Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt.
Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported.
Variety said that the home sold for even more than that, with a buyer agreeing to pay $5.5 million. Thats not only over the asking price, but far more than the $245,000 Presley paid for it in 1976.
The home covers 232 square metres, with four bedrooms and three bathrooms. It was built in the late 1940s and billed as a major fixer in the listing because it is considerably outdated.
Presley reportedly never lived in the home herself. Instead, her mother, Ann Lillian Wagner-Beaulieu, called it home,…