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Your Mama Hears…

…that rock and roll scion, and ex-Mrs. Michael Jackson, Lisa Marie Presley runs a celebrity flop house up in Summit Circle, an exclusive guard gated community located high in the hills of Beverly.

All the celebrity real estate freaks out there will recall that The Summit is where Gwen Stefani and Gavin Rossdale recently purchased a mammoth modern house once owned by Jennifer Lopez who owned this house back when she still wanted the world to call her JLo.

Other residents in The Summit include Holly Robinson Peete, Ed McMahon, and the perplexing and perpetually troubled single mommy Britney Spears, all of whom have recently had their houses on the market.

A well connected source tells Your Mama that Presley’s most recent high profile temporary tenant is none other than Australian actress and red carpet fashion maverick Cate Blanchett along with hubby Andrew Upton and their two kiddies. We understand the family moved their belongings into the 5,000+ square foot house only last week.

But Cate is hardly the only celebrity tenant who has shelled out rent to Lisa Marie. Two sources confirm that other big name renters have included Shaquille O’Neal and tennis great Pete Sampras. We were also told this is the same house the McMahons leased when they were having deadly mold removed from their current residence.

We haven’t a clue why Presley would own a luxury house in a gated community that she rents out to the rich and famous. But if Your Mama has said it once, we’ve said it a thousand times, celebrities are capricious and fickle about their real estate doings. There is simply no sense in trying to make sense of what they do with the real estate.

Whatever the case, Your Mama wishes the Blanchett/Upton family all the happiness in the world in their temporary home.

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