Phelps -- Now a Real Homie

Michael Phelps has plunked down $1.69 1000000 for a condo on the waterfront in Baltimore, Md. Here's the headline -- practicing in that pool ain't gonna make headway 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.




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