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Saturday, February 12, 2011

Miley Cyrus sold her 'Redneck Riviera' beach house for $1.9M

Miley Cyrus, real estate mogul?

The teen queen reportedly flipped her Panama City (a.k.a. Redneck Riviera) beach house and may have walked away with a tidy 6% profit.

According to The Real Estalker, the posh pad sold this week for $1.96 million. Cyrus reportedly bought the place for $1.8 million last year.

The blog reports that the condo has five bedrooms, two fireplaces and 240 feet of private beachfront.

But Cyrus still has Hollywood: The 18-year-old reportedly also owns a $6.2 million L.A. home -- a Mediterranean-style estate with five bedrooms, lots of closet space and, of course, room to entertain the whole family, according to Seventeen magazine.

Source: bestplaces.nydailynews.com

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