The Real Deal New York

Intelligence reports reveal a shocking price chop at Tom Clancy’s penthouse

The Ritz Carlton apartments first hit the market for $12M; they are now asking $8.7M

May 29, 2016 03:00PM

Tom Clancy (credit: Gary Wayne Gilbert -via Wikipedia) and his apartment (credit Homevisit)

Tom Clancy (credit: Gary Wayne Gilbert -via Wikipedia) and his apartment (credit Homevisit)

The home of the late writer of military thrillers, Tom Clancy, has just a received dramatic price chop.

Last fall, Clancy’s Baltimore penthouse hit the market asking $12 million. That ask was later slashed to $10.9 million. Now, the home of the “Clear and Present Danger” author is asking just $8.7 million, Shawn Breck of TTR Sotheby’s International Realty told the Wall Street Journal.

Tom’s widow, Alexandra Clancy, is planning to move out of the penthouse soon and “it’s time to make something happen,” Breck told the Journal.

The 12,000-square-foot, five-bedroom penthouse, located at the Ritz-Carlton Residences in Baltimore’s Inner Harbor, is actually a combination of four apartments. The Clancys purchased the three initial units in 2009 for $12.6 million, which was a record at the time.

The following year, they purchased another three for $4 million. Four of those six apartments were combined to create the current listing. The remaining two units are currently rents and are not for sale [WSJ] –Christopher Cameron

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