The King's castle might be coming down. Elvis Presley's sprawling former home in Beverly Hills, Calif., reportedly sold for $9.8 million in December, and now the new owner wants to tear it down, according to The Real Estalker. Just who is this new owner? Oh, he's a hound dog, alright. It's Peter Morton, founder of music memorabilia-themed restaurant chain, Hard Rock Cafe.
Elvis and Priscilla Presley lived in the 5,367-square-foot mansion in the mid- to late-1960s. The home had been on the market for $12.995 million last fall before Morton snagged it for a lower price. Sources told The Real Estalker that Morton, who is quite the real estate player, plans to tear it down and build a new house in its place.
If so, we'll be sad to see the King's castle go. The stunning four-bedroom, five-bathroom home gets panoramic ocean and city views of Los Angeles. It was recently remodeled, according to its listing, and has spacious rooms and a killer media room. Floor-to-ceiling windows in every room bathe the entire house in warmth and light. There's an attached guesthouse, a large motor court and a four-vehicle carport.
Find more homes for sale in Los Angeles, or search listings in your area.
See also: Elvis' 'Graceland' Deal: $1,000 Down
Lisa Marie Presley's Home
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Source: http://realestate.aol.com/blog/2013/02/01/elvis-presley-home-teardown-peter-morton/
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