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Described in the real estate listing as an "exquisite gated Italian Renaissance-inspired villa," the 7,500-square-foot home has three garages and a "grand entrance foyer."
The pop star, 26, has lived in the hilltop home for less than two years – and had to leave the house twice early this year to be forcibly hospitalized.
Spears's father Jamie, who remains in legal control of his daughter until Dec. 31, sought permission from a court in June to sell the home.
"Britney has placed her Beverly Hills home on the market," her record label confirmed in a statement. "A spokesperson for the conservatorship confirms she is looking for a fresh start."
"Having more privacy and wide open spaces for her to raise her boys has been a goal for some time," a source close to Spears previously told PEOPLE.
The singer is rumored to be eyeing a new home an hour drive north of Los Angeles in Calabasas, Calif.
• Additional reporting by PERNILLA CEDENEIM
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