HOUSE OF THE DAY: Hard Rock Cafe Founder Buys Elvis Presley's LA Mansion For $9.8 Million, Plans To Tear It Down
In an ironic twist, the founder of the Hard Rock Cafe — the restaurants dedicated to preserving musician memorabilia — is rumored to be tearing down Elvis Presley's old Beverly Hills mansion to construct a brand new house, according to Curbed LA.Coldwell Banker Previews
The home, which has four bedrooms, five bathrooms, and spans 5,367 square feet, was previously on the market this past October for $12.995 million and sold to Hard Rock's Peter Morton in December for $9.8 million.
The gated property sits on 1.18 acres of land, with stunning views of Los Angeles from the backyard. Morton is a bit of a real estate buff, with another home in Holmby Hills and a mini-compound on Carbon Beach in Malibu, according to Curbed.
Welcome to Hillcrest Road.
The house was built in 1958.
About $1.836 million worth of improvements went into the home in 2010, according to the Los Angeles County Tax Assessor website.
The listing describes the home as a "French Regency Estate."
Floor-to-ceiling windows everywhere.
The dining area has a huge sky light.
An entire wall of built-in bookshelves anchors the office.
The appliances in the kitchen are all brand-new. Too bad this whole room will disappear.
The master bedroom has direct access to the patio.
It also has a huge, step-down tub.
The pool area has been completely resurfaced.
There's also a guest house on the property.
The home was previously available for rent for $25,000 a month.
The views — which are most likely what attracted Morton to the property — are sparkling.
Peter Morton Beverly Hills Mansion - One the home of Elvis Presley.
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
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