Lifestyle
  • A former home of Elvis and Priscilla Presley in Los Angeles' exclusive Platinum Triangle has sold for $29.3 million.
  • Following her separation from Elvis in 1972, Priscilla Presley lived in the home for three years with their daughter Lisa-Marie.
  • Millionaire shampoo entrepreneur Paula Kent Meehan, late cofounder of the Redken hair care products company, was the home's most recent owner.
  • Take a look inside the 2.3-acre property, which comes with a 7-bedroom Tudor-style mansion and a koi fish pond. 
  • Visit Business Insider's homepage for more stories.

 

A former of home of Elvis Presley on the border of Beverly Hills and Holmby Hills in Los Angeles has just sold for $29.3 million.

Beckie Strum first reported the sale for Mansion Global. The property was sold by Joseph Babajian of Rodeo Realty and Richard Hilton of Hilton & Hyland, Compass listings show.

Source: Hilton & Hyland, Compass, Compass

According to Graceland Auctions, Elvis purchased the home at 144 Monovale Drive in December 1970, three years before he and his wife, Priscilla, divorced. Priscilla lived at the home with daughter Lisa-Marie following her and Elvis' separation in February 1972 until the home sold in July 1975.

Source: Graceland Auctions, Biography.com, PresLaw

The $29.3 million sale included 144 Monovale Drive, the 1.6 acre parcel of land where the Presleys lived, as well as neighboring 120 Monovale Drive, a .75 acre parcel of land. The two properties sold on August 31 for $20 million and $9.3 million, according to Compass records.

144 Monovale Drive was originally listed for $35 million in 2017, and 120 Monovale Drive was listed for $9.5 million in June, Compass records show.

Source: Compass, Compass

Both were owned by Paula Kent Meehan, the the millionaire founder of shampoo company Redken Products, until her death in 2014. Her trust oversaw them in the years following, property records show.

Source: WWD, Property Shark, Relativity, New York Times

The Presley home has undergone several renovations. The 7-bedroom main house now has a Tudor-style facade with leaded glass mullion windows, archways, and a high-pitched roof. The property also boasts a dual tennis-basketball court as well as a pool, two guest houses, and a garage.

Source: Hilton & Hyland, LADBS, Haute Residence

On the 120 Monovale Drive parcel, a koi fish pond wraps around a Japanese teahouse.

Source: Hilton & Hyland, Compass

The teahouse features a long table surrounded by low-lying red-and-black seats …

Source: Hilton & Hyland, Compass

… as well as a covered porch.

Source: Hilton & Hyland, Compass

The unnamed buyers will be joining the exclusive Beverly Hills community. As Business Insider's Libby Brandt recently reported, 90210 is the 2nd-most expensive zip code in the United States, with a median home sale price of $4,084,000.

Source: Business Insider

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