Condominium at 581 WATER ST #581, CELEBRATION
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Closet - 581 WATER ST #581, CELEBRATION
communal balcony - 581 WATER ST #581, CELEBRATION
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$310,000

581 WATER ST #581
CELEBRATION, FL 34747
Listed by Allison Godkin · LPT REALTY, LLC
Bedrooms
1
Bathrooms
1
Living area
830 sqft
Year built
1999

About this home

Experience the ultimate downtown lifestyle in this rare top-floor penthouse condo located on coveted Water Street! Accessible via a convenient building elevator, this bright and open 1-bedroom, 1-bathroom residence offers an unmatched eagle-eye perspective of Celebration's vibrant community. Interior highlights include a newly upgraded bathroom featuring a sleek walk-in shower. Elegant plantation shutters frame the living room, dining area, and spacious primary bedroom, all showcasing picturesque views of the iconic canal, famous bridge, and local town center activity. Major mechanical upgrades provide complete peace of mind, featuring a brand-new 2026 water heater. Located right next door to your entrance is the building's expansive, covered shared balcony which directly overlooks the town's regular activities. This prime vantage point allows you to seamlessly enjoy community parades, art and car festivals, and iconic seasonal events like the falling leaves at Thanksgiving and the magical falling snow at Christmas time. It also offers a wonderful view of Celebration's signature buildings crafted by world-renowned architects. Ideally situated just blocks from Lakeside Park's heated saltwater pool, tennis courts, playgrounds, and premier lakeside dining. Enjoy a maintenance-free lifestyle in a one-of-a-kind location.

Property details

MLS
Stellar MLS
MLS #
MFRS5156351
Property type
Condominium
Subdivision
WATER STREET CONDO PH 9
Status
Active
Days on market
21
On market date
August 30, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.06 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
CELEBRATION SCHOOL
0.25 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,703
Student:teacher ratio
18.5:1
District
OSCEOLA
Middle
KISSIMMEE MIDDLE SCHOOL
6.28 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,411
Student:teacher ratio
19.1:1
District
OSCEOLA
High
CELEBRATION HIGH SCHOOL
2.24 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,731
Student:teacher ratio
22.4:1
District
OSCEOLA

Walkability

Blended score for CELEBRATION's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

51
Somewhat walkable
out of 100
EPA National Walkability Index
8.3 / 20 -- Below average walkable
Google Places amenity density
65 / 100
Restaurants & cafes17
Grocery stores1
Parks20
Schools10
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in CELEBRATION, from live MLS data.

On the market 21 days -- 54 fewer days than CELEBRATION's current average of 75 days.
For reference, the median list price across 154 active listings in CELEBRATION right now is $399,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,017/mo
$62,000 down
$248,000 loan
Principal & interest$1,609
Property tax (est.)$258
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 20, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.