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 Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
Appliances
- Electric Cooktop
- Built-In Microwave
- Washer
- Refrigerator
- Dryer
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric, Heat Pump
- Heating: Yes
Exterior and Lot Features
- Frontage Type: River
- Patio And Porch Features: Covered
- Road Frontage Type: City Street, State Road
- Street Additional Info: 702
Garage and Parking
- Other Parking: Owner parking in lot
- Parking Features: Parking Lot, On Site
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Roof Maintenance, Elevator(s), Flood Insurance, Maint - Comm Areas, Maint - Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Sewer, Trash, Water
- Association Fee: 4800
- Association Fee Frequency: Annually
- Calculated Total Monthly Association Fees: 400
- Association Name: Water Street Center Association
- Association Phone: 9107721622
School Information
- Elementary School: Snipes
- High School: New Hanover
- High School District: New Hanover
- Middle School: Williston
- School District: New Hanover
Multi-Unit Info
Other Property Info
- Source Listing Status: Active
- County: New Hanover
- Directions: Building located on Water street between Princess and Chestnut in downtown Wilmington. Entrance is in the back.
- Tax Year: 2025
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Water Street Center Condo
- Parcel Number: R04720-007-023-074
- Property Location: Mainland
- Subdivision: Water Street Center Condo
- Zoning: CBD
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 585
- Year Built: 2000
- Building Area Total: 585
- Construction Materials: Concrete, Brick, Brick Veneer
- Foundation Details: Slab
- Levels: 4th Floor or Higher Unit
- Property Age: 25
- Roof: Membrane, Flat
- Levels or Stories: 1
- Structure Type: Wood Frame
- Total Area Sqft: 585
- Elevator: Yes
Utilities
- Sewer: Municipal Sewer
- Sewer Connected
- Water Connected
- Water Source: Municipal Water