Michael Phelps and his fiancee, Nicole Johnson, have just scooped up an impressive property in Arizona.

Following his latest Olympic performances, which were the last for the now-retired swimmer, Phelps dropped a whopping $2.5 million on a new home for himself, Johnson and their young son, Boomer.

"After winning a whopping 23 Olympic gold medals over the course of five Olympics, Michael Phelps will retire and spend his days with his family in this 6,010 square-foot mansion just outside of Scottsdale, Arizona," Us Weekly reported on Wednesday. "The $2.5 million real estate purchase features five bedrooms, six and a half bathrooms, four fireplaces, a resort-style pool and a hot tub."

While Phelps initially planned to rent a house in Arizona as he trained for his final Olympic games, he ended up falling in love with the area and rather than return to Baltimore, where his family and friends reside, he chose to remain in Arizona and purchase a home where he and Johnson would raise their child.

“Our backyard looks right at Camelback Mountain,” he said of his home during an interview with The New York Times months ago. “You go outside in our backyard and we have orange and tangerine and lemon and lime and peach and apple — all these different fruit trees growing in our backyard.”

Now that Phelps is retired, he's focused on his life at home with his family and in a few months, he and Johnson are set to tie the knot.

Tags: michael phelps Nicole Johnson