Construction on the three-bedroom homes, with space ranging from 1,400 to 1,500 square feet, is to start in the spring of 1998.
Over the years, Presley bought her four cars and a three-bedroom home.
Typically, a three-bedroom home with a view and within walking distance to the beach will cost from $260,000 to $400,000.
The payment would be $225 a month on a $35,000 mortgage for a three-bedroom home worth $70,000, he said.
He said prices for typical new three-bedroom homes in the region range from $86,000 to $92,000.
The two- to three-bedroom homes are selling for $159,900 to $231,900.
A three-bedroom home near the lake and in need of repair is priced at $145,000.
Prices for the three-bedroom homes will start at $1.5 million, he said.
Most of their lives, the large family made do in three-bedroom homes.
Like many Americans, my family of four enjoys living in a three-bedroom home.
