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Featured Timeline Winner for July - Elvis Purchases Graceland

July 06, 2010

The winning Elvis timeline milestone for July that Elvis fans voted as their number one favorite Elvis moment is #23 - Elvis purchases Graceland Mansion in Memphis for $102,500.

Graceland was built in 1939 by the Dr. and Mrs. Thomas Moore, who named the home and surrounding land in honor of Mrs. Moore’s aunt and the original land owner, Grace Toof. Dr. Moore, a professor of Urology, was also a well-known breeder of prized Hereford cattle and Graceland became a cattle farm. 

Elvis bought the house and a small portion of the farm from Mrs. Moore on March 25, 1957, for $102,500. It became a beloved home to Elvis, his parents Vernon and Gladys Presley, and his grandmother Minnie Mae Presley, as well as many other family and friends.

Graceland was the one place Elvis could get away from the media, fans and the stress of film production and concert touring. Elvis loved Graceland, where he was often found playing music, relaxing with friends and family, taking a dip in the pool or riding horses and go-karts.

See a full gallery of photos featuring Elvis at Graceland.

Five new photos relating to Elvis purchasing Graceland have been added to the Elvis Mobile app for iPhone and iPod Touch users. Download the free app to enjoy weekly Elvis photo updates, periodic video updates, the latest news on all things Elvis, the Graceland LiveCam, podcasts and more.

Each week in July, Elvis Insiders will have access to a new, rare Graceland artifact from the archives in the members only exclusive image gallery on

Be sure to visit and vote for your favorite Timeline event, which will be featured in August.

To plan your visit to Graceland to see where Elvis lived and played, visit our Free Online Travel Planner for a $4.00 off printable coupon plus lots of great packages to help you save on your trip.

Facts About Elvis' Purchase of Graceland:

- It was Gladys and Vernon, not Elvis, who initially discovered Graceland and then told their son of the grand home.

- Elvis used the $55,000 he received for the sale of his home on Audubon Drive, as well as $10,000 in cash as the down payment for Graceland. The remaining amount would be paid over a 25 year mortgage.

- Just days after purchasing Graceland, Elvis hired interior decorator George Golden to give the home a more modern look. Golden was referred to Elvis by Sam Phillips, who had hired the designer to renovate his ultramodern ranch house.

- Elvis was not the first musician to live in Graceland. The Moore's daughter, Ruth, was an accomplished harpist who would go on to become a member of the Memphis Symphony Orchestra.

Other Current Events in 1957:

- The U.S. Population was 172 million and the average life expectancy was 69.5 years.

- Leonard Bernstein's "West Side Story" debuted on Broadway.

- "Around the World in 80 Days" won the Academy Award for best picture.

- Actor Humphrey Bogart ("Casablanca") died.

- Clarence W. Lillehie and Earl Bakk invented the internal pacemaker.