A brand - new Netflix documentary film , Return of the queen : The Fall and raise of Elvis Presley , reveals insights intoElvis Presley ’s 1968 Comeback Special — but not all aspects of the international icon ’s history are enamor in the picture . Return of the Kingfocuses on the efforts by Presley and his team , in particular his director , Colonel Tom Parker , to kick - start his vocation once more afterPresley ’s time in the armyand myriad other factor reduced public stake to a sure degree . Given this specific focus , many biographical contingent are abstracted inReturn of the King .

One such aspect of Presley ’s life-time that is only refer upon inReturn of the Kingis the accomplishment of his now - famous home base , Graceland . Graceland is a sign of the zodiac locate on a 13.8 - acre estate in Memphis , Tennessee , and it is now the final resting place of Presley and several of his mob members , let in his daughter , Lisa Marie Presley , who perish in 2023 . Clearly , Graceland had incredible significance for Elvis Presley and preserve to be tied to the Presley family to this day , but when exactly did Presley purchase the belongings ?

Elvis Presley Was 22 When He Bought Graceland In 1957

Elvis' Purchase Of Graceland Came Very Soon After His Rise To Fame

AsReturn of the Kingmentions , Elvis Presley purchased Graceland in 1957 , which means he was 22 years old when he acquired the massive estate . This purchase therefore came astonishingly too soon in his calling . Presley start his telling career when he signal with Sun Records in 1954 , but he was not an straightaway star . It was n’t until 1956 that Presley had his first number one hit , " Heartbreak Hotel . " In the same year , Presley appeared on the Ed Sullivan Show , at which stop millions tuned in and became entrance by his performance .

Presley had only been top the chart for about one class when he bought Graceland .

This means Presley had only been topping the chart for about one year when he bought Graceland . This alone is indicative of how apace he became successful . Presley grew up with significant financial difficulties , so none of this was inherited wealth . Within a very brief window , he had realize enough money to purchase an estate that came with quite the price rag .

The poster from Elvis' comeback special

Netflix ’s Return of the business leader : The Fall and ascending of Elvis Presley revisits Presley ’s 1968 replication idiot box special where he repair his career .

How Much Elvis Paid For Graceland

Graceland’s Price Tag Is Staggering When Adjusted For Inflation

Elvis Presley paid $ 102,500 for Graceland . adjust for inflation , this equal to or so $ 1.1 million today . This was a monolithic step up from the first family Presley had purchased in 1956 , which cost $ 29,500 at the time . Ultimately , privacy concerns and his rapid rising slope to fame prompted the move after only one yr at this first house .

This sudden move was a one - off , though , as Graceland shew to be Presley ’s permanent residency throughout the many changes that took place in his life , from the numerousmovies Presley starred into his wedlock to and divorce from Priscilla . In fact , even when Presley was serving in the military machine , his parents , who had move into Graceland with him in 1957 , resided in the home and continued to take forethought of it . finally , Graceland was even where Elvis Presley died .

What Happened To Graceland After Elvis' Death In 1977

Graceland Stayed In The Family

Elvis Presley ’s death at 42 twelvemonth one-time truly shocked the world , and for good reason . Thedetails of Presley ’s deathremain shrouded in a sure degree of mystery , largely due to venture about the honest cause of his death . Many have long believed Presley ’s early passing was due to substance use , although that has consistently been dismissed by coroner Dr. Jerry Francisco who has maintained that there was no evidence that drug or other substances led to Presley ’s death .

supposition aside , Elvis Presley give way of a warmness blast in Graceland on August 16 , 1977 . feed Presley ’s age and the very sudden news of his death , this shocking ending for the King of Rock and Roll shook people the world over . Presley was survived by several of his household member , including his father , his paternal grandmother , and his daughter . With so many surviving relative , Graceland was able-bodied to stay in the Presley phratry , and it continue the property of the Presley descendants to this day .

With Presley ’s girl Lisa Marie go in January 2023 , the future of the estate was somewhat in interrogative sentence once again , but afterward that twelvemonth her girl , Riley Keough , was confirmed to be the new owner of Graceland . However , no appendage of the Presley kinfolk presently live on in Graceland , and the mansion has mostly become a way to honour Presley ’s legacy , allow visitors to add up and tour the home . AlthoughReturn of the King : The Fall and Rise of Elvis Presleywas focused on Elvis Presley ’s 1968 Comeback Special , it ’s absolved how substantial Graceland was and remain today .

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Elvis in front of his home at Graceland

Elvis Presley with his guitar