Michael Phelps’ gold medals don’t guarantee property win

Michael Phelps is finding that being the most decorated Olympian of all time doesn’t necessarily help you in real estate.

The popular swimmer’s 4,000-square-foot condo along Baltimore’s popular Inner Harbor area lingered on the market for several months before reportedly being sold for $440,000 less than what he originally paid for it.

The three-bedroom, four-floor condo “loft” features hardwood floors, 2.5 baths, granite countertops, and floor-to-ceiling windows with waterfront views.

Phelps purchased the condo in 2007 for just under $1.7 million. The condo was listed recently for $1.42 million.

The property reportedly just recently went under contract for $1.25 million.