Development sources tell GlobeSt.com the property hasmultifamily conversion potential if it isn't sold as asingle-family residence. The home took a year to build and wouldcost an estimated $1 million in today's dollars, constructionindustry estimators tell GlobeSt. com.
The asset has a full bath in each of the six bedrooms; twogarages large enough to house three cars; a swimming pool shapedlike a blue guitar; a whirlpool that looks like tuning keys; andtwo acres of a wooded backyard.
The two-story property is off Hiawassee Road in the Hyland Oaksneighborhood of Pine Hills. Presley died at his Memphis mansionAug. 16, 1977.
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