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321 Mill St 1, Eugene, OR 97401 — photograph 1

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321 Mill St 1, Eugene, OR 97401 — photograph 1
1 Bed2 Baths1,595 sqft

321 Mill St 1, Eugene

$750,000

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ActiveMLS®: 284910717Listing held by another brokerage, marked RMLS
Price per sqft
$470.22
Built in
2006
Property size
1,595 sqft
Property type
Residential
Days on market
179

Overview

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.~~~~~~~~~~~~A three-level unit, one of the largest and most light-filled, dramatic homes in the Watershed. It is accessed from the shared, secure courtyard. The main level entry features a great room concept kitchen/living/dining space with bathroom.The second level includes bedroom with sitting area and ensuite bath with separate shower and tub, and a private terraces overlooking the courtyard. The versatile third level loft could function as a study, library or sleeping area.

Details

Interior

Interior features
Concrete Floor, Dual Flush Toilet, Grey Water Recycling, Hardwood Floors, Heat Recovery Ventilator, High Ceilings, Laundry, Washer / Dryer
Appliances
Built-in Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free Standing Refrigerator, Range Hood, Solid Surface Countertop
Fireplaces
0
Cooling
No
Heating
Yes
Heating description
Heat Exchanger, Hydronic Floor, Other
Windows
Triple Pane Windows, Wood Frames

Exterior and lot

Exterior features
Rain Barrel Cistern, Water Feature
Lot features
Level
Architectural style
Modern
Roof
Metal
View
Yes
View description
City, Mountain, Trees / Woods

Utilities

Sewer
Public Sewer
Water source
Cistern, Public Water

Parking

Garage spaces
0
Parking
Off Street
Total parking
0

Schools

High school
South Eugene
Middle school
Roosevelt
Elementary school
Edison

Location

City
Eugene
County
Lane

Taxes and dues

Annual taxes
$4,189 (2025)
HOA dues
$841 / month

Location

321 Mill St 1, Eugene, OR 97401

Map showing the location of 321 Mill St 1, Eugene, OR 97401
© Mapbox © OpenStreetMap

Monthly payment estimate

$5,182 /mo

20% · $150,000
7.00%
Principal and interest
$3,992
Property tax (2025)
$349
HOA dues
$841
Total
$5,182

Estimate only, and not an offer of credit. Assumes 20% down ($150,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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