Michael Phelps Buys 1.69 Million Dollar Baltimore Condo
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Gold medal winning swimmer Michael Phelps has taken the plunge and purchased a condo in Baltimore, Maryland. The price tag for Phelp’s home comes in at a cool 1.69 million dollars but he is getting his money’s worth. The condo is a reported 4,020 square feet overlooking the Baltimore harbor.
According to TMZ.com the condo has:
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 think that the Olympics are an amateur competition think again. The benefit of all of the sponsorship opportunities for Phelps is reported to be 3–5 million for just this year.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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Pingback by Internet Marketing for Real Estate » Bringing the Olympics home: 5 blog post ideas for Local. on 25 August 2008:
[...] a small tidbit of news/gossip, The Real Estate Bloggers, lets us know about Olympic hero Michael Phelps’ recent condo purchase. Olympic content? Check. Local information? [...]
Comment by Seanster on 3 October 2008:
This recent purchase is not surprising.