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HOUSE OF THE DAY: Richard Gere Drops The Price On His Hamptons Mansion To $48 Million

Aug 4, 2014, 21:37 IST

Sotheby's International Realty

Richard Gere is having difficulty unloading his North Haven mansion: The actor recently dropped the price on the Hamptons property to $47.5 million, according to Curbed Hamptons.

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Gere first listed the 6.3-acre estate in July 2013 for an outrageous $65 million. The price was later lowered to $56 million.

It's now listed with Douglas Elliman.

The property, known as Strongheart Manor, was built in 1902 and comes with two guest houses, an outdoor fireplace pavilion, and a dock that looks out onto the water. It's been renovated and expanded to include 12 bedrooms and over 12,000 square feet of space.

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