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About this home
Introducing the WaterShed Condos – A Landmark of Vision and Craftsmanship in Eugene. Born from a deep love of community and inspired by the charm of Europe’s backstreets and the vibrancy of Mexican plazas, the WaterShed was designed to bring that same spirit of place and connection to Eugene’s North of Fourth (NoFo) neighborhood.This one-of-a-kind mixed-use building was crafted with longevity, sustainability, and beauty in mind. Its structure is built with aerated autoclaved concrete—an advanced European material that insulates, soundproofs, and regulates temperature naturally. A stainless steel roof, triple-paned and operable windows ensure quiet comfort, energy efficiency, and fresh air year-round.15,000 gallon rainwater cisterns supply water for laundry, landscaping, and toilets for most of the year, and the landscape is thoughtfully planted with native, low-water flora. With natural finishes, no PVC or natural gas, and exposed utilities for easy maintenance, every detail has been considered.The WaterShed’s classic lines echo timeless architecture, creating a building that feels rooted in history but built for modern life. Located next to Coldfire Brewing’s taproom and restaurant, and part of the revitalized NoFo community, it’s a space meant to be explored—and remembered. Passersby often double back to say, “Wait a minute, what’s that?” Welcome to the WaterShed.~~~~~~~~~~~~~~~~~~~~Unit 5 features a mid-level entry, looking over the main floor living/dining/kitchen "great room" with triple pane wood windows, city views, high-end stainless appliances and ample counter space and storage. A spacious half bath completes this level. Upstairs you'll find the vaulted, light-filled bedroom with en-suite bath featuring separate tub and shower, laundry, and a spacious balcony with southerly views of the Willamette River, Eugene skyline, and Spencer Butte.
CondoProperty Type
2006Year Built
$419Price/Sq.Ft.
$656/moHOA Dues
Listed by Bobby Stevens• You're Home Real Estate Inc
Market District, located between Downtown Eugene and the University of Oregon, is a commercial and residential Eugene neighborhood with a walkable grid and a river-adjacent edge. The neighborhood’s character concentrates around 5th Avenue and Willamette Street, where sidewalk patios, indie boutiques, and late-night bites keep the blocks in motion. The Hult Center for the Performing Arts anchors the cultural calendar, while 5th Street Public Market and the Saturday Market set a local, maker-forward tone. Architecture shifts from restored brick storefronts to newer mid-rise apartments with ground-floor retail. Tree-lined side streets soften the busier corridors, and the Willamette River paths shape daily routines. Transit, bike lanes, and compact blocks keep errands and evenings on foot.
Provided by Walk Score and Local Logic
Offer insights
321 Mill St #5 · $565,000
$558K and above
75% chance or better to win
Why $558K+ is a strong offer
DAYS ON MARKET
204 days
The average home goes pending in 52 days.
SALE-TO-LIST
96.4%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Concrete floors
Dual-flush toilet
Grey water recycling
Hardwood floors
Heat recovery ventilator
High ceilings
Washer and dryer included
Triple-pane windows with wood frames
Bedrooms
Primary bedroom on upper level with vaulted ceiling and ensuite bathroom
Bathrooms
Two bathrooms total (one full upper-level primary ensuite, one main-level bathroom with partial fixtures)
Kitchen
Built-in oven
Cooktop
Dishwasher
ENERGY STAR qualified appliances
Free-standing refrigerator
Range hood
Solid surface countertops
Kitchen island
Laundry & utility
Washer and dryer included in unit
Hot water provided by electricity
Flooring
Concrete and hardwood floors
Heating & cooling
Heating with heat exchanger and hydronic floor system
No cooling system specified
Geothermal available as a fuel source
Exterior features
Metal siding and stucco exterior
Rain barrel/cisterns
Water feature
Level lot
Paved road access
City, mountain and trees/woods views
Deck (22 x 14)
Home design
Residential condominium
Not attached (free-standing unit)
Resale property
Located on upper floor (unit level 4 of 4)
Four stories total
Parking
Off-street parking (undeeded garage parking in complex)
Security
Entry control
Fire sprinkler system
Security gate
Security system
Construction
Built in 2006
Metal roof
Utilities
Electricity and geothermal fuel options
Water from cistern and public water
Public sewer
HOA & community
HOA present with monthly fee
Association amenities include landscaping, common areas, exterior maintenance, gated access, heating, sewer, trash and water
No short-term rentals allowed
Smoking policy in effect (see remarks)
No elevator; no concierge
Storage available and assigned (storage unit 5)
Deck area is part of unit
Financial info
Monthly association fee of $656
Other
Condominium conversion property with 5 units in the complex
Unit does not have a private yard
Move-in/out fee not required
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the S-W Whiteaker Special Area Zone is to encourage the economic vitality of the area for employment and industrial, institutional, and commercial uses while also allowing a mix of residential dwellings. This zone has a broad range of permitted uses. No single use is mandated or required within the area and the zone encourages both a mixture of uses within a building as well as within a block. The mix of land uses and increase in residential density and employment opportunities is designed to provide a place for people to live and work in the same area. It is intended that the character of the zone develop so that the diversity of uses are enhanced and tied together with various forms of usable public and private open space where there is pedestrian-oriented activity. Appropriate intermingling of structures, street amenities, and major landscape features will be necessary in order to integrate older development with newer development. Development within the zone will occur incrementally over time and this zoning will help ensure a coordinated effort is undertaken to improve the area by the public and private sectors. The S-W zone is also designed to: Encourage the continued economic vitality of existing and redeveloped commercial and employment and industrial uses with recognition of their role in providing a needed diversity of land uses and job opportunities; Encourage an increase in residential density to create additional opportunities for people to live close to major employment areas; Encourage actions that will enhance the attractiveness of the area and increase the use of major landscape features that can help tie the public and private open spaces together; Encourage the preservation, rehabilitation, and restoration of significant historic structures and retention of older, mature street trees.
Zone overlays
Site Review Overlay Zone
Permitted uses
Include but are not limited to:
Community / recreation center
Bank
General retail
Restaurant
Hospital / medical center
Housing-Single unit
Housing-Senior
Housing-Student
Manufacturing
Office
Historical weather
Eugene, OR • 97401
Average low and high temperatures (°F)
47
34
51
37
59
42
65
43
71
48
78
53
86
57
87
59
78
54
65
46
53
42
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.6 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 321 Mill St #5
$551,960
$13K under list price of $565K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $285K to $719K.