TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays.
Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential.
Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location.
Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.
Sold for $387,000
$387,000
106 N Water Street #907, Wilmington, NC 28401
1beds
585sqft
Condominium
Built in 2000
-- sqft lot
$385,200 Zestimate®
$662/sqft
$1,763 Estimated rent
Home value
$385,200
$362,000 - $412,000
$1,763/mo
Zestimate® history
Owner options
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$1,763/mo
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$1,763/mo
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$7,080/mo
Est. payment
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$7,080/mo
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Zillow last checked:
Listing updated:
Listed by:
David and Francisca Oller Team 203-912-5578,
Intracoastal Realty Corporation
Bought with:
Naomi Anderson, 341604
Berkshire Hathaway HomeServices Carolina Premier Properties
Source: Hive MLS,MLS#: 100533151
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Master Bedroom, Living Room
Primary bedroom
- Level: Main
- Dimensions: 11 x 11
Kitchen
- Level: Main
- Dimensions: 8 x 7
Living room
- Level: Main
- Dimensions: 15 x 11
Heating
- Heat Pump, Electric
Cooling
- Heat Pump
Appliances
- Included: Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer
- Laundry: Laundry Closet
Features
- High Ceilings, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Blinds/Shades
- Flooring: LVT/LVP
- Basement: None
- Attic: None
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 585
- Total interior livable area: 585 sqft
Property
Parking
- Parking features: Parking Lot, Lighted, Off Street, On Site
- Details: Owner - 1st Come/1st
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Balcony
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Marsh, River, Water
- Has water view: Yes
- Water view: Marsh,River,Water
- Waterfront features: None
- Frontage type: See Remarks
Details
- Parcel number: R04720007023103
- Zoning: CBD
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, Brick, Brick Veneer, Wood Frame
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Security: Fire Sprinkler System, Smoke Detector(s)
- Subdivision: Water Street Center Condo
HOA
- Has HOA: Yes
- Amenities included: Roof Maintenance, Elevator(s), Flood Insurance, Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Sewer, Sidewalks, Termite Bond, Trash, Water, Cable TV
- HOA fee: $4,800 annually
- HOA name: Water Street Center Association
- HOA phone: 252-626-4800
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $662/sqft
- Tax assessed value: $382,700
- Annual tax amount: $2,443
- Date on market: 9/27/2025
- Cumulative days on market: 203 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Short Term Lease
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Sold | $387,000-2%$662/sqft |
Source:  Hive MLS #100533151 Report a problem | ||
| 4/17/2026 | Contingent | $395,000$675/sqft |
Source: Hive MLS #100533151 Report a problem | ||
| 3/17/2026 | Price change | $395,000-1%$675/sqft |
Source: Hive MLS #100533151 Report a problem | ||
| 9/27/2025 | Listed for sale | $399,000+5.3%$682/sqft |
Source: Hive MLS #100533151 Report a problem | ||
| 11/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/14/2023 | Price change | $2,100+1.2%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/20/2023 | Price change | $2,075-3.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/19/2023 | Listed for rent | $2,150$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/11/2022 | Sold | $379,000-1.6%$648/sqft |
Source: Hive MLS #100339343 Report a problem | ||
| 8/1/2022 | Pending sale | $385,000$658/sqft |
Source: Hive MLS #100339343 Report a problem | ||
| 7/29/2022 | Listed for sale | $385,000+120%$658/sqft |
Source: Hive MLS #100339343 Report a problem | ||
| 2/5/2013 | Sold | $175,000-37.3%$299/sqft |
Source: Public Record Report a problem | ||
| 7/29/2011 | Listing removed | $279,000$477/sqft |
Source: Wicker Properties #657926 Report a problem | ||
| 7/2/2011 | Listed for sale | $279,000-16.5%$477/sqft |
Source: Wicker Properties #657926 Report a problem | ||
| 4/19/2007 | Sold | $334,000+6%$571/sqft |
Source: Public Record Report a problem | ||
| 10/17/2006 | Sold | $315,000$538/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,444 -6.2% | $382,700 +37.3% |
| 2024 | $2,606 +2.7% | $278,800 |
| 2023 | $2,536 -0.5% | $278,800 |
| 2022 | $2,550 +0.5% | $278,800 |
| 2021 | $2,538 +2.7% | $278,800 +26.7% |
| 2020 | $2,471 | $220,000 |
| 2019 | $2,471 | $220,000 |
| 2018 | $2,471 | $220,000 |
| 2017 | $2,471 | $220,000 |
| 2016 | -- | $220,000 |
| 2015 | $2,330 +4.4% | $220,000 |
| 2014 | $2,231 | $220,000 |
Find assessor info on the county website
Neighborhood: Historic Downtown
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Nearby schools
GreatSchools rating
- 5/10Annie H Snipes ElementaryGrades: K-5Distance: 1.7 mi
- 6/10Williston MiddleGrades: 6-8Distance: 0.9 mi
- 3/10New Hanover HighGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Snipes
- Middle: Williston
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$385,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$385,200
- North Carolina
- New Hanover County
- Wilmington
- 28401
- Historic Downtown
- 106 N Water Street Unit 907
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