Richard Gere Sells Massive New York Compound for $24 Million

Richard Gere has a buyer for his impressive New York estate ... and while he ended up selling for under the original asking price, he's still walking away with a fortune.

The "Pretty Woman" star's 50 acres of property sold on Wednesday -- the buyer shelled out $24.15 million for the entire space out in Pound Ridge, about an hour north of NYC in Westchester County.

The compound includes 5 structures, a pool and some stables -- the area has rolling hills that are perfect for horseback riding, making those stables look like a necessity. The main residence alone is a whopping 11,600 square feet.

The compound also comes with its own private beach, an island you can reach by rowboat ... and there's even a soccer field, too. The surrounding area is incredibly lush -- over 4,300 acres of protected land circle the estate.

Richard listed the property back in October for $28 mil, and records show he bought the space 35 years ago for a measly $1.5M -- talk about a profit!!!