New Party Pad in the USA: Miley Cyrus Buys in Studio City
EDITOR’S NOTE: We originally covered Miley Cyrus’ home in August 2011. In honor of her MTV Video Music Awards nominations for “We Can’t Stop,” we thought we’d take another look at her home.
ORIGINAL POST: 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.