Peter Morton pays $9.8M for Elvis Presley’s former Beverly Hills abode

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In the autumn of 2012, the former luxury home of rock-and-roll legend Elvis Presley, situated in the star-studded Trousdale Estates neighborhood, was listed for an asking price of $12.9 million and in December 2012 it was scooped up for $9.8 million by (co-)founder of the Hard Rock Café global chain of dining restaurants, Peter Morton. Elvis and Priscilla had bought the property in 1967 and sold it six years later, when they got divorced. Reportedly, the house was leased out for $25,000 per month until recently.

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The 5,367-square-foot gated pad sits on 1.2 acres and is designed in the French Regency style. Built in 1958, the single-story mansion has 4 bedrooms, 5 bathrooms and an adjoining guest house with an additional bath. Besides, it includes a living room, a dining room, a family room, an office, a media room and an eat-in kitchen. The house features floor-to-ceiling windows and glass walls, a pool and spa and overlooks ‘spectacular panoramic city-to-ocean views’.

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Trousdale owners tend to tear down the old buildings and build new ones instead, more sophisticated and fashionable which they will eventually sell for jaw-dropping sums. The Presleys’ former pad has recently been renovated but the entry gate is still covered with Elvis  fans’ handwritten tributes. Hopefully it will not undergo any more major changes – it would be a disappointment for the fans of the King of Rock ’n’ Roll; although it is not their official mecca (that’s Elvis’s Graceland home in Memphis), fans still go on pilgrimage to Bev Hills.

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