Ashlee Simpson and Pete Wentz, Moving On!

With an unfortunate public divorce in the process of finalization, young musicians Ashlee Simpson and Pete Wentz have decided to put their Beverly Hills Post Office property back on the market. With a failed attempt at getting rid of their manor last year, the duo has decided to give today's buyers a chance to pick up their pieces at a reduced purchase price.

Nestled in a private neighborhood high up in Benedict Canyon, this stacked mansion pronounces 4 stories of living with 7,100 sqft, 5 bedrooms and 6.5 bathrooms, two story poolside guest house, lush green views of The Hills, and tremendous attention to detail. As any Celebrity couple requests, the privacy and tranquility of this property enhance the experience all throughout the one half acre home site.

Enter this hillside Mediterranean estate through the walled and gated courtyard, walking into your serenity garden, peaceful waterfall and stone fire pit. Once inside this designer studded abode, enjoy top of the line appointments accompanied by rich, walnut plank floors, exposed cathedral beam ceilings, gourmet chef's kitchen, loaded entertainment and media room, a spacious master suite with expansive his and her closets, and a sparkling and secluded swimming area.

While the couple was shooting to make a profit with last years sales price of $4,500,000, they are now expected to leave their memories as a wash due to the downward market movement since their purchase in January of 2007. Swoop this home up at a competitive cost of $520 per sqft for a comfy $3,699,000.

Listing Brokerage: Sotheby's - BH