Dennis Turner - WREG
HORN LAKE, Miss. — Elvis Presley once owned the property at Goodman Road and highway 301, and honeymooned in May 1967 with his wife Priscilla there.
It’s been the subject of speculation by developers for years, but now it’s been sold and everybody is waiting to hear about the future plans for this land.
Several years ago, developers announced big plans for a couple of different projects here, but none ever happened.
Horn Lake’s Mayor says the property always had potential.
”It’s just been a diamond in the rough,” said Mayor Allen Latimer.
But late Tuesday, he learned the McLemore family sold the more than 200 acres to investors led by Mississippian Devage "Buddy" Runnels Junior.
For now, the new owners aren’t saying anything about their plan for the property. But Horn Lake leaders say whatever it is represents a vital part of Horn Lake’s future.
Runnels’ company Real Estate International is known for its planned communities in the Destin area. Horn Lake leaders hope they see something similar.
”It will attract people from all over the world. It will hopefully be a upscale development and give people jobs and provide a tax base,” said Latimer.
People who live nearby say they’re glad to finally see some change in the property.
The developers have a website and say they plan to make an announcement about the property’s future soon.