118 Water St Unit 123 Des Moines, IA 50309
Downtown Des Moines NeighborhoodEstimated payment $2,968/month
Highlights
- Traditional Architecture
- Patio
- Tile Flooring
- Shades
- Security Service
- Forced Air Heating and Cooling System
About This Home
Experience elevated living in this beautifully updated riverfront condominium, ideally located in the heart of downtown. This elegant Water Street Brownstone offers sophistication and comfort throughout. The bright, open-concept kitchen showcases a sleek stainless-steel backsplash, premium appliances, granite countertops, and a quartz island—perfectly complemented by luxury vinyl plank flooring and modern fixtures. A gas stove, under-cabinet lighting, and abundant cabinetry make this kitchen both stylish and functional. The spacious living room features a cozy gas fireplace, custom built-ins, and a vintage wood mantel. Tall windows flood the space with natural light. The primary suite includes newer flooring and dual walk-in closets, leading to a spa-inspired ensuite bath. Indulge in a beautiful tiled shower with rain-flow showerhead, handheld wand, and body sprays. Floating vanities, a heated towel rack, and an oversized air-jet tub complete the retreat. The second bedroom offers private balcony access. The guest bath has a beautifully tiled shower and a contemporary concrete sink. Enjoy direct street access from your front door and relax on the patio with views of the Capitol, East Village, and Riverwalk. The heated underground garage includes two dedicated parking spaces. Walk to your favorite restaurants, Civic Center, Principal Park, or the Court Avenue Farmers Market—or hop on the nearby trail for a scenic ride. Set a time to see this exceptional downtown residence.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,760
Year Built
- Built in 2002
HOA Fees
- $599 Monthly HOA Fees
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Block Foundation
- Rubber Roof
Interior Spaces
- 1,535 Sq Ft Home
- Gas Fireplace
- Shades
- Drapes & Rods
- Dining Area
- Unfinished Basement
Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
Parking
- 1 Car Attached Garage
- Driveway
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Municipal Trash
Listing and Financial Details
- Assessor Parcel Number 02002694010000
Community Details
Overview
- Sentry Management Association, Phone Number (515) 222-3699
Recreation
- Snow Removal
Pet Policy
- Breed Restrictions
Security
- Security Service
- Fire and Smoke Detector
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 |
|---|---|---|---|---|
| 2025 | $6,140 | $312,100 | $15,900 | $296,200 |
| 2024 | $6,140 | $312,100 | $15,900 | $296,200 |
| 2023 | $6,604 | $312,100 | $15,900 | $296,200 |
| 2022 | $6,554 | $280,200 | $14,300 | $265,900 |
| 2021 | $6,910 | $280,200 | $14,300 | $265,900 |
| 2020 | $7,172 | $288,800 | $14,700 | $274,100 |
| 2019 | $7,008 | $288,800 | $14,700 | $274,100 |
| 2018 | $6,928 | $272,500 | $13,900 | $258,600 |
| 2017 | $6,436 | $272,500 | $13,900 | $258,600 |
| 2016 | $6,262 | $249,700 | $12,700 | $237,000 |
| 2015 | $6,262 | $249,700 | $12,700 | $237,000 |
| 2014 | $42 | $253,500 | $12,900 | $240,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/13/2025 10/13/25 | Pending | -- | -- | -- | |
| 10/01/2025 10/01/25 | For Sale | $345,000 | -6.3% | $225 / Sq Ft | |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- | |
| 04/19/2021 04/19/21 | Sold | $368,000 | +3.7% | $240 / Sq Ft | View Prior Sale |
| 03/05/2021 03/05/21 | For Sale | $354,900 | -- | $231 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $368,000 | None Available | |
| Warranty Deed | $278,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $331,200 | New Conventional | |
| Previous Owner | $279,000 | Fannie Mae Freddie Mac |
Source: Des Moines Area Association of REALTORS®
MLS Number: 727443
APN: 020-02694010000
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