A stunning and rare penthouse-style condo on the 5th floor of Cedar Rapids’ beloved Water Tower Place is now available, but likely not for long! An impressive showcase of a warehouse conversion that took a beautiful 1925 building and created these one-of-a-kind condominiums in 2007, this luxury home brilliantly marries the building’s distinctive architecture with a modern design aesthetic and layout. With 2,049 square feet of finished living space, two bedrooms, a den/study, two and a half baths, two generous storage rooms, extensive closet space, two storage areas off of the garage, a guest suite in the building, and a huge rooftop deck and pergola for entertaining that includes gorgeous natural vegetation all mean that this condo feels like a home; no need to experience the sacrifice of downsizing to enjoy the benefits of condo living. A true chef’s kitchen with a full suite of KitchenAid appliances. In-unit laundry. The elevated den/study has been upgraded with stunning, custom walnut bookshelves. So much natural light, city views, double balcony, high end closet systems, custom window treatments, spa-like en suite baths, dedicated parking space in the heated parking garage plus additional parking outside. Come see the exposed brick, the high ceilings, the quality, and the city views. This luxury home does not disappoint!
For sale
$529,900
900 2nd St SE APT 502, Cedar Rapids, IA 52401
2beds
2,049sqft
Condominium, Residential
Built in 1925
-- sqft lot
$514,700 Zestimate®
$259/sqft
$797/mo HOA
What's special
Additional parking outsideExtensive closet spaceHigh ceilingsCity viewsCustom window treatmentsSo much natural lightTwo bedrooms
- 14 days
- 1,370
- 23
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cory Rath 319-329-2679,
Skogman Realty Co.
Source: Iowa City Area AOR,MLS#: 202605247
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Great Room, Library Or Office, Loft, Living Room Dining Room Combo, Primary Bath
Heating
- Natural Gas, Forced Air
Cooling
- Central Air, Dual
Appliances
- Included: Cooktop, Dishwasher, Microwave, Oven, Refrigerator, Dryer, Intercom Or Radio, Washer
- Laundry: Lower Level
Features
- Bookcases, High Ceilings, Den, Primary On Main Level, Breakfast Bar, Other, Smart Thermostat
- Flooring: Concrete
- Basement: Concrete
- Number of fireplaces: 1
- Fireplace features: Gas, Family Room
Interior area
- Total structure area: 2,049
- Total interior livable area: 2,049 sqft
- Finished area above ground: 2,049
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Guest, On Street
- Has attached garage: Yes
Features
- Patio & porch: Deck
- Exterior features: Balcony
Details
- Parcel number: 142818600201051
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Pet Policy, Security, Near Shopping
- Subdivision: Water Tower Place
HOA
- Has HOA: Yes
- Services included: Exterior Maintenance, Maintenance Grounds, Security, Other
- HOA fee: $9,564 annually
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $259/sqft
- Tax assessed value: $474,700
- Annual tax amount: $8,130
- Date on market: 8/27/2026
- Listing terms: Cash,Conventional
Estimated market value
$514,700
$489,000 - $540,000
$2,856/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $529,900+6%$259/sqft |
Source:  CRAAR, CDRMLS #2606052 Report a problem | ||
| 7/15/2024 | Sold | $500,000+12.4%$244/sqft |
Source: CRAAR, CDRMLS #2405096 Report a problem | ||
| 4/9/2021 | Sold | $445,000+8.5%$217/sqft |
Source: CRAAR, CDRMLS #2007553 Report a problem | ||
| 1/13/2017 | Sold | $410,000-3.5%$200/sqft |
Source: CRAAR, CDRMLS #1611772 Report a problem | ||
| 10/8/2016 | Listed for sale | $425,000+6.3%$207/sqft |
Source: Iowa Realty Co., Inc. #1611772 Report a problem | ||
| 9/25/2015 | Listing removed | $399,900$195/sqft |
Source: Iowa Realty Co., Inc. #1505899 Report a problem | ||
| 9/17/2015 | Listed for sale | $399,900+29.2%$195/sqft |
Source: Iowa Realty Co., Inc. #1505899 Report a problem | ||
| 5/1/2007 | Sold | $309,500$151/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,952 +18.4% | $474,700 -4% |
| 2024 | $7,564 -12% | $494,300 +11.1% |
| 2023 | $8,600 +1.8% | $444,900 +6.8% |
| 2022 | $8,444 -4.2% | $416,600 |
| 2021 | $8,810 +2.8% | $416,600 +2.1% |
| 2020 | $8,574 +1.6% | $407,900 |
| 2019 | $8,438 +2.2% | $407,900 +4.2% |
| 2018 | $8,254 +670% | $391,500 +652.9% |
| 2017 | $1,072 +13.3% | $52,000 +4.4% |
| 2016 | $946 +18% | $49,800 -26.1% |
| 2015 | $802 -31.9% | $67,414 +76.8% |
| 2014 | $1,178 +48.4% | $38,131 |
| 2013 | $794 +8.5% | $38,131 |
| 2012 | $732 | $38,131 |
| 2011 | -- | $38,131 +0.5% |
| 2010 | -- | $37,928 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Oakhill Jackson
Nearby schools
Schools provided by the listing agent
- Elementary: GrantwoodCR
- Middle: Mckinley
- High: Washington
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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