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$1,775,000

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 2,266 Sq. Ft.
  • Updated 10 days ago
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Located just one block from Charlottesville?s Historic Downtown Mall, The 550�represents the pinnacle of boutique, luxury living. Designed by Formwork and constructed by Martin Horn, this award-winning glass and brick landmark was recognized by the Urban Land Institute as the Most Influential Residential Construction Project of 2018. It is the only residence in the building with its own private entrance off Water Street. This striking three bedroom, three bath home features architect-designed details through out, including a stunning custom staircase, expansive windows and an open-concept living space that seamlessly blends style and function. Enjoy both a private covered terrace and an expansive rooftop deck with panoramic downtown and mountain views. The full-floor primary suite offers exceptional privacy and comfort, while two additional bedrooms provide flexibility for guests or a home office. Additional highlights include secure garage parking for two vehicles and the ease of low-maintenance, lock-and-leave living all in one of Charlottesville?s most desirable downtown locations.,Solid Surface Counter,Wood Cabinets

Full Property Details for 550 Water St #201

General

  • Price: $1,775,000
  • HOA FEE: $658/month
  • Taxes: $13,933 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: 670654
  • Updated: 1/6/2026
  • Added to Site: 78 day(s) ago

Interior

  • Rooms/Areas: Dining Room, Kitchen, Den, Foyer, Great Room, Full Bath, Additional Bedroom
  • Interior Features: Primary Bath(s)
  • Appliances: Washer/Dryer Hookups Only
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Floor Baths: 3

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Upper: 3

Location

  • County: CHARLOTTESVILLE CITY
  • Driving Directions: Water Street

School Information

  • School District: Charlottesville City Public Schools
  • High School: Charlottesville

Community

  • Association: Yes
  • Assoc. Fees Include: Ext Bldg Maint, Insurance, Management, Reserve Funds, Snow Removal, Trash

Heating & Cooling

  • Cooling Type: Heat Pump(s)
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Unit/Flat/Apartment
  • Builder: MARTIN HORN
  • Construction: Brick, Rigid Insulation
  • Foundation: Block
  • Stories Description: Main
  • Building Size: 2266
  • Square Feet: 2,266
  • Sq. Ft. Source: Estimated
  • Living Area: 2,266 Sq. Ft.
  • Finished Above Grnd: 2,266 Sq. Ft.
  • Year Built: 2018
  • Year Built Source: Estimated

Lot Features

  • Property View: Mountain, Other, Panoramic
  • Lot Size (Acres): 0.01

Green Features

  • Water Conservation: Low-Flow Fixtures

Financial Considerations

  • Price Per Sq. Ft.: $783.32
  • Association Fee: $658
  • Assoc Fee Freq.: Monthly
  • Condo Fee: $100
  • Condo Fee Freq: One Time
  • Tax Amount: $13,933
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Condominium

Listed by Loring Woodriff Real Estate Associates, LINDSAY MILBY

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Listing agent

— 550 Water St #201 —

  • LINDSAY MILBY

    Loring Woodriff Real Estate Associates

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 550 Water St #201

School District:Charlottesville City Public Schools
NameGradesDistance
Burnley-Moran Elementary School
1300 Long Street, Charlottesville, VA 22901
PK-41 mi
Buford Middle School
1000 Cherry Avenue, Charlottesville, VA 22903
7-81.1 mi
Charlottesville High School
1400 Melbourne Road, Charlottesville, VA 22901
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 550 Water St #201 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$1,775,000
-1.11%
MLS
10/31/2025
Listed
$1,795,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 550 Water St #201

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,401
4%
$1,466,600
4%
2024
$13,812
1%
$1,406,400
1%
2023
$13,634
10%
$1,398,700
9%
2022
$12,402
4%
$1,288,900
3%
2021
$11,913
—
$1,250,800
—
2020
$11,916
28%
$1,250,800
28%
2019
$9,311
—
$976,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Loring Woodriff Real Estate Associates, LINDSAY MILBY

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550 Water St #201, Charlottesville, VA 22902 (MLS# 670654) is a Condo property with 3 bedrooms and 3 full bathrooms. 550 Water St #201 is currently listed for $1,775,000 and was received on October 31, 2025. Want to learn more about 550 Water St #201? Do you have questions about finding other Condo real estate for sale in Charlottesville? You can browse all Charlottesville real estate or contact a Coldwell Banker agent to request more information.

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