The price of Elvis Presley's famed Palm Springs getaway can't help falling.

From an initial asking price of $9.5 million in 2014, the house where Presley and wife Priscilla honeymooned after their 1967 Las Vegas wedding has declined to an asking price of $3.26 million in a new listing touted this week. The Vista Las Palmas house has been on and off the market since at least 2014.

Designed by midcentury architect William Krisel and built in 1960, the house boasts an octagonal master bedroom, a swimming pool, five bedrooms and five bathrooms. The property, dubbed the "House of Tomorrow," remains a go-to stop for architecture lovers visiting Palm Springs.

Listing agent Scott Histed with Bennion Deville Homes said the house attracted two purchase offers as soon as it was listed in July. Neither offer panned out, though, so Histed is hopeful potential buyers will survey the 5,000-square-foot home during the Modernism Week preview in October.

“There’s nothing like it in Palm Springs,” Histed said, adding that the property “is priced now to sell.”

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The house at 1350 Ladera Circle was listed for $9.5 million in April 2014. Since then, the home’s asking price has wilted, dropping to a third of its original price tag in July.

Amy DiPierro covers real estate and business news at The Desert Sun in Palm Springs. Reach her at amy.dipierro@desertsun.com or 760-218-2359. Follow her on Twitter, @amydipierro.