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Active
    • $1,775,000

    550 Water St #201, Charlottesville, VA 22902

    3beds
    2,266sqft
    : 
    $11,146/mo
    Get pre-qualified
    Condominium
    Built in 2018
    -- sqft lot
    $1,720,700 Zestimate®
    $783/sqft
    $658/mo HOA

    What's special

    Private covered terraceArchitect-designed detailsOpen-concept living spaceStunning custom staircaseExpansive windows
    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.
    22 hours
    |
    138
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    LINDSAY MILBY 434-962-9148,

    LORING WOODRIFF REAL ESTATE ASSOCIATES 434-977-4005

    Source: CAAR,MLS#: 680725MLS LogoOriginating MLS: Charlottesville Area Association of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bathroom, Bedroom, Den, Dining Room, Family Room, Full Bath, Foyer, Great Room, Kitchen, Laundry, Primary Bathroom, Primary Bedroom
      Primary bedroom
      • Level: Third
      Bedroom
      • Level: Second
      Primary bathroom
      • Level: Third
      Bathroom
      • Level: Second
      Den
      • Level: Fourth
      Dining room
      • Level: Second
      Foyer
      • Level: First
      Great room
      • Level: Second
      Kitchen
      • Level: Second
      Heating
      • Forced Air
      Cooling
      • Heat Pump
      Appliances
      • Included: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Wine Cooler
      • Laundry: Washer Hookup, Dryer Hookup
      Features
      • Entrance Foyer, Kitchen Island, Recessed Lighting
      • Flooring: Wood
      • Has basement: No
      Interior area
      • Total structure area: 2,266
      • Total interior livable area: 2,266 sqft
      • Finished area above ground: 2,266
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Assigned, Basement, Two Spaces
      • Garage spaces: 2
      Features
      • Patio & porch: Covered, Deck, Patio
      • Has view: Yes
      • View description: Mountain(s), Panoramic, Residential
      Lot
      • Size: 435 Square Feet
      • Features: Native Plants
      Details
      • Parcel number: 530162304
      • Zoning description: Node Mixed Use 10

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Contemporary
      • Property subtype: Condominium
      Materials
      • Brick, Stick Built
      • Foundation: Block
      Condition
      • New construction: No
      • Year built: 2018
      Details
      • Builder name: MARTIN HORN

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Fiber Optic Available, Natural Gas Available

      Community & HOA

      Community
      • Security: Other, Surveillance System
      • Subdivision: THE 550
      HOA
      • Has HOA: Yes
      • Services included: Association Management, Insurance, Maintenance Structure, Reserve Fund, Snow Removal, Trash
      • HOA fee: $658 monthly
      Location
      • Region: Charlottesville

      Financial & listing details

      • Price per square foot: $783/sqft
      • Tax assessed value: $1,466,600
      • Annual tax amount: $13,933
      • Date on market: 8/14/2026

        Estimated market value

        $1,720,700

        $1.63M - $1.81M

        $3,045/mo

        Price history

        DateEventPrice
        8/14/2026Listed for sale$1,775,000$783/sqft
        Source: CAAR #680725 Report a problem
        6/1/2026Listing removed$1,775,000$783/sqft
        Source: CAAR #670654 Report a problem
        1/6/2026Price change$1,775,000-1.1%$783/sqft
        Source: CAAR #670654 Report a problem
        10/31/2025Listed for sale$1,795,000$792/sqft
        Source: CAAR #670654 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$14,401 +4.3%$1,466,600 +4.3%
        2024$13,812 +2.6%$1,406,400 +0.6%
        2023$13,456 +117.5%$1,398,700 +8.5%
        2022$6,187 -47.9%$1,288,900 +3%
        2021$11,883 $1,250,800
        2020-- $1,250,800 +28.1%
        2019$9,279 $976,700
        2018-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        99 / 100
        Walker's Paradise
        45 / 100
        Some Transit
        86 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Sunrise
        • Middle: Charlottesville Middle
        • High: Charlottesville

        Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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