Just call it “Phelps Point”

Maybe it’s becoming chic to move to Baltimore.

This spring, Charm City welcomed the newlyweds Jenna Bush and Henry Hager to a $440,000 rowhome in Federal Hill.

But the presidential offspring’s move-in is officially old news now that Michael Phelps has bought a waterfront condo for a $1.69M in Fells Point. The pad reportedly boasts a pool (not Olympic-sized, unfortunately), a jacuzzi and 4,080 square feet.

Phelps has already spent a lot of his newfound gold: the swimmer bought the Meadowbrook Swim Club & Northwest Ice Rink this week, with the intention of turning it into an Olympic training center with coach Bob Bowman.

Before he moves in, though, he’ll need to clean out his place in Ann Arbor.