Elvis Presley was just 22 years old when he bought his Graceland home in Memphis, Tenn., on March, 25, 1957. The singer paid $102,500 for the property, which already had its famous moniker. The home's previous owners Dr. Thomas Moore and his wife Ruth named the mansion after Ruth's aunt, Grace Toof, when they build the Colonial Revival style home in 1939.
Sadly, the legend died of a heart attack at Graceland on Aug. 16, 1977, when he was only 42.
In the wake of Lisa Marie Presley's death at age 54 on Jan. 12, Graceland will be inherited by her three daughters—Riley Keough and Harper and Finley Lockwood—a representative for Graceland confirmed to E! News.
Lisa Marie took complete ownership of the home when she turned 25 in February 1993. Graceland will also serve as the location for Lisa Marie's final resting place, a rep for Riley confirmed to E! News. She will be buried alongside her father and her son, Benjamin Keough, who died by suicide in 2020 at age 27.
Graceland welcomes over 600,000 visitors each year and is the most famous home in America after The White House. It was named to the American National Register of Historic Places in 1991.
The property offers ticketed visits for guests to see Elvis' jumpsuits and classic car collection, as well as his personal home, Vernon Presley's business office, Elvis' trophy building, his racquetball center and the meditation garden, where the King of Rock and Roll was laid to rest.
When Elvis first purchase the home it was 10,266 square feet. Today, it's now expanded to 17,552 square feet on 13.8 acres of land.
When the "Jailhouse Rock" singer was at the home, the weekly grocery bill was around $500, according to David Adler's book, The Life and Cuisine of Elvis Presley. The specific items to be stored in the Graceland kitchen at all times included a case of Pepsi, steak, hamburger buns, cans of sauerkraut, wieners, at least six cans of biscuits, brownies, banana pudding, lean bacon, mustard, ice cream, fudge cookies, brownies, and assorted fresh fruit.
In addition to five staircases and three fireplaces, the home also has a billIards room and a lair that Elvis referred to as "The Den". Complete with a waterfall, wooden walls, a grass shag carpet and plastic foliage, fans began calling it "the Jungle Room" when Graceland was opened to public visitors in 1982.
According to Rolling Stone, Elvis turned the oasis into a temporary studio to record 16 songs that were released on 1976's Elvis Presley Boulevard, Memphis, Tennessee, and 1977's Moody Blue.
The official Elvis Instagram account revealed that the Heartbreak Hotel actor was "a huge TV junkie" and "actually had 14 TV screens set up all around the Graceland mansion."
His programming of choice? "He loved to watch football," the caption read, "and prime-time favorites like Laugh-In, The Untouchables, The Tonight Show and The Match Game."
Though Elvis and Priscilla Presley divorced in 1973, she became a co-executor of Graceland after the 1979 death of the singer's father, Vernon Presley. She has been instrumental in keeping the estate up and running as a tourist destination and her ex one of the highest-earning deceased celebrities of all time.