New Party Pad in the USA: Miley Cyrus Buys in Studio City
At the mere age of 19, Miley Cyrus already has a hit TV show under her belt, a world tour and record album, a few tabloid-worthy romances, and now she has another place to call home.
Cyrus picked up her first house at age 17— a 4-bedroom, 3.5-bath house in Toluca Lake, CA for $3.4 million, so she could be near her parents, Leticia and Billy Ray Cyrus. The former Disney star also plunked down $1,850,000 for a condo in Florida, but shortly after, returned it to the real estate market for $1,968,750.
For this real estate transaction, Miley chose a place closer to Hollywood and scooped up a piece of Studio City real estate for $3.9 million, according to Real Estalker. For an entertainer with a net worth of $120 million, and annual earnings of $48 million according to Forbes, a home for under $4 million is fairly affordable. Median Studio City home values are presently $669,300.
Being the celebrity that she is, Miley’s new digs are incredibly private. The gated and walled compound is situated down a private country lane and includes state-of-the-art security systems. “The perfect celebrity hideaway,” claims the listing.
Nestled in Studio Hills, the home has views of the canyon and city beyond it. Built in 1952, the mid-century home has been completely renovated from “the studs to the ceiling” to create an indoor/outdoor living experience with walls of windows and doors opening to several patios. The 5-bedroom, 6.5-bath home has 5,173 square feet of living space and sits on 1.15 acres.
Like any celebrity retreat, the house includes a saltwater pool, home gym and huge master suite with spa.