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Hard Rock Founder Tearing Down Elvis's Old House in Trousdale

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Hard Rock Cafe founder/model fan Peter Morton sold his stately Paul Williams-designed house in Little Holmby late last year and is now moving on to something completely different: Elvis and Priscilla's old French Regency/modern mashup in the Trousdale Estates, according to Real Estalker. The house was built in 1958 and the Presleys moved in the year they were married (1967)--since then, it's been a favorite pilgrimage spot for fans. It hit the market last fall asking $12.995 million and sold in December for $9.8 million. RE has been informed "that the house remains remarkably intact from the time Mister Presley and Miss Priscilla owned it in the mid- to late-sixties but that's probably no matter since the scuttlebutt on the Trousdale real estate street is that Mister Morton plans to raze the existing residence to make way for an all new house that he'll no doubt sell at an enviably enormous profit." (This seems to be becoming a trend in the neighborhood, sadly.)

Meanwhile, Morton's main residence is still "a 13,000- plus square foot mansion on 1.3-plus gated and landscaped acres in a particularly plum section of the Holmby Hills," but he's a bit of a real estate fiend. Besides the Little Holmby house, he took a loss selling a Tudor in Beverly Hills to Sandra Bullock in 2011 and "also maintains an elegantly contemporary Richard Meier-designed mini-compound" where else? On Carbon Beach in Malibu.
· Peter Morton Does In Trousdale Estates [Real Estalker]
· Elvis and Priscilla's Old Place in Trousdale Asking $13 Million [Curbed LA]