About This Home

This 3-bedroom, 3-bathroom condo at 550 WATER ST #201 in Charlottesville, VA is listed for $1,775,000 ($783 per sqft). Built in 2018, the home offers 2,266 sqft of living space on a 0.01 acres lot.

Key Features

  • Built in 2018
  • 0.01 acre lot
  • 3 stories

Property Details

3 stories
3 full
#201
2018
Listing Description

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.

Monthly Cost Estimate

$10,151/mo

20% down · 6.5% · 30 years

Principal$1,284
Interest$7,692
Insurance$518
HOA$658

Estimates only. Actual payments may vary.

Location

550 WATER ST #201

Charlottesville, VA 22902

THE 550

Property Details

Flooring

Wood

Outdoor Features

PatioDeck

Heating

Forced Air

Cooling

Heat Pump

Appliances

DishwasherDisposalGas RangeIslandMicrowaveRecessed LightRefrigeratorWine Cooler

Questions & Answers

This 3-bedroom, 3-bathroom condo at 550 WATER ST is listed at $1,775,000 ($783/sqft). The estimated monthly payment is $10,151 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $658/month.

Key features include: Built in 2018, 0.01 acre lot, 3 stories.

This property is listed by LINDSAY MILBY and can be reached at 4349629148.

LM

LINDSAY MILBY

Agent at Loring Woodriff Real Estate Associates

(434) 962-9148

Listed by Loring Woodriff Real Estate Associates · Broker phone: (434) 977-4005 · View on Broker Site

MLS# 680725· Source: Charlottesville Area Association of REALTORS®· 43 days on PropertySimple

Copyright © 2026 Charlottesville Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

550 WATER ST #201, Charlottesville, VA 22902

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