581 WATER STREET UNIT 581, CELEBRATION, FL, 34747
Active2 days on marketListed Aug 30, 2026MLS #S5156351
About this home
581 WATER STREET UNIT 581
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.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
830
Sqft
0.06 ac
Lot size
1999
Year built
One
Levels
$373
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,576 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,576/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+24.2%
Days on market
2 vs 40 typical
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Celebration
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Celebration. See the full Celebration guide →
CELEBRATION 34747 — neighborhood snapshot
Population
27,422
Median age
37.5
Median income
$83,141
Median home value
$455,600
Avg household
2.6
Households w/ children
2,599
For the school run
Osceola County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Celebration market
$618K → $720K
Celebration median sold, yr/yr
97.4%
Sale-to-list ratio (12 mo)
Median sold price, Celebration, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 22% below the CELEBRATION 34747 median. See the full Celebration market guide →
Paper trail
This home's history
Reality check
What actually sold near 581 WATER STREET UNIT 581
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$315,000
677 CELEBRATION AVENUE · same community
1 bd · 1 ba · 830 sqft · $380/sqft · 12 DOM
Sold · Jul ’26$283,000
753 SIENA PALM DRIVE
1 bd · 1 ba · 855 sqft · $331/sqft · 19 DOM
Sold · Jul ’26$242,500
755 SIENA PALM DRIVE UNIT 755
1 bd · 1 ba · 855 sqft · $284/sqft · 42 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Moe Thouk Oo
Licensed Realtor® · CENTURY 21 Edge
Tours, negotiation, and every question about 581 WATER STREET UNIT 581 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 581 WATER STREET UNIT 581 — before you fall in love.
See it in person
Schedule a tour
Live availability from Moe's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
581 WATER STREET UNIT 581 FAQs
What would the monthly payment be for 581 WATER STREET UNIT 581?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,576/mo — principal and interest, the actual property-tax bill, the $119/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 581 WATER STREET UNIT 581?+
The association fee works out to $119 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 581 WATER STREET UNIT 581?+
The most recent tax bill on record (2025) was $4,020. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 581 WATER STREET UNIT 581?+
The listing reports pets: Breed Restrictions, Cats OK, Dogs OK, Size Limit. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Celebration?+
At $310,000, this home is listed about 45% below the Celebration median of $559,995. The market section on this page shows how the area is trending.
Which schools are assigned to 581 WATER STREET UNIT 581?+
Westside K-8 School (elementary), Celebration High School (high) — Osceola County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the CELEBRATION 34747 market on paper
$310,000 is 22% below the CELEBRATION 34747 median of $395,000.
02Move-in furnished
The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.
03Fresh on the market
Only 2 days on market in a Celebration market that averages 40 — if it fits, move quickly.
Keep looking
Similar homes nearby
Listing courtesy of LPT REALTY, LLC · Allison Godkin. MLS #S5156351.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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