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Phelps -- Now a Real Homie

8/21/2008 2:15 PM PDT 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.

49 COMMENTS

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46.

Chuck    

What ever happened to Olympic athletes all having to certify that they were unpaid amateurs? ::Sigh::

2162 days ago
47.

Sue in NC    


As far as the "head line" .... "Practicing in that pool isn't going
to win him any medals"
Come off your crack - pipe! I am sure "practicing" wasn't the
intention of the purchase!
If the boy doesn't win another gold in his life time.... he's
represented the United States well in the
last 8 years!
Michael, I applaud you! Job well done, enjoy your new place!

2159 days ago
48.

At a loss...    

What a joke... Where are our priorities? 3 to 5 Million for a swimmer... NO ATHLETE, I REPEAT, NO ATHLETE SHOULD BE WORTH THAT MUCH...

2159 days ago
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