Photo courtesy of Cummings & Co. Realtors

Tom Clancy’s former condo at the Ritz Carlton just got a price reduction and a new listing agent.

The price for the penthouse unit started at $12 million in October 2015, which is $600,000 less than the record $12.6 million figure the novelist paid for it in 2009.

Clancy’s residence at 801 Key Highway — which is actually three penthouse units combined into one — went on the market after his death in 2013 at age 66. It was listed for the Clancy estate by TTR Sotheby’s International Realty.

In February 2016, TTR Sotheby’s dropped the price to $10.9 million. When it was still available in May 2016, the price was reduced to $8.7 million.

Now the price is $7.9 million, and the new listing agent is Angel Stevens and her team at Cummings & Co. Realtors.

Stevens said she adjusted the price and she believes it reflects what the property is worth. She said it technically would be possible to take the residence back to three penthouse units and sell them that way, but the sellers haven’t wanted to do that.

“It’s an amazing property. It’s priced really well,” she said. “People laugh when I say this, but it’s really a steal for what it is. It has the best views of the Inner Harbor.”

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Ed Gunts

Ed Gunts is a local freelance writer and the former architecture critic for The Baltimore Sun.