The Rich Life!
Phelps -- Now a Real Homie

Posted Aug 21st 2008 1:15PM by TMZ Staff

Michael Phelps has plunked down $1.69 million for a condo on the waterfront in Baltimore, Md. Here's the headline -- practicing in that pool ain't gonna win him any medals.

His new pad is 4,080 sq. ft. (check out the model in the photos). The complex has a rooftop terrace, a private screening room, a state of the art gym, a clubhouse with pool tables.

If you're wondering where the money came from, Phelps was projected to earn between three and five mil this year even before the gold.

Filed under: The Rich Life, Michael Phelps


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1. USA! USA!

Posted at 1:30PM on Aug 21st 2008 by tkennedy

2. gorgeous, gorgeous, gorgeous, I know exactly where this is. Even though I heard he purchased a town home in Baltimore City. not a condo. but who knows.

Posted at 1:32PM on Aug 21st 2008 by Melissa

3. WAY TO GO PHELPS! "GOLDEN BOY"
YOU EARNED IT

Posted at 1:58PM on Aug 21st 2008 by meme

4. Why would anyone want to live in MD?

Posted at 2:02PM on Aug 21st 2008 by Aunt Flo

5. He earned it, so good for him. But why a condo and not a house? No matter how expensive the condo is, it is still a condo in a building with a bunch of other people and are at their mercy, not to mention unbelievable condo fees.

Way to go Michael. Now if he needs a good foot masseuse for those sweet size 14 feet let me know. I give the best foot massage around.

Posted at 2:10PM on Aug 21st 2008 by Tony

6. Because maryland is a gorgeous State, I guess you have never been here.

Posted at 2:11PM on Aug 21st 2008 by jill

7. Good for him! If that condo is new, the builder should GIVE it to him for all the publicity his living there will bring them. I can't imagine that the Baltimore condo market is that hot...certainly not as hot as Michael Phelps!!

Posted at 2:11PM on Aug 21st 2008 by Linda

8. aunt Flo aka period, Of course he wants to live in Maryland, he grew up there, his family is there, his friends are there. why would he make a home somewhere else away from the people he loves?

Posted at 2:16PM on Aug 21st 2008 by tina

9. maryland has some beautiful areas, just like virginia! very beautiful! wow, what a place he's got!

Posted at 2:40PM on Aug 21st 2008 by midi

10. The kid is good, but he can't even articulate!!!
I watch/read TMZ because it typically makes fun of Hollywood and its overabundance. It humors me.
However,
The long known question...
Why is it only stars and athletes make this kind of money????
It disgusts me.
And don't bother replying to this, I won't answer back. You have your opinion, and I have my own.

Posted at 2:52PM on Aug 21st 2008 by Kim

11. I'm sure the other condo owners are going to LOVE the swarms of fans, photogs, journalists etc.
He will probably not even be there the majority of the time. Eventually this hysteria will pass and he will be able to enjoy it.

Posted at 3:06PM on Aug 21st 2008 by Jane

12. I bet The Crescent is THRILLED about all of this publicity! The condo building (which was finally turned into luxury apartments after there were NO sales) is barely at 50% and I think he bought one of the 2 townhomes that have sold out of, like, 8 or 9. This should boost their business quite a bit.

Anyway, happy to have him in Fells Point!

Posted at 3:26PM on Aug 21st 2008 by kamo

13. Listed as an absentee owner on the tax record.. the mailing address is back to pinnacle drive in McLean near where his father works

Posted at 3:43PM on Aug 21st 2008 by BK

14. Baltimore? Seriously...Baltimore...someone paid a million bucks for something in...Baltimore? he is hot though...does he have a girlfriend or is she a beard?

Posted at 3:59PM on Aug 21st 2008 by spencer

15. Totally amazing, and he earned every bit of it by himself.

Posted at 4:05PM on Aug 21st 2008 by cm

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