Every January, thousands of Elvis fans make the trek to Graceland to celebrate The King's birthday with four days of events. If you're one of the many planning to honor the American legend with a trip to his Memphis, Tennessee abode, study up on the iconic Southern mansion with this list of things you may not have known about Elvis Presley's Graceland. Every January, thousands of Elvis fans make the trek to Graceland to celebrate The King's birthday with four days of events. If you're one of the many planning to honor the American legend with a trip to his Memphis, Tennessee abode, study up on the iconic Southern mansion with this list of things you may not have known about Elvis Presley's Graceland. Elvis Bought the Mansion When He Was Only 22 The King purchased Graceland in 1957 for $102,500, which equals about $900,000 in today's money. It's Second Only to the White House ...in visitors that is. Graceland, which was named a National Historic Landmark in 2006, is the second most visited home in the United States with over 700,000 visitors a year. Only the White House has more visitors. The Name Graceland Comes From the Original Owners The name "Graceland" will forever be associated with Elvis, but the King didn't actually name the property. The mansion was named by the family who originally owned the property, The Moores. Presley purchased Graceland from Mrs. Ruth Brown Moore, who named the property after her aunt, Grace Toof. Elvis Ran a $500 a Week Grocery Bill We all know about the King's love of fried peanut butter and banana sandwiches, but People reports that the superstar also required his pantry and fridge to be stocked with. Among the items Elvis required at all times: a case of Pepsi, six cans of biscuits and sauerkraut. The Upstairs is Forbidden to the Public Though much of the 17,500 square-foot Graceland property is open to the public, there is one portion that isn't. The master suite on the second floor is blocked fro