January 30, 2013 3:32 PM
Elvis Presley's former Trousdale Estates home in Beverly Hills went on the market in October for $12.995 million, and now Hard Rock co-founder Peter Morton has snapped up the place for $9.8 million.
The 5,367-square-foot home sits on a 1.19 acre lot, and it has four bedrooms and five bathrooms. Back in 1967 Elvis and his new bride Priscilla purchased the house for $400,000, and it was built in 1958.
The home has an attached guest house with additional private bathroom, and there is a formal dining room, a living room with a fireplace, a media room and a recently upgraded eat-in kitchen. The single story home has floor to ceiling windows and sliders throughout, a pool and spa and an amazing view.
While RealEstalker reports that the house "remains remarkably intact from the time Presley owned it in the mid to late-sixties," sadly it looks like Morton plans tear it down and build a brand new one.
Lisa Vanderpump Quietly Selling Villa Blanca Restaurant In Beverly Hills
Check Out Jessica Simpson's Wedding Location, The Famed San Ysidro Ranch
Check Out David Copperfield's $40k A Night Caribbean Resort