Miley Cyrus Sells Tennessee Ranch for $14.5 Million: A Real Estate Triumph
Miley Cyrus's Lucrative Real Estate Deal
Miley Cyrus has successfully wrapped up a lucrative real estate deal in her native Tennessee, selling her sprawling ranch in Franklin for an impressive $14.5 million. The singer purchased the 33-acre estate back in 2017 for $5.8 million, witnessing a remarkable increase in its value over her five-year ownership, which highlights the booming luxury real estate market in Nashville.
The sale, completed in 2022, is noted as one of the most significant residential transactions in the area for that year. Interestingly, the property was not listed publicly during the sale, which was finalized with businessman Matthew Frauenshuh. This deal represents a substantial 150% appreciation from the original purchase price, showcasing the estate's impressive growth since Cyrus acquired it through her Sunshine Girl Trust.
A Unique Southern Getaway
A Custom-Built Southern Retreat
Located about 20 miles from downtown Nashville, the estate provided a refreshing contrast to Cyrus's usual California homes. Built in 2014, the farmhouse-style residence spans nearly 7,000 square feet, seamlessly blending modern conveniences with traditional rustic charm. Inside, the home boasts reclaimed wood flooring, shiplap walls, and exposed beams, all enhanced by multiple stone fireplaces that create a cozy atmosphere.
The design emphasizes a classic country feel, featuring a wraparound porch and sliding barn doors. The kitchen stands out as a central feature, showcasing an exposed brick wall and whitewashed cabinetry paired with modern appliances and a marble-topped island. The property also includes five bedrooms, four bathrooms, a three-car garage, a swimming pool, and a putting green.
Privacy and Unique Features
Seclusion and Design
A major draw of the Franklin estate was its impressive privacy. Nestled on 33 acres of dense woodland, the property is distanced from neighboring homes, providing a level of seclusion that is often hard to find in more crowded celebrity neighborhoods. The combination of its custom design and expansive grounds made it a standout asset in Cyrus's real estate collection.
The sale of the ranch in 2022 concluded Cyrus's five-year ownership. Initially bought just below its $5.9 million asking price in 2017, its eventual sale for $14.5 million firmly established it as a valuable asset in the Nashville luxury market. This transaction serves as a significant example of the singer's real estate endeavors beyond her properties in Los Angeles.