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Miley Cyrus' Parents Will Sell the Homestead

12/20/2010 7:15 PM PST BY TMZ STAFF

Sources connected with Miley Cyrus' family tell TMZ ... Billy Ray and Tish will put their Toluca Lake home on the market -- we're told probably for more than $7 million.

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Billy Ray filed for divorce October 26. But get this ... sources tell TMZ that more than three months ago Tish, looked at a home listed in nearby Encino for $4.6 million.

Rich people downsizing.

28 COMMENTS

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1.

James     

Why do people get married anymore? Shame on them for not working it out for the kids sake.

1220 days ago
2.

JJ    

Another dysfunctional family who'll produce dopers., freaks and movie stars.

ONLY IN AMERICA!!

I love it.

1220 days ago
3.

bvang    

Does it actually matter that they're selling that house? Miley owns the house around the corner so there really isn't any importance in this.

1220 days ago
4.

feebee    

She should keep the house for herself... Miley can afford to keep her Mom in style

1220 days ago
5.

Emm    

Question: Where's the LAKE?

Looks like dried up land behind the house.

Reminds ya of Poltergeist!!!

1220 days ago
6.

who dat    

What that says to me, is she knew she was doing something that if caught would cause them to separate.

1220 days ago
7.

robbie    

Their neighbor has a sick playhouse!

1220 days ago
8.

tgrfan42069    

she looked for a 4 mil dollar house..yet she has no job..she will pay for it with billy or mileys money.

1220 days ago
9.

Tracey    

I hope someday I can sponge off my kid to get a house like that.

1220 days ago
10.

tlynn    

Keep your inbred hillbilly trash family out of Encino! There goes the neighborhood!

1220 days ago
11.

rico    

BACK TO TO THE TRAILER PARK,WHERE THEY ALL BELONG.....

1220 days ago
12.

en Todo Momento!!    

is it just me, or do all homes look ugly!!! from the air??! i mean UGLY!!! no to poop on anyone's roof, but it looks ugly!!

1220 days ago
13.

Warren    

That is a nice house, but with the divorce and Miley moving out, they maybe don't need that much space. Miley had her own wing of it. It's kinda sad because Miley bought next to it to be near her family. Wonder if Miley will decide to sell her house later. She should maybe move to Malibu.

1220 days ago
14.

Warren    

I did a few drive-bys of that house and area, but was never lucky enough to see Miley out anywhere. Like they say, you see driveways of the stars. All I ever saw was some girl fans and paps hanging out and sometimes the cops probably telling them to go away.

1220 days ago
15.

chris    

@Warren, did you ever do a drive by of Miley's house? What's it look like from the ground? Another gate you can't see through? Billy and Tish are probably selling the house because under Tenn.'s community property law, both Billy and Tish own it, so either Tish has to buy Billy out or move. Tish will get half of Billy's massive fortune ($150 million according to Celebrity Net Worth), but probably doesn't need the space now that she's just got two kids at home. It still amazes me the kind of idiots TMZ attracts to its discussion boards. There are still people here who think that Billy, who's had his huge bankroll since long before anyone ever heard of Miley, is living off his daughter's income. And then there was the idiot who says Tish doesn't work! I guess it's easy to look like an idiot when TMZ is your only source of information.

1220 days ago
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