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106 N Water Street #702

Wilmington, NC 28401
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Bed 1

Bed

Bath 1

Bath

SqFt585

Sqft

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!

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Detail Ic Property Details

Property Type : Residential

Price : $375,000

AD Id : 67399270

MLS Id : 100535273

Beds : 1

Living Area Size : 585

Year Built : 2000

County : New Hanover

Subdivision: Compass Pointe

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Feature Features

  • Bedroom Information

    Total beds: 1

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 3
  • Roofing Information

    Membrane, Flat
  • Interior Features

    Elevator, Ceiling Fan(s) Roof: Membrane, Flat Appliances: Electric Cooktop, Washer, Refrigerator, Dryer, Microwave, Electric Water Heater Laundry Features: Laundry Closet Window Features: Window Coverings
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air Water front: 1

  • Building Information

    Year Built: 2000 Building Area Total: 585 Construction Materials: Concrete, Brick, Brick Veneer, Frame Stories: 1 Patio And Porch Features: Covered Private Pool: No View: River Association Fee Frequency: Annually
  • Exterior Features

    Exterior Features: Balcony

  • Property Information

    Subdivision: Water Street Center Condo Source Property Type: Residential Property SubType: Condominium Levels: One Property Age: 26

  • Listing Price Information

    Listing Price: $375000 Original Price: $380000 Cash, Conventional

  • Tax Information

    Parcel Number: R04720-007-023-074 Tax Year: 2025 Annual Tax: $1163.11

  • Parking Information

    Parking Lot, See Remarks, On Site
    Homeowners Association Information
    Has Association: Yes HOA: $4,800.00 Association Amenities: Elevator(s), Maintenance Grounds, Maintenance Structure, Management, Trash, Water, Cable TV

  • School Information

    Elementary School: Snipes
    Junior High School: Williston
    Senior High School: New Hanover
  • Utility Information

    Sewer Connected, Water Connected
  • Location Information

    Direction: Building located on Water street between Princess and Chestnut in downtown Wilmington. Entrance is in the back. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
506 Wooster Street, Wilmington, NC, 28401 $219,900 2 1 1,188 1,188 SqFt
405 S 6th Street #4, Wilmington, NC, 28401 $409,000 3 2 1,335 1,335 SqFt
405 S 6th Street #3, Wilmington, NC, 28401 $409,000 3 2 1,335 1,335 SqFt
614 Peacock Lane #APT 1, Wilmington, NC, 28401 $460,000 2 2 1,045 1,045 SqFt
418 S 3rd Street #A, Wilmington, NC, 28401 $399,900 2 2 1,080 1,080 SqFt
619 N 4th Street #APT 103, Wilmington, NC, 28401 $280,000 1 1 697 697 SqFt
619 N 4th Street #UNIT .., Wilmington, NC, 28401 $367,000 2 2 975 975 SqFt
709 N 4th Street #STE 303, Wilmington, NC, 28401 $275,000 1 1 720 720 SqFt
709 N 4th Street #STE 205, Wilmington, NC, 28401 $379,900 2 2 1,129 1,129 SqFt
709 N 4th Street #STE 105, Wilmington, NC, 28401 $395,000 2 2 1,123 1,123 SqFt

The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. 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 ByOwner 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. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 06/21/2026 @ 00:11

MLS: 100535273 LISTED BY: Lauren Mintz, Intracoastal Realty Corporation SOURCE: Hive MLS (North Carolina Regional)

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