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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