Home History Graceland: A brief history of the home of Elvis

Graceland: A brief history of the home of Elvis

by Chris Butsch
graceland home

As The King became a megastar in the 1950s, he found himself too big for his $40K ranch at 1034 Audubon Drive.

In 1957, he gave his parents a $100K budget to find a “farmhouse,” and on March 19, they purchased Graceland for $102,500, or roughly $880K in 2019 dollars. A 22-year-old Elvis then spent $500K adding a stable, shooting range, racquetball court, musical gates and a meditation garden, where he and his mother are now buried.

Though appearing in countless songs and movies, Graceland got its name in the late 1800s, from the original landowner’s daughter.

Chris Butsch

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