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A former of home of Elvis Presley on the border of Beverly Hills and Holmby Hills in Los Angeles has just sold for $29.3 million.
Beckie Strum first reported the sale for Mansion Global. The property was sold by Joseph Babajian of Rodeo Realty and Richard Hilton of Hilton & Hyland, Compass listings show.
Source: Hilton & Hyland, Compass, Compass
According to Graceland Auctions, Elvis purchased the home at 144 Monovale Drive in December 1970, three years before he and his wife, Priscilla, divorced. Priscilla lived at the home with daughter Lisa-Marie following her and Elvis' separation in February 1972 until the home sold in July 1975.
Source: Graceland Auctions, Biography.com, PresLaw
The $29.3 million sale included 144 Monovale Drive, the 1.6 acre parcel of land where the Presleys lived, as well as neighboring 120 Monovale Drive, a .75 acre parcel of land. The two properties sold on August 31 for $20 million and $9.3 million, according to Compass records.
144 Monovale Drive was originally listed for $35 million in 2017, and 120 Monovale Drive was listed for $9.5 million in June, Compass records show.
Both were owned by Paula Kent Meehan, the the millionaire founder of shampoo company Redken Products, until her death in 2014. Her trust oversaw them in the years following, property records show.
Source: WWD, Property Shark, Relativity, New York Times
The Presley home has undergone several renovations. The 7-bedroom main house now has a Tudor-style facade with leaded glass mullion windows, archways, and a high-pitched roof. The property also boasts a dual tennis-basketball court as well as a pool, two guest houses, and a garage.
Source: Hilton & Hyland, LADBS, Haute Residence
On the 120 Monovale Drive parcel, a koi fish pond wraps around a Japanese teahouse.
Source: Hilton & Hyland, Compass
The teahouse features a long table surrounded by low-lying red-and-black seats ...
Source: Hilton & Hyland, Compass
... as well as a covered porch.
Source: Hilton & Hyland, Compass
The unnamed buyers will be joining the exclusive Beverly Hills community. As Business Insider's Libby Brandt recently reported, 90210 is the 2nd-most expensive zip code in the United States, with a median home sale price of $4,084,000.
Source: Business Insider