Liam Hemsworth

Hemsworth loses millions on last big tie to Cyrus

PHOTO: Miley still lives in the home next door to Hemsworth’s fire-gutted former property. Source: Getty Images

Liam Hemsworth is cutting his losses and moving on from one of his last big ties to ex-wife Miley Cyrus, despite losing millions in the process.

The Hunger Games star has sold his 7.4 acre Malibu estate that he shared with Cyrus for the ‘bargain’ price of $4.9 million (US$3.6 million) – almost half of what he bought it for in 2014.

The cut rate price is due to the Woolsey Fire that ravaged the area and the home in 2018, burning it almost to the ground.

Liam Hemsworth's Malibu home was completely destroyed by the Woolsey fire in 2018. Miley's home next door survived the fires. Picture: Backgrid.

Liam Hemsworth’s Malibu home was completely destroyed by the Woolsey fire in 2018. Miley’s home next door survived the fires. Picture: Backgrid. Source: BackGrid

The unidentified buyer bought the two lots the former home stood on, a burned out concrete foundation, “an untouched pool, plus acres of semi-charred rolling hills,” according to Variety.

Back in 2014, when Hemsworth bought the property for $9.3 million, the estate included “a long driveway that meandered over a gurgling creek, an updated 1950s ranch-style house, a recording studio, detached writing studio, concrete barn, and a big grassy lawn.

READ MORE VIA NEWS.COM.AU

MOST POPULAR