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Elvis Presley's Widow Priscilla Reportedly Sells $3.8 Mansion to Help Daughter Cope with Mounting Debt

Bettina Dizon
Jun 03, 2019
11:09 P.M.
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Priscilla Presley recently sold her Los Angeles mansion to pay off her daughter, Lisa Marie Presley’s $16.7 million debt amid divorce with her fourth husband and legal case with her manager.

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Elvis Presley’s 72-year-old widow, Priscilla Presley, reportedly sold her mansion in Los Angeles earlier in May for $3.65 million, which was responded to within ten days. The estate was bought for $3.8 million, $150,000 over the supposed selling price.

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THE BEAUTIFUL ESTATE

The single-story Presley estate stood since 1949 with an area of about 2,500 square feet at a corner lot. The residence has four bedrooms and three bathrooms, a fireplace, and a kitchen which opens to a dining area by the patio.

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The ranch-style Brentwood L.A. mansion also features a swimming pool surrounded by a concrete patio and a lawn filled with trees. Although the home is outdated, it has been well kept over the years.

Records show Presley bought the property for $170,000 in 1976 but never lived there herself and instead stayed in a Mediterranean-style home in Beverly Hills. Her mother, Ann Lillian Wagner-Beaulieu, occupied the mansion.

Released on August 10, she and Elvis sang “Where No One Stands Alone” in a featured track in “The King’s” latest album full of gospel music.

LISA MARIE VS SEIGEL

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The estate was reportedly sold to help Presley’s daughter, Lisa Marie, 51, pay off her mounting debt which built in the previous years. The singer is facing a divorce with her fourth husband, Michael Lockwood, who asked her to pay $100,000 in attorney’s fees.

Lisa Marie Presley in black. | Source: Getty Images

Lisa Marie Presley in black. | Source: Getty Images

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However, Lisa Marie claimed to have a $16.7 million debt filed in court a month before, due to her manager, Barry Seigel’s Provident Financial Management mishandling her finances and growing credit card bills.

Lisa Marie took action and charged Seigel for allegedly spending her $100 million fortune by putting 85 percent of her share in Elvis Presley Enterprises for auction, leaving her with only $14,000.

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Seigel did not admit to any accusations and pointed fingers at Lisa Marie’s lavish lifestyle and her choice to live beyond her means, according to Forbes.

A FATHER-DAUGHTER DUET

Lisa Marie takes from Elvis a majestic voice which she shared in a duet song with her father that debuted mid last year. Released on August 10, she and Elvis sang “Where No One Stands Alone” in a featured track in “The King’s” latest album full of gospel music.

“This was his favorite genre -- no question about it,” Lisa Marie shared in the notes. “He seemed to be at his most passionate, and at peace while singing gospel. He would truly come alive -- whether he was singing just for himself and me at home, or on stage in front of thousands of fans.”

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