Elvis bought Graceland in March of 1957 for $102,500. Back then, the house was set on 13.8 acres with 10,266 sq. feet of living space. Today, Graceland is 17,552 sq. feet and features 5 sets of stairs and 3 fireplaces. The Presley family moved in on May 16, 1957, but Elvis was busy shooting “Jailhouse Rock,” so he did not spend his first night at his new home until June 26, 1957. Elvis had the iconic music gates installed on April 22, 1957.