The two-day celebration will be televised on the AT&T Audience Network on June 23 and 24 at 8 p.m. ET/PT.
In addition to live performances, the event will also include beach games, events and activities including the All-Star Celebrity Beach Volleyball Tournament and an all-day pool party on Saturday, with additional special guests to be announced.
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Fans can win their way in through radio contests this month or purchase tickets to be a part of the festivities.
The news comes just days before Cyrus is set to debut her brand new single, "Malibu," which was written about her fiance, Liam Hemsworth. The song is scheduled for release on May 11.
"It's supposed to be this hot all summer long," she tweeted last week, teasing the lyrics. "I never would've believed you if 3 years ago you told me I'd be here writing this song."
"It's supposed to be this hot all summer long. I never would've believed you if 3 years ago you told me I'd be here writing this song..." pic.twitter.com/rLPeFDbYwc
— Miley Ray Cyrus (@MileyCyrus) May 5, 2017
For more on Cyrus' next musical chapter, watch below.