(Photo: Pascal le Segretain/Getty Images)

Richard Gere seems to like keeping his brokers busy. After reportedly offering his residence in Julian Schnabel’s Palazzo Chupi for $15 million, he and wife, Carey Lowell, have recently put their sprawling farmhouse in Water Mill on the market, asking $8.8 million (records show that they paid $2.75 million in 2001). It sits on 1.2 acres, and has a guesthouse, art studio, and a pool. Gere and Lowell also own a 6,000-square-foot place in North Haven near Jimmy Buffett’s, where they’ll likely relocate. Gere’s publicist said that the actor has no comment.

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• Archive: “Intelligencer”
• Articles by S.Jhoanna Robledo
• Table of Contents: Feb 16, 2009 issue of New York | Subscribe!