Pitt and Jolie purchased the property, located in New Orleans' French Quarter, post-Hurricane Katrina in 2007 for $3.5 million, after Pitt established the Make It Right foundation to fuel development of new housing in the city's Lower Ninth Ward neighborhood.
The three-story, 1830s-era mansion -- which boasts 7,645 square feet, five bedrooms, three bathrooms and two half baths -- sold for $4.9 million but was originally listed for $5.6 million in November 2015. "It sold for a very fair price. It's a good deal for both parties," listing agent Nina Killeen tells ET of the sale of the historic house. "They're happy with the outcome."
ET also can confirm that Jolie and Pitt cleverly purchased the estate under The Mondo Bongo Trust, a reference to one of the songs they danced to in the 2005 film, Mr. & Mrs. Smith, the movie set where they first met.
Jolie and the pair's children -- Maddox, 15, Pax, 12, Zahara, 11, Shiloh, 10, and twins Vivienne and Knox, 8 -- are currently living in a new Hidden Hills, California, rental, but the 41-year-old actress still owns plenty of other properties with her ex.