106 N Water St Unit 702 Wilmington, NC 28401
Estimated payment $2,608/month
Highlights
- Waterfront
- Balcony
- Resident Manager or Management On Site
- Covered Patio or Porch
- Living Room
- 3-minute walk to Riverfront Park
About This Home
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!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,321
Year Built
- Built in 2000
HOA Fees
- $400 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Wood Frame Construction
- Membrane Roofing
- Concrete Siding
- Stick Built Home
Interior Spaces
- 585 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Blinds
- Living Room
- Water Views
- Pest Guard System
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Parking
- On-Site Parking
- Parking Lot
Outdoor Features
- Balcony
- Covered Patio or Porch
Schools
- Snipes Elementary School
- Williston Middle School
- New Hanover High School
Utilities
- Heat Pump System
- Co-Op Water
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- Waterfront
- Flood Insurance May Be Required
Listing and Financial Details
- Assessor Parcel Number R04720-007-023-074
Community Details
Overview
- Master Insurance
- Water Street Center Association, Phone Number (910) 772-1622
- Water Street Center Condo Subdivision
- Maintained Community
Security
- Resident Manager or Management On Site
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $2,321 | $253,700 | $0 | $253,700 |
| 2022 | $2,321 | $253,700 | $0 | $253,700 |
| 2021 | $2,310 | $253,700 | $0 | $253,700 |
| 2020 | $2,163 | $192,500 | $0 | $192,500 |
| 2019 | $2,163 | $192,500 | $0 | $192,500 |
| 2018 | $2,163 | $192,500 | $0 | $192,500 |
| 2017 | $2,163 | $192,500 | $0 | $192,500 |
| 2016 | $2,133 | $192,500 | $0 | $192,500 |
| 2015 | $2,039 | $192,500 | $0 | $192,500 |
| 2014 | $1,952 | $192,500 | $0 | $192,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/09/2025 10/09/25 | For Sale | $380,000 | +90.0% | $650 / Sq Ft | |
| 12/28/2017 12/28/17 | Sold | $200,000 | -13.0% | $342 / Sq Ft | View Prior Sale |
| 11/26/2017 11/26/17 | Pending | -- | -- | -- | |
| 06/02/2017 06/02/17 | For Sale | $230,000 | +24.3% | $393 / Sq Ft | |
| 07/30/2015 07/30/15 | Sold | $185,000 | -2.6% | $319 / Sq Ft | View Prior Sale |
| 07/07/2015 07/07/15 | Pending | -- | -- | -- | |
| 02/25/2015 02/25/15 | For Sale | $189,900 | -- | $327 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $185,000 | -- | |
| Warranty Deed | $185,000 | None Available | |
| Deed | $180,000 | -- | |
| Deed | $150,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional |
Source: Hive MLS
MLS Number: 100535273
APN: R04720-007-023-074
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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