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    A Judge Just Blocked the Sale of Elvis Presley’s Legendary Graceland Estate

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    Elvis Presley fans may no longer have to be all shook up over the potential sale of Graceland.

    The King of Rock and Roll’s former estate was set to go up for auction this week, but a judge in Tennessee has halted the sale, CBS News reported on Wednesday. The temporary injunction comes after the actor Riley Keough, one of Elvis’s granddaughters, accused the company Naussany Investments and Private Lending of trying to sell the home as part of a fraudulent scheme. (Keough inherited the property and her family trust after her mother, Lisa Marie Presley, died last year.)

    “The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law,” Shelby Country Chancellor JoeDae Jenkins said, according to CBS. “And in being unique, the loss of the real estate would be considered irreparable harm.”

    Elvis bought Graceland—then a 10,266-square-foot mansion with 13.8 acres of farmland—back in 1957 for just $102,500, CBS noted. He died at the estate in 1977, and it was added to the National Register of Historic Places in 1991. Now, more than 600,000 Elvis fans visit the home, which has been turned into a museum, every year.

    Earlier this month, a public notice for the foreclosure sale of the property was posted, with claims that Promenade Trust, which controls Graceland, owes $3.8 million after failing to repay a loan, CBS wrote. Naussany Investments said Lisa Marie had used the estate as collateral for that loan. Keough, however, says the company created fake documents, and in a lawsuit filed last week, she alleges Naussany Investments “appears to be a false entity created for the purpose” of defrauding Elvis’s family.

    “As the court has now made clear, there was no validity to the claims. There will be no foreclosure,” a spokesperson for Elvis Presley Enterprises told CBS. “Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best in class experience when visiting his iconic home.”

    While the King’s relatives and fans are likely happy that Graceland will be staying in the family, the property would have probably fetched a pretty penny at auction. Just last year, a dilapidated private jet owned by the King hammered down for $260,000—and now it’s being turned into a luxe RV.

    Thankfully, when tourists head to Memphis to get a little taste of Elvis’s life, for now, Graceland will still be waiting for them.

    Authors

    Tori Latham

    Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…

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      in Luxury

      Elvis and Priscilla Presley’s Palm Springs Honeymoon Hideaway Just Listed for $5.6 Million

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      The seller of this Palm Springs landmark has left the building. And now, you too can live like Elvis and Priscilla Presley once did.  

      Most famous for being the futuristic residence in which the King and his wife honeymooned in 1967, a popular California tourist attraction dubbed “The House of Tomorrow” has just hit the market after an ambitious two-year renovation. The mid-century modern abode dates back to 1962 when it was first designed by William Krisel for home builder Robert Alexander. Alexander loved it so much; he kept the commission for himself. Shortly after, the “it” couple was said to have leased the space for a year prior to their marriage, reported The Wall Street Journal.  

      Its unusual design can be likened to that of a spaceship, gaining the attention of architectural lovers and Elvis fanatics alike throughout the years. The nearly 5,000-square-foot home has four bedrooms and a pentagon-shaped pool. Sadly, the original tennis court is no longer. However, what makes it stand out is the geometric design and its space-age aesthetic. Think a winged roof reminiscent of a butterfly mid-flight and four circular pods that are interconnected to form the framework. All that’s missing is a flying car in the driveway.  

      Elvis and Priscilla Presley’s former Palm Springs home just listed for $5.6 million

      Chris Miller/One Point Media Group

      Internally, you’ll find several other nods to the modernist movement including curved stone walls, a rounded built-in sofa, terrazzo floors and tons of floor-to-ceiling windows. The sellers, Dan Bridge and Paul Armitstead, even went as far as to restore the original color of the exterior with the help of a 1960s paint supplier during the reno. “Our goal in this was not to have a museum, but rather turn this into a living and breathing home for people who will live in it, not just use it as a showpiece,” Bridge tells WSJ.  

      The landmark dubbed “The House of Tomorrow” just underwent a two-year renovation but kept its mid-century modern theme.

      Chris Miller/One Point Media Group

      The two came across the property during Palm Springs’ Modernism Week and decided to buy the residence in 2020 for $2.6 million with the hope of restoring it to its former glory. Inside, they were met with loads of Elvis memorabilia—most of which has been removed and auctioned off by the previous owner. Today, their most important updates include a rebuilt kitchen and a brand-new round center island. Elsewhere, the circular theme continues with custom fixtures and finishes, in addition to a floating fireplace. 

      This stunning remodel has us all shook up. 

      Marc Sanders of Compass holds the listing. 

      Click here to see all photos of Elvis and Priscilla’s honeymoon hideaway.

      Chris Miller/One Point Media Group More