How much did Elvis Presley pay for Graceland?
Answer: On this day in 1957, Elvis Presley placed a down payment on Graceland Mansion in Memphis, Tennessee. With a $1,000 cash deposit against a sale price of $102,500, Elvis Presley agreed to purchase the house on March 19, 1957. Today it is preserved precisely as Elvis left it when he passed away in the upstairs master bathroom in 1977. His daughter Lisa Marie inherited Graceland on Elvis’s death, and in the years since then, it has become one of the nation’s most popular tourist attractions—the second-most-visited house in America after the big white one on Pennsylvania Avenue.
With a $1,000 cash deposit against a sale price of $102,500, Elvis Presley agreed to purchase the home called Graceland on March 19, 1957.