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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.

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.


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@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.

1380 days ago


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

1380 days ago


God, there goes Encino.

1380 days ago


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

1380 days ago


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?

1380 days ago


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

1380 days ago


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.

1380 days ago

Brute Reynolds    

Looks like they have like 4 ceement ponds.

1380 days ago


achy breaky bought that? It looks like a mall.

1380 days ago


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

1379 days ago

Richard Cranium    

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

1379 days ago


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.

1378 days ago


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

Cheers, Ed

197 days ago
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