321 MILL ST # 5
Eugene, OR, 97401 $ 565,000
Bedrooms1 Baths1.1 Sq 1,350 Monthly Estimate*
$ 3,479
for $565,000 with 1 bedroom and 1 full bath, 1 half bath. This 1,350 square foot condo was built in 2006.
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.
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FeaturesInteriorInterior Amenities ConcreteFloor DualFlushToilet GreyWaterRecycling HardwoodFloors HeatRecoveryVentilator HighCeilings Laundry WasherDryer
Total Fireplaces 0
Hot Water Electricity
Total Stories 4
Window Features TriplePaneWindows WoodFrames
Total Bathrooms 1.1
Unit Location UpperFloor
Total Bedrooms 1
Total Baths 2
1/2 Baths 1
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GeneralSewer PublicSewer
Heating HeatExchanger HydronicFloor Other
Roof Metal
Appliances BuiltinOven Cooktop Dishwasher ENERGYSTARQualifiedAppliances FreeStandingRefrigerator RangeHood SolidSurfaceCountertop
HOA Fee 656.0
Garage Spaces 0
Architectural Style Modern
Security Features Entry FireSprinklerSystem SecurityGate SecuritySystem
Year Built 2006
Stories Count 2
Unit Number 5
Property Subtype Condominium
Tax Year 2025
Parcel Number 1918221
Assoc Fee Paid Per Monthly
County Lane
Property Type Residential
Association Amenities AllLandscaping Commons ExteriorMaintenance Gated Heat Sewer Trash Water
HOA Y
Full Baths 1
Status Active
Directions High St to south on 3rd to Mill St
High School South Eugene
City Eugene
Disclosures Disclosure
MLS Area _243
Listing Terms Cash Conventional
Elementary School Edison
Tax Annual Amount 3224.94
Middle/Junior High School Roosevelt
Property Condition Resale
Virtual Tour https://youtu.be/rbQjANigSIk
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 17-03-29-33-90000
ADU False
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ExteriorExterior Amenities RainBarrelCistern WaterFeature
Parking Features OffStreet
Lot Features Level
Water Source Cistern PublicWater
Total Parking 0
Exterior Description MetalSiding Stucco
Building Area Total 1350.0
Road Surface Type Paved
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* Excluded FeaturesList ByYou're Home Real Estate IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,479
- Monthly Property Taxes
- $269
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Eugene, OR
Average List Price $320,209
Percent of Sale Price 43%
About Eugene, OR 168,337 Population
19% Since 2002
$ 47,932 Median Income
35.86 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950482 Elementary School
1950300 Middle School
South Eugene High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/17/2026 | $565,000 | | Listed Price |