But she will continue to visit the island, as her parents still have a home here.
The buyer of the property is a Russian multi-millionaire businessman.
Schiffer has long been an unofficial goodwill ambassador for Majorca, which she has been visiting since she was a child, and regularly praises the island when appearing in public. This year, she has been active in promoting the island at the international tourist fair in Berlin and the World Travel Market in London, and she has also been promoting the Green Card, the discount card for tourists introduced by the Balearic government to raise funds for environmental projects. It is believed that she and her husband, film producer and director Matthew Vaughn, will now be spending more time in their country home in Suffolk.
Rumours that the supermodel was going to sell up have been rife in recent weeks.
She has always been the target of paparazzi and when her new house was built, she went to great pains to protect her privacy and make access to the luxury house virtually impossible for unwanted intruders. She also spent a considerable sum in restoring an historical watch tower in the grounds of the property.
The model, who appeared last week at the Live8 concerts, is currently on the island with her two children, but without her husband.
Matthew Vaughn's last film was Layer Cake, based on the novel of the same name by J J Connolly, who also wrote the screenplay.
It stars Daniel Craig, Tom Hardy and Colm Meany, who was also on the island recently.
The property sale was handled by Engel & Völkers.
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