Experience elevated living in this beautifully updated riverfront condominium, ideally located in the heart of downtown. This elegant Water Street Brownstone offers sophistication and comfort throughout. The bright, open-concept kitchen showcases a sleek stainless-steel backsplash, premium appliances, granite countertops, and a quartz island—perfectly complemented by luxury vinyl plank flooring and modern fixtures. A gas stove, under-cabinet lighting, and abundant cabinetry make this kitchen both stylish and functional. The spacious living room features a cozy gas fireplace, custom built-ins, and a vintage wood mantel. Tall windows flood the space with natural light. The primary suite includes newer flooring and dual walk-in closets, leading to a spa-inspired ensuite bath. Indulge in a beautiful tiled shower with rain-flow showerhead, handheld wand, and body sprays. Floating vanities, a heated towel rack, and an oversized air-jet tub complete the retreat. The second bedroom offers private balcony access. The guest bath has a beautifully tiled shower and a contemporary concrete sink. Enjoy direct street access from your front door and relax on the patio with views of the Capitol, East Village, and Riverwalk. The heated underground garage includes two dedicated parking spaces. Walk to your favorite restaurants, Civic Center, Principal Park, or the Court Avenue Farmers Market—or hop on the nearby trail for a scenic ride. Set a time to see this exceptional downtown residence.
Sold for $325,000
$325,000
118 Water St APT 123, Des Moines, IA 50309
2beds
1,535sqft
Townhouse, Condominium, Multi Family, Apartment
Built in 2002
-- sqft lot
$324,900 Zestimate®
$212/sqft
$2,048 Estimated rent
Home value
$324,900
$309,000 - $344,000
$2,048/mo
Zestimate® history
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List your homeWhat's special
Gas fireplaceModern fixturesPrivate balcony accessVintage wood mantelSleek stainless-steel backsplashPatio with viewsRiverfront condominium
Zillow last checked:
Listing updated:
Listed by:
York Taenzer (515)321-1873,
Iowa Realty Mills Crossing
Bought with:
Curtis Marouelli
Iowa Realty Mills Crossing
Source: DMMLS,MLS#: 727443
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Laundry: Main Level
Features
- Dining Area, Window Treatments
- Flooring: Carpet, Tile
- Basement: Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas, Vented
Interior area
- Total structure area: 1,535
- Total interior livable area: 1,535 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage, One Car Garage
- Attached garage spaces: 1
Features
- Patio & porch: Open, Patio
- Exterior features: Patio
Details
- Parcel number: 02002694010000
- Zoning: DXR
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Townhouse, Condominium, Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Block, Poured
- Roof: Rubber
Condition
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Des Moines
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $599 monthly
- Services included: Maintenance Grounds, Maintenance Structure, Snow Removal, Security, Trash
- Association name: Water Street Brownstones
- Second association name: Sentry Management
- Second association phone: 515-222-3699
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Sold | $325,000-5.8%$212/sqft |
Source:  DMMLS #727443 Report a problem | ||
| 10/13/2025 | Pending sale | $345,000$225/sqft |
Source: DMMLS #727443 Report a problem | ||
| 10/1/2025 | Listed for sale | $345,000-6.3%$225/sqft |
Source: DMMLS #727443 Report a problem | ||
| 4/19/2021 | Sold | $368,000+3.7%$240/sqft |
Source: DMMLS #623601 Report a problem | ||
| 3/16/2021 | Pending sale | $354,900$231/sqft |
Source: DMMLS #623601 Report a problem | ||
| 1/16/2021 | Listing removed | $354,900$231/sqft |
Source:  RE/MAX Central #615037 Report a problem | ||
| 1/8/2021 | Price change | $354,900-0.9%$231/sqft |
Source: RE/MAX Concepts #615037 Report a problem | ||
| 11/5/2020 | Price change | $358,000-0.1%$233/sqft |
Source: RE/MAX Concepts #615037 Report a problem | ||
| 9/16/2020 | Price change | $358,500-0.1%$234/sqft |
Source: RE/MAX Concepts #608490 Report a problem | ||
| 8/13/2020 | Price change | $359,000-5.5%$234/sqft |
Source: RE/MAX Concepts #608490 Report a problem | ||
| 6/26/2020 | Price change | $379,900-3.2%$247/sqft |
Source: RE/MAX Concepts #608490 Report a problem | ||
| 5/29/2020 | Price change | $392,400-0.6%$256/sqft |
Source: RE/MAX Concepts #604348 Report a problem | ||
| 5/18/2020 | Price change | $394,900-1.3%$257/sqft |
Source: RE/MAX Concepts #604348 Report a problem | ||
| 5/4/2020 | Listed for sale | $399,900+45.7%$261/sqft |
Source: RE/MAX Concepts #604348 Report a problem | ||
| 7/30/2014 | Sold | $274,500-1.6%$179/sqft |
Source: Agent Provided Report a problem | ||
| 10/24/2005 | Sold | $279,000$182/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,266 +2.1% | $312,100 |
| 2024 | $6,140 -7% | $312,100 |
| 2023 | $6,604 +0.8% | $312,100 +11.4% |
| 2022 | $6,554 -5.2% | $280,200 |
| 2021 | $6,910 -3.7% | $280,200 -3% |
| 2020 | $7,172 +2.3% | $288,800 |
| 2019 | $7,008 +1.2% | $288,800 +6% |
| 2018 | $6,928 | $272,500 |
| 2017 | $6,928 +10.6% | $272,500 +9.1% |
| 2016 | $6,262 | $249,700 |
| 2015 | $6,262 +17294.4% | $249,700 -1.5% |
| 2014 | $36 | $253,500 |
| 2013 | -- | $253,500 |
| 2012 | -- | $253,500 |
| 2011 | -- | $253,500 -7% |
| 2010 | -- | $272,600 |
| 2009 | -- | $272,600 +4.6% |
| 2008 | -- | $260,600 |
| 2007 | -- | $260,600 +2.6% |
| 2006 | -- | $254,000 |
| 2005 | -- | $254,000 |
Find assessor info on the county website
Neighborhood: Downtown Des Moines
Nearby schools
GreatSchools rating
- 4/10Walnut Street SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Polk County
- Des Moines
- 50309
- Downtown Des Moines
- 118 Water St Apartment 123
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