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.
Active
$565,000
321 Mill St APT 5, Eugene, OR 97401
1beds
1,350sqft
Est.:
Residential, Condominium
Built in 2006
-- sqft lot
$546,100 Zestimate®
$419/sqft
$656/mo HOA
What's special
Natural finishesCity viewsMid-level entryStainless steel roofSpacious half bathVaulted light-filled bedroomTriple pane wood windows
- 15 days |
- 431 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: March 17, 2026 at 06:34am
Listed by:
Bobby Stevens 541-225-8081,
You're Home Real Estate Inc
Source: RMLS (OR),MLS#: 402681427
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Bathroom, Bathtub, Ensuite, Shower, Vaulted Ceiling
- Level: Upper
- Area: 308
- Dimensions: 22 x 14
Primary bathroom
- Level: Upper
- Area: 117
- Dimensions: 13 x 9
Dining room
- Features: Beamed Ceilings, Great Room, High Ceilings
- Level: Main
- Area: 156
- Dimensions: 13 x 12
Kitchen
- Features: Beamed Ceilings, Cook Island, Dishwasher, Great Room, E N E R G Y S T A R Qualified Appliances, Free Standing Refrigerator, High Ceilings
- Level: Main
- Area: 120
- Width: 10
Living room
- Features: Beamed Ceilings, Great Room, High Ceilings
- Level: Main
- Area: 308
- Dimensions: 22 x 14
Heating
- Heat Exchanger, Other, Heat Recovery Ventilator
Appliances
- Included: Built In Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Range Hood, Washer/Dryer, Electric Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Beamed Ceilings, Great Room, Cook Island, Bathroom, Bathtub, Shower, Vaulted Ceiling(s)
- Flooring: Concrete, Hardwood
- Windows: Triple Pane Windows, Wood Frames
Interior area
- Total structure area: 1,350
- Total interior livable area: 1,350 sqft
Video & virtual tour
Property
Parking
- Parking features: Off Street, Condo Garage (Undeeded)
Features
- Stories: 2
- Entry location: Upper Floor
- Exterior features: Rain Barrel/Cistern(s), Water Feature
- Has view: Yes
- View description: City, Mountain(s), Trees/Woods
Lot
- Features: Level
Details
- Parcel number: 1918221
Construction
Type & style
- Home type: Condo
- Property subtype: Residential, Condominium
Materials
- Metal Siding, Stucco
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Cistern, Public
Green energy
- Water conservation: Dual Flush Toilet, Gray Water System
Community & HOA
Community
- Security: Entry, Fire Sprinkler System, Security Gate, Security System
HOA
- Has HOA: Yes
- Amenities included: All Landscaping, Commons, Exterior Maintenance, Gated, Heat, Sewer, Trash, Water
- HOA fee: $656 monthly
Location
- Region: Eugene
Financial & listing details
- Price per square foot: $419/sqft
- Tax assessed value: $326,397
- Annual tax amount: $3,224
- Date on market: 3/17/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$546,100
$519,000 - $573,000
$2,953/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Listed for sale | $565,000$419/sqft |
Source:  RMLS (OR) #402681427 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,225 | $165,519 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,859/mo
Principal & interest
$2831
HOA Fees
$656
Property taxes
$372
More affordability tools
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 8/10Edison Elementary SchoolGrades: K-5Distance: 1.6 mi
- 6/10Roosevelt Middle SchoolGrades: 6-8Distance: 1.6 mi
- 8/10South Eugene High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Edison
- Middle: Roosevelt
- High: South Eugene
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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