Ordered $L1_0$ to FePt nanoparticles are strong candidates for high density magnetic data storage media because the $L1_0$ phase FePt has a very high magnetocrystalline anisotropy $(K_u{sim}6.6-10{ imes}10^7erg/cm^3)$, high coercivity and chemical stability. In this study, the ordered $L1_0$ FePt nanoparticles were successfully fabricated by chemical vapor condensation process without a post-annealing process which causes severe particle growth and agglomeration. The $Fe_{50}Pt_{50}$ nanopowder was obtained when the mixing ratio of Fe(acac) and Pt(arac) was 2.5 : 1. And the synthesized FePt nanoparticles were very fine and spherical shape with a narrow size distribution. The average particle size of the powder tended to increase from 5 nm to 10 nm with increasing reaction temperature from $800^{circ}C$ to $1000^{circ}C$. Characterisitcs of FePt nanopowder were investigated in terms of process parameters and microstructures.