The footballer and his family had planned to live in the nine-bedroom mansion, which was built next door to his old property.
Terry, 33, sold his original red-brick property last year for £5.25m after three years on the market, but then received an out of the blue £16m offer for his new home.
He had bought the luxury pad for £1.8m in 2007 and spent a further £4m on renovations.
Terry, whose £170,000-a-week Chelsea contract runs out this summer, bagged a £10m profit on the sale to a mystery foreign investor.
The cost of the home is twice the price of the average Surrey property.
His family are now believed to be renting another property.
His spokesman told The Sun that the house had not been put on the market, but that Terry and his wife Toni had ‘received a fabulous offer which they decided to accept’.
It had taken Terry three years to sell his first house, which he had bought for £2.25m in 2003 and reportedly had to remortgage four times.
In 2010 the former England captain was advised to drop the asking price by three quarters of a million pounds.
However, helped by the burgeoning property market, he was finally able to sell it for more than the £5m asking price, helping him finance the second mansion – located just a short drive from Chelsea’s training ground in Cobham.
The new home, which is only clearly visible from the air, has eight dressing and bathrooms, nine bedrooms, a swimming pool, a sauna and its own private cinema.
Terry was reported to have incurred a mortgage debt of £4.6m on the building of the new house.
