Will Lisa Marie Presley's Daughters Inherit Graceland?

tcl chinese theatre hosts handprint ceremony honoring priscilla presley, lisa marie presley and riley keough
The History of Elvis Presley's Graceland EstateAxelle/Bauer-Griffin - Getty Images

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Elvis Presley's Graceland will always be a buzzy destination. Memphis saw a huge increase in tourism when Graceland was opened to the public in 1982. Not only did the attraction draw crowds from all across the country, but the mansion and surrounding grounds have actually attracted visitors from nearly every country in the world.

So, Elvis fans, before you plan a trip to the iconic property, here are all of the answers to your most pressing questions—including why you should visit, how much it costs, and where you should stay. Plus, dive into the history of the estate—from how much Elvis purchased it for to who owns it today. (And if you're curious about Elvis's other previous homes, like his possibly haunted Hollywood apartment or his iconic Palm Springs honeymoon house, we have you covered.)

elvis presley at graceland
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Who owned the Graceland mansion originally?

Graceland was built on 500 acres of farmland in Memphis, Tennessee, owned by the S.E. Toof family for generations and named after Grace, a member of the family. In 1939, "Grace's niece, Ruth Brown Moore, and her husband, Dr. Thomas Brown Moore, built the mansion, which became well-known to the locals of Memphis," according to the estate's official website.

Ruth was a harpist with the Memphis Symphony Orchestra, so classical recitals were common in the front formal rooms.

Why is it so special?

Aside from being beautiful, Graceland was known as Elvis Presley's home after he purchased it from the Moores in the spring of 1957—when he was just 22 years old—for a bit more than $100,000. With inflation, that price tag is the equivalent of more than $1 million today. That same year, the King of Rock 'n' Roll skyrocketed to super-stardom making historic network television appearances, giving record-breaking live performances, and receiving armloads of gold record awards.

What happened after Elvis?

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On August 16, 1977, Elvis died at Graceland, leaving his father, Vernon Presley, as executor and trustee. His beneficiaries were his grandmother, father, and only child, Lisa Marie Presley. Lisa Marie personally owned Graceland and her father's personal effects. Since her sudden and tragic passing in January 2023, the fate of the property is up in the air. Shortly after her passing, a representative for Graceland confirmed to People that the property will benefit Lisa Marie's three daughters Riley Keough, 33, and twins Harper and Finley Lockwood, 14. Lisa Marie’s mother, Priscilla Presley, challenged the will with a petition. In the petition, she specifically questioned a 2016 amendment that replaced her as a co-trustee with Riley and her late brother Benjamin Keough.

Prior to inheritance changes, Graceland was opened to the public for tours in 1982. Proceeds were meant to cover the cost of more than half a million dollars a year in maintenance and taxes. The estate has hosted millions of visitors since and typically makes $10 million annually, Forbes reports. In 2020, the entire Presley estate, including Graceland, was estimated to be worth between $400 to $500 million, according to Rolling Stone.

What can I do there?

elvis week in memphis
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Explore the Mansion

Tour the living room, his parents' bedroom, the kitchen, TV room, pool room, the famous Jungle Room, his father's office, the Trophy Building, the Racquetball Building, and the Meditation Garden of the Graceland Mansion via an interactive iPad tour hosted by John Stamos, with commentary and stories from Elvis's daughter, Lisa Marie.

Visit Elvis the Entertainer Career Museum

Learn about Elvis's career with the help of hundreds of artifacts and photos from his life.

Visit Presley Motors Automobile Museum

Check out his iconic Pink Cadillac and more of his favorite automobiles.

Visit Various Exhibits

Explore the themed discovery spaces that showcase Elvis’s influences and important parts of his life—from the Graceland archives experience to the new movie exhibition about the making of Baz Luhrmann's Elvis.

Check Out Elvis's Airplanes

Tour Elvis's customized airplanes, including the Lisa Marie and the Hound Dog II.


Taste the flavors of Memphis at one of Graceland's dining experiences, including Vernon's Smokehouse and Gladys's Diner.


Purchase souvenirs from "the largest collection of Elvis merchandise in the world."

How much do tickets cost?

Depending on the experience you are looking to have at Graceland, ticket prices range. For adults, costs start at about $50 for Graceland Mansion access to $215 for Ultimate VIP Tour packages (per person).

Where should I stay?

Of course, if you'd like to eat, play, and sleep at Graceland, you can! The Guest House at Graceland is located just a few steps from the gates of Graceland Mansion. The resort hotel is inspired by the same warm Southern hospitality that Elvis Presley always showed his guests.

Shop Now The Guest House at Graceland

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