If Michael Douglas And Catherine-Zeta Jones End Up Getting Divorced, How Will They Split Their Real Estate Portfolio?

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Catherine Zeta-Jones and Michael Douglas have confirmed that they are currently separated, and while they haven't announced plans to divorce, we have to wonder what might happen if and when they do. You see, not only do they have a potential custody battle looming on the horizon, but given their real estate portfolio, things could get complicated when it comes time to settle their matters in court.

While Douglas has been on vacation, Zeta-Jones has reportedly been holed up at the couple's Bedford, New York estate, which was purchased in 2010 for $5.25 million (photo number one, above). The estranged spouses rented the home for several months before purchasing it, and our best guess is Zeta-Jones will hang onto this house and Douglas will reside in the Manhattan penthouse. The 6,300-square-foot colonial-style mansion sits on 5.7 acres and has 5 bedrooms and 5.5 baths, and there are stables on the property as well.

Up until their separation, the couple were sharing a penthouse in the historic Kenilworth building on Central Park West (photo 2). It's not known how long they've owned the home or how much its worth, but given that it's comprised of three units and takes up the entire ninth floor, we're guessing it's well into the 8-figure range. (Just for comparison's sake, earlier this year a 3 bedroom/3 bathroom unit in the building sold for $10.75 million, and in 2010 a 2 bedroom/3.5 bathroom unit was put on the market for $17.5 million.)

Outside of the U.S., the couple own an estate in Swansea, a coastal city in Zeta-Jones’ native Wales. Zeta-Jones’ parents reside at the property, and it is where the family stays when visiting, so we doubt this one is getting sold. Douglas also owns a homes in Canada, the Turks and Caicos Islands and an estate on the north-east coast of Mallorca, Spain.

However, the couple's 7,381-square-foot compound on Longford Road in Bermuda (photo 3) could be on the auction block, and for a hefty sum of money. The three-acre property offers a four-bedroom main house and a split-level guest cottage, and there is a fruit grove, a tennis court, and a secret garden with a hot tub on the property. The duo put the pad up for rent for $28,000 a month several years back, and it was purchased for $2.5 million in 2001.

Over the years the couple have bought and sold several other homes, including a 5,458 square-foot Pacific Palisades mansion (sold in 2004 for $2.2 million), a small condo in Century City (sold in 2003 for $1.85 million) and a stunning cabin in Snowmass, Colorado (sold in 2004 for $12.2 million).

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