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106 N Water Street 702, Wilmington, NC 28401
$380,000
Property Type:
Residential
Bedrooms:
1
Baths:
1
Square Footage:
585
Status:
Active
Current Price:
$380,000
List Date:
12/04/2025
Last Modified:
12/04/2025
Description
Stunning Riverfront Condo in the Heart of Historic Downtown Wilmington. Welcome to Water Street Center Condos—ideally positioned in the vibrant heart of Historic Downtown Wilmington and perched directly on the Cape Fear River. Located on the 7th floor of this 9-story building, this unit offers sweeping panoramic views of the water and sits directly across from the iconic Battleship North Carolina. Currently operating as a well established short-term rental with a strong income history, this property is an excellent opportunity for investors, a perfect vacation getaway, or a serene primary residence. Inside, you'll find 585 square feet of thoughtfully designed living space. The updated kitchen features rich dark wood cabinetry, white quartz countertops, and stainless steel appliances—all blending timeless style with modern convenience. The glass doors open to a private balcony, providing breathtaking views of sunsets over the river and front-row seats to fireworks and seasonal festivities. The spacious bedroom easily accommodates a king-size bed. The unit comes fully furnished and stocked—ready for immediate cash flow. The building has two elevators, security cameras and a private parking lot available to owners only. This is one of only a few downtown buildings where the HOA allows vacation rentals. Enjoy the award-winning Wilmington Riverwalk, exceptional dining, charming shops, entertainment and all the amenities that downtown Wilmington has to offer- right outside your doorstep!
More Information MLS# 100535273
Property Interior Info
ud_i_10: 1
Total SqFt - Heated (Primary + Separate): 585
# Rooms: 3
# Baths - Full: 1
# Baths - Half: 0
# Baths - Total: 1
Master Bedroom Level: Non Primary Living Area
Stories: 1
Fireplace Y/N: No
SqFt - Heated (Primary): 585
# Bedrooms: 1
Contract Info
Delayed Marketing?: No
Sub-Type: Condominium
Construction Type: Stick Built
List Price/SqFt: 649.57
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-10-09
Listing Price: 380000
Current Price: $380,000
Location Information
Unit #: 702
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 106
Pre Direction: N
Street Name: Water
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Water Street Center Condo
Geo Lat: 34.237101
Geo Lon: -77.949952
Remarks and Showing
Sign on Property: No
Directions to Property: Building located on Water street between Princess and Chestnut in downtown Wilmington. Entrance is in the back.
Property Exterior Info
New Construction: No
Waterfront: Yes
Waterview: Yes
Location Type: Mainland
Legal & Taxes
Tax Assessed Value: 380100
Deed Book: 6111
Deed Page: 1356
Legal: UNIT 7B WATER STREET CENTER CONDOS
Broker Owner: No
PID: R04720-007-023-074
Tax Identifier: R04720-007-023-074
Plat Book: 0
Plat Page: 0
Special Assessments: None
Tax Year: 2025
Zoning: CBD
HOA: Yes
Cobra Zone: No
School District: New Hanover
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Total Carport Spaces: 0
Other - See Remarks: Owner parking in lot
Parking Features
On Site: 1
Parking Lot: 1
See Remarks: 1
HOA and Neigh Amenities
Cable TV: 1
Elevator(s): 1
Flood Insurance: 1
Maint - Comm Areas: 1
Maint - Grounds: 1
Maintenance Structure: 1
Management: 1
Master Insure: 1
Pest Control: 1
Roof Maintenance: 1
Sewer: 1
Trash: 1
Water: 1
HOA
Association Fee 1/Year: 4800
Association Name: Water Street Center Association
Association Phone: 9107721622
HOA 1 Mgmt. Company: Network Realty
Attic
None: 1
Frontage Type
River: 1
Handicap Accessible
Elevator: 1
View Type
River: 1
Construction
Concrete: 1
Wood Frame: 1
Unit Type
1 Bedroom: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Duke Energy
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Brick: 1
Brick Veneer: 1
Terms
Cash: 1
Conventional: 1
Fencing
None: 1
Foundation
Slab: 1
Patio and Porch Features
Balcony: 1
Covered: 1
Roof
Flat: 1
Membrane: 1
Entry Level Information
Entry Level: 7
Road Type/Frontage
Public (City/Cty/St): 1
Cooling
Central Air: 1
Heated SqFt
400 - 599: 1
Heating
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Utilities
Sewer Connected: 1
Water Connected: 1
Sewer
Municipal Sewer: 1
Water Source
Municipal Water: 1
Appliances/Equip
Built-In Microwave: 1
Dryer: 1
Electric Cooktop: 1
Refrigerator: 1
Washer: 1
Furnished
Furnished: 1
Interior Features
Blinds/Shades: 1
Ceiling Fan(s): 1
Laundry Features
Laundry Closet: 1
Dining Room Type
Kitchen: 1
Rooms
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Legal Taxes
Year Built: 2000
Property Features
Frontage Type: River
Handicap Accessible: Elevator
View Type: River
Attic: None
Construction: Concrete; Wood Frame
Unit Type: 1 Bedroom
Exterior Finish: Brick; Brick Veneer
Fencing: None
Foundation: Slab
Parking Features: On Site; Parking Lot; See Remarks
Patio and Porch Features: Balcony; Covered
Roof: Flat; Membrane
Lot Water Features: None
Cooling: Central Air
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Sewer Connected; Water Connected
Sewer: Municipal Sewer
Water Source: Municipal Water
Furnished: Furnished
Interior Features: Blinds/Shades; Ceiling Fan(s)
Laundry Features: Laundry Closet
Heated SqFt: 400 - 599
Dining Room Type: Kitchen
HOA and Neigh Amenities: Cable TV; Elevator(s); Flood Insurance; Maint - Comm Areas; Maint - Grounds; Maintenance Structure; Management; Master Insure; Pest Control; Trash; Water
Rooms: Kitchen; Living Room; Master Bedroom
Terms: Cash; Conventional
Room Information
Master Bedroom
Living Room
Kitchen
Listing Office:
Intracoastal Realty Corporation
IDX
Last Updated: December - 04 - 2025
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