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News createt: 02-02-2013 15:00:00

Beverly Hills home to be torn down?

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Elvis Presley's sprawling former home in Beverly Hills, California, reportedly sold for $9.8 million in December, and now the new owner wants to tear it down. The new owner is Peter Morton, founder of music memorabilia-themed restaurant chain, Hard Rock Cafe.

Elvis and Priscilla Presley lived in the 5,367-square-foot mansion in the mid- to late-1960s. The home had been on the market for $12.995 million last fall before Morton snagged it for a lower price. Morton, who is quite the real estate player, plans to tear it down and build a new house in its place.

The stunning four-bedroom, five-bathroom home gets panoramic ocean and city views of Los Angeles. It was recently remodeled, according to its listing, and has spacious rooms and a killer media room. Floor-to-ceiling windows in every room bathe the entire house in warmth and light. There's an attached guesthouse, a large motor court and a four-vehicle carport.


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