolition in order to make room for a nine-property development on the site

The historic home has now been torn down, but many of the architectural gems inside were able to be saved

Richard Gere ’s former Connecticut home has officially been demolished, PEOPLE can confirm.

The Pretty Woman star, 75, and his wife Alejandra Gere , 42, sold the New Canaan, Conn., property for $10.75 million in October 2024 ahead of relocating to Spain . The 32-acre site will now be used to construct a nine-property development by the new owners.

Reggie Young, founder of Hudson Valley House Parts , confirms to PE

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