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215 S Water St APT 304, Wilmington, NC, 28401

1beds
1baths
675sqft
$399,000
$591price/sqft
$2,532/moest. monthly cost
$101,280/yrincome needed

About This Home

Enjoy downtown Wilmington living at its best from this fully furnished 3rd-floor unit at 215 S. Water Street. Just steps from the Riverwalk, popular restaurants, and local shops, this turnkey property offers unbeatable walkability and convenience. Ideal as a personal getaway or investment, the unit comes ready for use with clean, comfortable interiors and coastal-inspired touches. Light-filled and easy to maintain, it provides an excellent setup for short-term rentals or a low-maintenance second home. With its prime location and move-in-ready appeal, this is a great opportunity to own a versatile property in one of Wilmington’s most desirable waterfront buildings.

Getting Around

82
WalkingVery Walkable
40
TransitSome Transit
83
BikeVery Bikeable

Schools

5/10
6/10
Williston MiddleGrades 6-80.8 mi
3/10
New Hanover HighGrades 9-121.0 mi

Construction

Condition

  • Year built: 2001

Materials

  • Roof: Composition

Type & Style

  • Home type: Condo

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Laminate

Heating & Cooling

  • Heating features: Other
  • Cooling features: Central

Interior Area

  • Total interior livable area: 675 sqft

Property

Details

  • Parcel number: R05308008005022

Features

  • Exterior features: Brick
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 435 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Inland Flooding
Ice Storm
Lightning
Winter Weather
Earthquake
Tornado
Tsunami

FEMA Declared Disasters in New Hanover County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$112$1,344
Property Taxes $203$2,436
Electricity $200$2,405
Total$2,532$30,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,811/yr
40% on housing$75,960/yr
45% on housing$67,520/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$591This listing

vs Other Active Listings

Avg $/sqft

ZIP 28401$203
New Hanover County$308

vs Homes Sold Last Month

Median $/sqft

ZIP 28401$265
New Hanover County$260

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-08Listed for sale$399,000
2026-03-11Listing removed--
2025-12-11Listed for sale$399,000
2010-08-16Sold$150,000
2005-06-03Sold$189,500

For Sale by Owner

AgentProperty Owner

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