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Active
$375,000 Est. $2,984/mo — Get pre-qualified
1beds 1baths 585sq ft

106 N Water Street # 702 · Wilmington, NC 28401

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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!

Features & Amenities

Living Area585 Sq.Ft.
Bedrooms1
Baths1
HeatingElectric, Heat Pump
CoolingCentral Air
FireplaceNo
AppliancesElectric Cooktop, Built-In Microwave, Washer, Refrigerator, Dryer
Interior FeaturesElevator, Ceiling Fan(s), Blinds/Shades
LaundryLaundry Closet
StyleCondominium
Year Built2000
ConstructionConcrete, Brick, Brick Veneer, Wood Frame
RoofMembrane, Flat
FoundationSlab
ParkingParking Lot, See Remarks, On Site
StatusActive
SubdivisionWater Street Center Condo
CountyNEW HANOVER
Last UpdatedOct 9, 2026
UtilitiesSewer Connected, Water Connected
Water SourcePublic
HOAYes — $4,800 / year
HOA ManagementWater Street Center Association
ElementarySnipes Elementary School
MiddleWilliston Middle School
HighNew Hanover High School
Presented By: Intracoastal Realty Corporation; tanyawildman@intracoastalrealty.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 9, 2026 Price Reduced $380,000 → $375,000 ▾ $5,000 (1.3%)

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Oct 9, 2026