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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.

0910_media_removed_Mel_Gibson
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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16.

Warren    

@chris, I haven't been back for some time, but you do drive on Miley's street to get to the family home. I don't remember seeing anything as both of these houses are set back like in the second row behind other houses. The perfect place for celebs to enjoy their privacy. And you are right that Billy Ray had plenty of money without Miley, but Miley's Mom does make money working for Miley. There is nothing wrong with that as Miley would have to pay someone. Better family than strangers. Although I don't think it was the greatest idea for her to have her brother open for her on the Wonder World tour.

1300 days ago
17.

mannequin    

Maybe that nice little Miley will buy mama and papa brand spankin' new houses. With big front porches and moonshine jugs for mama.

1300 days ago
18.

John    

God, there goes Encino.

1300 days ago
19.

yomama    

Miley's family does not take good care of their lawn... look at all those doggie tinkle spots!!!

1300 days ago
20.

Wiley    

Hey Chris, those same people said Britney was worth $120M when her actual worth was less than $50M. They get their numbers by adding up everything the star made throughout the career and then they add the value of their properties. They don't deduct living expenses and the cost of the properties because they aren't accountants and just don't have a clue. They don't even adjust the property values for the huge loss in value that's occurred in the last few years. Britney was spending $8.4M per year and was only a few years away from being broke. Haven't you noticed all the recording artists and well-known actors who are broke now?

1300 days ago
21.

Lisa    

Why did they need all that room just to park their single wide trailer?

1300 days ago
22.

Carvey    

That's a very nice house, but for a seven million dollar house I'd prefer the neighbors not be so close. I mean that is ridiculously close for homes in that price range.

1300 days ago
23.

Brute Reynolds    

Looks like they have like 4 ceement ponds.

1300 days ago
24.

AJ    

achy breaky bought that? It looks like a mall.

1300 days ago
25.

redbud    

I wonder if this means they will both have to ask Miley for an increase in their allowance to get a new house.

1299 days ago
26.

Richard Cranium    

who really cares both have nothing going for them other than Miley

1299 days ago
27.

Sandy217    

Tish makes her own money off of being Mileys manager and she is a producer with her own production company, she doesnt need Billy or Mileys money. As far as trailer trash, Billys dad was a state representative, I dont think that falls into the inbred trailer park trash category.Billy had MILLIONS BEFORE THERE WAS a Hannah Montana. So before you comment on things you know nothing about, dont do it. You look and sound like an idiot.

1298 days ago
28.

Eddiemac100    

How is 4.6M downsizing? I swear these people have no concept of money. Pfft..

Cheers, Ed
http://homesteadproductsupply.com

117 days ago
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