Miley Cyrus may be officially single again, but she’s running into bad financial luck post-divorce. The “Wrecking Ball” singer lost nearly a million dollars in a recent real estate exchange.
Cyrus secretly unloaded her Malibu mansion for $1.7 million right before she finalized her divorce with Liam Hemsworth. She originally purchased the property in 2016 for $2.525 million. Cyrus selected the residence due to its close proximity to her then-boyfriend Hemsworth. He soon moved in with Cyrus after she purchased it.
Miley and Liam began dating in 2009 and split in 2013. Then in 2016, they rekindled their romance and eventually got married in a secret ceremony on December 23, 2018. By August 11, 2019, the two called it quits and their divorce was finalized in February of 2020.
The Malibu home suffered damages following the Woolsey Fire in November 2018. Hemsworth and Cyrus shared photos of the massive damage the fires caused in the home on both Instagram and Twitter.
It’s been a heartbreaking few days. This is what’s left of my house. Love. Many people in Malibu and surrounding areas in California have lost their homes also and my heart goes out to everyone who was affected by these fires.
To help: https://t.co/YQCE1cLaej & @happyhippiefdn pic.twitter.com/vtLFytFmNw
— Liam Hemsworth (@LiamHemsworth) November 13, 2018
So, the price reduction isn’t a surprise. Eight months after the fires, Cyrus filed for an excavation and drilling permit for the home. It’s not clear how much of the property was renovated. Cyrus sold the home in a quick sale for $825K less than what she paid for it in 2016. Perhaps the sale of her home has finally severed her connection to Hemsworth—only time will tell.
