Psychic/showman Uri Geller recently purchased Elvis Presleys first home, at 1034 Audubon Drive, for more than $900,000. Two years ago, entrepreneur Robert F.X. Sillerman bought the Graceland estate, and a good portion of Elvis Presley Enterprise as well, for $125 million.
So, how much would Elvis third house go for?
We recently turned up a 1974 Commercial Appeal article which mentions that Elvis had purchased a home at 1576 Lehr, just behind Graceland. On September 20, 1974, he paid precisely $33,925 for the one-story 1,500-square-foot property, and the newspaper story noted the homeowner had been told that the King of Rock-and-Roll never planned to live there but had purchased it for an investment.
Were not sure how much this investment has paid off over the years, but if the present owner ever considers selling it, may we suggest eBay?