$380,000

106 N Water Street 702, Wilmington, NC 28401

1 bed |
1 bath |
585 sqft

Condominium
Built in 2000
—— sqft lot
—— car garage
$650/sqft
Listed 5 months ago

Property 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!

Listing Status:: Active
Date Added:: December 4, 2025
Data Last Updated:: March 26, 2026 at 3:17PM
Listing Office:: Intracoastal Realty Corporation : 910-769-8290
MLS ID:: 100535273

General: ElevatorCeiling Fan(s)Blinds/Shades
Master Bedroom: Non Primary Living Area
Appliances: Electric CooktopBuilt-In MicrowaveWasherRefrigeratorDryer
Laundry: Laundry Closet
A/C: Central Air
Heating: ElectricHeat PumpElectric
Disability Feature: Accessible Elevator Installed

Other Structures: BalconyCovered
Parking: Parking LotSee RemarksOn SiteParking spaces: 0

Roofing: MembraneFlat
General: ConcreteBrickBrick VeneerWood FrameOneSlab

Road/Access: City StreetState RoadRiver
HOA Amenities: Roof MaintenanceElevator(s)Flood InsuranceMaintenance Common AreasMaintenance GroundsMaintenance StructureManagementMaster InsurePest ControlSewerTrashWaterCable TV4800.0Annually
Originating MLS: Hive MLS
School District: New Hanover
County: New Hanover

Zoning: CBDUNIT 7B WATER STREET CENTER CONDOSR04720-007-023-074
View: River
Fencing: None

Utilities: Sewer ConnectedWater Connected
Water: Public
Sewer: Municipal Sewer

Source: Hive MLS

This listing courtesy of Intracoastal Realty Corporation

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Annie H Snipes Academy of Arts & Design

2150 Chestnut St, Wilmington, NC, 28405

Grades KG-5

1.70 miles away

Williston Middle School

401 S 10th St, Wilmington, NC, 28401

Grades 6-8

0.95 miles away

New Hanover High School

1307 Market St, Wilmington, NC, 28401

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.