BEVERLY HILLS—A mansion tucked away in the enclave of Trousdale Estates and previously owned by Elvis Presley has been relisted on the market for $30 million – $29.6 million more than it was when “The King” bought it in 1973 for $400,000.
The 1958 French Regency-style estate is located on 1174 Hillcrest Road in a “quiet cul-de-sac” and perched on a secluded piece of property, set back far behind gates and mature trees, with “sweeping city-to-ocean views of the world below”, according to the listing.
Presley and his wife Priscilla shared the home for 6 years, but he sold it after the couple divorced in 1973. The home has undergone extensive interior renovations, but some exteriors from the original structure still remain, including surrounding bricks, the swimming pool and much of the outward stone décor. The estate’s return to the market comes after a 2-year hiatus.
In 2012, the house was listed for the first time in more than two decades and purchased by Hard Rock Café founder Peter Morton for $9.8 million.
The Beverly Hills Cultural Heritage Commission reviewed the property to be considered under the City’s Historic Preservation Program per the request of fans, but it failed to meet the standards needed for cultural designation for a number of reasons – particularly because it had undergone too many renovations since Presley had resided there, and “lost most of its ‘original’ architectural integrity.”
Because of the public opposition, Morton halted his plans and flipped the property for $14.5 million in 2014. The estate was purchased by a “mysterious corporate entity,” Variety reported. The buyer has hung onto the property for the past 2 years.
The 5,367-square-foot three-bedroom, five-bathroom estate advertises a renovated living room, kitchen and laundry room – along with new electrical wiring and a resurfacing of the pool and spa.