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.