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Beverly Hills home may be torn down

Thu Jan 31, 2013 5:31 pm

:( this is aweful news and needs to be stopped

The co-founder of "Hard Rock Café", Peter Morton has reportedly scooped up the famous Trousdale Estates property that once belonged to rock and roll legend, Elvis Presley, for $9.8 million. The property went up for sale in October 2012 asking for $12.9 million. However, Morton picked up the property for $9.8 million closing the deal in December, reports Homeluxury. Elvis and Priscilla had purchased the property in 1967 and sold it when they separated. The home was put up on rent for $250,000 a month before being listed in October. Though the property has been renovated, it is rumored that Morton plans on tearing down the estate and building a brand new structure to replace the existing one as renovating old buildings has been a trend in the neighborhood of Trousdale Estates. Morton sold his stake in Hard Rock Café to star hotelier Ian Schrager in 2006 for $770 million. The Café is popular the world over with over 175 locations in 55 countries.

Source; Elvismatters

Re: Beverly Hills home may be torn down

Thu Jan 31, 2013 5:57 pm

Johnny2523 wrote::( this is aweful news and needs to be stopped

The co-founder of "Hard Rock Café", Peter Morton has reportedly scooped up the famous Trousdale Estates property that once belonged to rock and roll legend, Elvis Presley, for $9.8 million. The property went up for sale in October 2012 asking for $12.9 million. However, Morton picked up the property for $9.8 million closing the deal in December, reports Homeluxury. Elvis and Priscilla had purchased the property in 1967 and sold it when they separated. The home was put up on rent for $250,000 a month before being listed in October. Though the property has been renovated, it is rumored that Morton plans on tearing down the estate and building a brand new structure to replace the existing one as renovating old buildings has been a trend in the neighborhood of Trousdale Estates. Morton sold his stake in Hard Rock Café to star hotelier Ian Schrager in 2006 for $770 million. The Café is popular the world over with over 175 locations in 55 countries.


The world changes. Welcome to 2013.

Re: Beverly Hills home may be torn down

Thu Jan 31, 2013 8:41 pm

Johnny2523 wrote::( this is aweful news and needs to be stopped

The co-founder of "Hard Rock Café", Peter Morton has reportedly scooped up the famous Trousdale Estates property that once belonged to rock and roll legend, Elvis Presley, for $9.8 million. The property went up for sale in October 2012 asking for $12.9 million. However, Morton picked up the property for $9.8 million closing the deal in December, reports Homeluxury. Elvis and Priscilla had purchased the property in 1967 and sold it when they separated. The home was put up on rent for $250,000 a month before being listed in October. Though the property has been renovated, it is rumored that Morton plans on tearing down the estate and building a brand new structure to replace the existing one as renovating old buildings has been a trend in the neighborhood of Trousdale Estates. Morton sold his stake in Hard Rock Café to star hotelier Ian Schrager in 2006 for $770 million. The Café is popular the world over with over 175 locations in 55 countries.

Source; Elvismatters


There are old buildings and then there are Old Buildings! It would be crazy for a music guy to demolish a house that Elvis had lived in... absolute rock n roll blasphemy and it surely won't happen!

Re: Beverly Hills home may be torn down

Thu Jan 31, 2013 9:05 pm

Why should it be stopped? Is it a historic landmark? It's a house he lived in for a brief period of time.

Re: Beverly Hills home may be torn down

Thu Jan 31, 2013 11:13 pm

He's a fool if he does that. That house will be worth more as time goes by. Would they tear down Sinatra or Lennon's home? I think not.

Re: Beverly Hills home may be torn down

Thu Jan 31, 2013 11:15 pm

We're not exactly talking about Graceland or his birthplace in Tupelo here.

I'd like to see it stay, but I'd lose no sleep if this house came down.

Re: Beverly Hills home may be torn down

Fri Feb 01, 2013 1:25 am

Rob wrote:We're not exactly talking about Graceland or his birthplace in Tupelo here.

I'd like to see it stay, but I'd lose no sleep if this house came down.


I understand that, but him tearing it down will only downgrade the property value in the future. He would be able to re-sell the house restored back to the way it looked when Elvis lived there using the Elvis-connection to sell it and making more off of it than he originally paid.

Re: Beverly Hills home may be torn down

Fri Feb 01, 2013 1:30 am

Awful news would be Graceland being pulled down, not this.

Re: Beverly Hills home may be torn down

Fri Feb 01, 2013 1:33 am

SuspiciousMind wrote:He would be able to re-sell the house restored back to the way it looked when Elvis lived there using the Elvis-connection to sell it and making more off of it than he originally paid.

Based on what? How many multi-million dollar Elvis fans are out there that would want to own this house? It's not exactly a tourist attraction like Graceland. Sounds like the buyer is making a wise decision to base his investment potential on the value of the land than any secondary Elvis connection.

Re: Beverly Hills home may be torn down

Fri Feb 01, 2013 1:49 am

So Elvis lived there for a short time. He and Priscilla sold it. Years pass. Perhaps a number of people resided there during that time. Rich dude buys it and wants to tear it down and put up new digs. It's his property. He can do as he pleases. Time marches on. Zzzzzzzz.

Re: Beverly Hills home may be torn down

Fri Feb 01, 2013 2:35 am

Elvis fans want to save everything that has to do with their idol. "They're tearing down the gas station where Elvis once bought gas in....how dare they!!"

Re: Beverly Hills home may be torn down

Fri Feb 01, 2013 3:04 am

Justin wrote:Elvis fans want to save everything that has to do with their idol. They're tearing down the gas station where Elvis once bought gas in....how dare they!!"


They already did. Elvis didn't like it either.

Image

Re: Beverly Hills home may be torn down

Sat Feb 02, 2013 10:49 am

Horrific news.

Re: Beverly Hills home may be torn down

Sat Feb 02, 2013 2:02 pm

There goes my good nights sleep.

Re: Beverly Hills home may be torn down

Mon Feb 04, 2013 3:13 pm

Yeah, looks like a musty old heap with crumbling fixtures and all the charm of a haunted house. Tearing it down would be a brilliant idea...

http://luxe.truliablog.com/2012/10/11/e ... rly-hills/