Charlottesville Towers For Sale

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Recently Sold Charlottesville Towers Apartments

There are 75 condos in Charlottesville Towers, a five-story condominium building located in the North Downtown neighborhood.

Charlottesville Towers was built in 1967

Charlottesville Towers Details: A five-story building built in 1967

Charlottesville Towers Location: 511 N. 1st St., Charlottesville, VA 22902

Amenities at Charlottesville Towers:

Building features: The complex offers secure entry, a renovated front lobby, and elevator access to all floors.
Laundry: A central, on-site coin-operated laundry room is available. In-unit washer/dryer hookups are not available.
Parking: Residents are provided with permit parking.

Play Area
Storage: In addition to ample closet space within units, extra basement storage is also included.
Included utilities: The monthly HOA fees cover utilities such as electricity, gas, water, sewer, and trash pickup.
Unit features: Each condo includes a private balcony and features central air conditioning and heat.
Pet policy: One cat per unit is allowed for an additional fee, but dogs are not permitted.

Charlottesville Towers Condo Sizes: 1 to 3 bedrooms. 1 to 2 baths.

Charlottesville Towers Condo Sq Ft: 656 to 1211 square feet

2025 HOA Fees: $555 a month

HOA Fees Cover: Community Laundry Room, Electricity, Exterior Maintenance, Extra Storage, Gas, Master Insurance Policy, Professional Mgmt, Security System, Trash Pickup, Water/Sewer, and Yard Maintenance

Charlottesville Towers Management: Charlottesville Towers Apartments were converted to condominiums and are now managed by various private owners, with individual units managed by different companies like Latitude 38, a local real estate company that manages some of the units.

In the past, Great Eastern Management Company developed and converted the property to condominiums, but they no longer manage the individual units

2025 Median Sales Price: $285,000

2025 Median Days on Market: 12 days

Charlottesville Public Schools that serve Charlottesville Towers are Sunrise Elementary, Charlottesville Middle, and Charlottesville High Schools.

Location: Situated just a few blocks from the historic Charlottesville Downtown Mall, allowing for a pedestrian-friendly lifestyle.

Directions: In Downtown Charlottesville: High Street to North 1st Street. Take a left into Charlottesville Towers. Parking lot.

My Thoughts: Charlottesville Towers for sale are affordable Charlottesville downtown condos located in a great area near everything.

Toby Beavers, a Charlottesville realtor since 2003, may be reached by text or phone at 434-327-2999

 

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Discovering Value and Character: Charlottesville Towers Apartments for Sale

By Toby Beavers, Charlottesville Luxury Realtor

After more than two decades helping clients navigate the Charlottesville real estate market, I’ve developed a deep appreciation for buildings that combine historic character with modern convenience.

Few properties embody this balance quite like Charlottesville Towers at 511 1st Street North, Charlottesville, VA.

This mid-century condominium building has quietly served as a cornerstone of downtown living since 1967, offering residents an unbeatable location just blocks from the Downtown Mall while maintaining the peaceful atmosphere that makes Charlottesville such a special place to call home.

The Charlottesville Towers Legacy: A Mid-Century Landmark

Standing five stories tall with 75 individually owned units, Charlottesville Towers represents a distinctive era of architectural design.

Built in 1967, this condominium building captures the essence of mid-century modernism while evolving to meet contemporary expectations.

The building’s location in the North Downtown neighborhood positions residents at the epicenter of Charlottesville’s cultural and commercial activity, yet the mature tree-lined streets surrounding the property provide a surprising sense of tranquility.

As someone who has guided numerous buyers through the process of finding their perfect Charlottesville home, I can confidently say that Charlottesville Towers apartments for sale represent some of the most compelling value propositions in our downtown market.

The building attracts a diverse mix of residents, from University of Virginia professionals seeking walkable convenience to retirees downsizing from larger homes while staying connected to the city’s vibrant cultural scene.

Understanding Charlottesville Towers Floor Plans: Variety to Suit Your Lifestyle

One of the most frequently asked questions I receive from prospective buyers concerns the layout options available within the building.

The Charlottesville Towers floor plans offer remarkable variety, accommodating different lifestyles and space requirements with thoughtful design.

One-Bedroom Units (658-706 square feet): These efficiently designed condos typically feature one to two bathrooms and represent an excellent entry point for first-time buyers or investors.

Recent renovations have brought modern touches including luxury vinyl plank (LVP) flooring, stainless steel appliances, and freshly painted interiors.

The open living and dining areas flow seamlessly onto private balconies, where residents can enjoy morning coffee or evening cocktails while taking in views of the surrounding neighborhood.

Pricing for these units generally ranges around $260,000, making them accessible within the context of Charlottesville’s competitive market.

Two-Bedroom Units (717-1,014 square feet): The two-bedroom configurations at Charlottesville Towers represent the sweet spot for many buyers.

These floor plans typically include one to two bathrooms and offer considerably more flexibility than their one-bedroom counterparts.

Many units feature renovated kitchens with granite countertops, new cabinetry, and abundant natural light that highlights the hardwood floors found throughout.

The additional space allows for a dedicated home office, guest room, or hobby area, increasingly important considerations in today’s work-from-home era.

Three-Bedroom Units (1,197-1,211 square feet): At the upper end of the spectrum, three-bedroom condos provide ample space for families or those who simply appreciate room to spread out.

These units, priced around $390,000, typically feature two bathrooms, generous closet space, updated lighting fixtures, and the same quality finishes found throughout the building.

The layout provides genuine separation between living and sleeping areas, making them suitable for various living arrangements.

What’s Included: Understanding HOA Fees and Community Features

Transparency about ongoing costs represents a critical component of any real estate decision.

At Charlottesville Towers, monthly Homeowners Association (HOA) fees range from approximately $440 to $765, depending on unit size and specific features.

While some buyers initially hesitate at HOA costs, I always encourage clients to examine what these fees actually cover.

The HOA fees at 511 1st Street North, Charlottesville, VA include an impressive array of utilities and services: electricity, gas, water, sewer, trash pickup, exterior maintenance, building insurance, reserve funds for future capital improvements, and professional property management.

When you calculate these expenses separately in a single-family home, the HOA fee structure often represents considerable value, particularly given the building’s prime location.

The building itself provides elevator access to all floors, no small consideration as we age or when returning home with grocery bags, along with secure entry systems that provide peace of mind without feeling fortress-like.

The recently renovated lobby creates an inviting first impression, while on-site laundry facilities offer practical convenience (though some individual units may feature in-unit laundry hookups depending on previous owner renovations).

Location: The True Value Proposition

My clients often tell me that Charlottesville Towers’ greatest asset isn’t found within the building itself but rather in its extraordinary location.

Situated in the North Downtown neighborhood, residents enjoy what I call the “five-minute advantage”, nearly everything you need sits within a five-minute walk or drive.

The historic Downtown Mall, spanning eight blocks of pedestrian-friendly brick walkways, lies just four blocks away.

This architectural gem hosts more than 120 shops, 30 restaurants, and numerous entertainment venues including the historic Paramount Theater and the intimate Jefferson Theater.

Fridays After Five, the city’s beloved free summer concert series, draws thousands to the Ting Pavilion, while the annual Tom Tom Festival celebrates entrepreneurship and innovation with music, food, and creative expression.

McGuffey Park sits just a four-minute walk from Charlottesville Towers, offering green space and community gathering opportunities.

Market Street Park and the Rivanna Conservation Society’s nature trails provide outdoor recreation without requiring a car.

For those with academic or professional connections, the University of Virginia’s central grounds lie within six minutes by car, making the morning commute virtually painless.

Charlottesville Tower’s Walk Score of 84 out of 100 confirms what residents already know, most daily errands can be accomplished on foot.

Several bus routes stop within a block, including the Free Trolley service that circulates through downtown.

The Transit Score of 44 reflects Charlottesville’s car-friendly nature while acknowledging the available public transportation options.

What the Charlottesville Towers Reviews Tell Us

Anyone considering a condominium purchase should investigate resident experiences, and Charlottesville Towers reviews provide valuable insights into daily life within the building.

The overall sentiment leans positive, particularly among residents who appreciate character-filled spaces and downtown convenience over cookie-cutter suburban amenities.

One recent review captured the essence perfectly: “I love this condo. Classic Charlottesville. If you’re the kind of person that needs a lot of overhead lighting or if you prefer carpeting it probably isn’t for you. The apartments are older with more character. Perfect location.”

This honest assessment highlights an important distinction, Charlottesville Towers appeals to buyers seeking authenticity and location over luxury finishes and extensive amenities.

The building’s “character” reflects its mid-century origins.

Hardwood floors, generous windows, and substantial construction create a different living experience than modern luxury high-rises.

Some units feature original architectural details, while others have been comprehensively updated by previous owners.

This variation means that working with a knowledgeable real estate professional becomes particularly important, not all units within the same building offer identical value propositions.

Maintenance responsiveness receives consistent praise in resident feedback, with the HOA board and management company addressing concerns efficiently.

The secure entry system and elevator reliability, always concerns in older buildings, function well according to current residents.

The community maintains a quiet, respectful atmosphere despite the downtown location, attracting residents who value good neighbors over party atmospheres.

The Charlottesville Condo Market Context

Understanding Charlottesville Towers within the broader market context helps buyers make informed decisions.

The Charlottesville condominium market has demonstrated resilience despite broader economic uncertainties.

While single-family home prices in the city averaged around $509,000 in recent market analyses, condominiums offer considerably more accessible entry points while maintaining the advantages of homeownership.

Downtown Charlottesville condos command premium prices relative to outlying areas, reflecting the enduring appeal of walkable, historic neighborhoods.

The limited supply of centrally located condominiums creates consistent demand, particularly from buyers prioritizing location and convenience over square footage.

Charlottesville Towers’ pricing, ranging from approximately $247,000 to $403,000 depending on size and condition, positions these units competitively within the downtown market.

The building has maintained stable values over time, with appreciation patterns tracking closely with broader Charlottesville trends.

Unlike some newer construction that can experience value volatility, established buildings with proven track records offer a certain predictability that appeals to risk-averse buyers.

The robust HOA reserve funds and proactive maintenance approach protect property values by preventing deferred maintenance issues that plague some older condominium communities.

Who Should Consider Charlottesville Towers?

Throughout my career, I’ve observed that successful real estate decisions begin with honest self-assessment. Charlottesville Towers particularly appeals to several buyer profiles:

Urban Lifestyle Enthusiasts: If you’ve ever dreamed of stepping out your door and walking to coffee shops, restaurants, bookstores, and cultural events, this building delivers that lifestyle in abundance.

The ability to participate spontaneously in community life, catching an impromptu concert, meeting friends for dinner, or browsing the farmers market, enriches daily experience in ways that suburban living cannot replicate.

University Affiliates: Faculty, staff, and graduate students at the University of Virginia appreciate the short commute and the opportunity to live within Charlottesville’s cultural center rather than student-dominated areas.

The building’s mature, professional atmosphere contrasts with typical student housing while maintaining convenient campus access.

Downsizing Empty Nesters: Many of my clients reach a life stage where maintaining a large home becomes burdensome rather than beneficial.

Charlottesville Towers offers one-floor living with elevator access, manageable square footage, and freedom from exterior maintenance responsibilities.

The vibrant downtown location ensures that downsizing doesn’t mean disconnecting from community engagement.

Investment Buyers: With the University of Virginia generating constant demand for quality housing, Charlottesville Towers units can serve as rental investments.

The downtown location appeals to professors, visiting scholars, and young professionals who value walkability and are willing to pay premium rents for convenience.

Practical Considerations: What Buyers Should Know

Both buyers and sellers at Charlottesville Towers, have identified several practical considerations that deserve attention:

Pet Policy: The building allows cats (one per unit with an additional fee) but does not permit dogs. This policy shapes the community atmosphere and represents an important consideration for pet owners.

Parking: While not every unit includes dedicated parking, spaces are available and typically negotiated as part of the purchase. On-street parking exists but requires city permits.

Understanding your specific parking situation before purchasing prevents future frustration.

Unit-Specific Variations: The 75 units within Charlottesville Towers span nearly 60 years of owner modifications and updates.

Some condos feature comprehensive renovations approaching new-construction quality, while others retain original features that may require updating.

This variation creates opportunity, savvy buyers can purchase less-updated units at lower prices and customize to their preferences, but also necessitates careful evaluation of each listing.

Utilities and Efficiency: Because utilities are included in HOA fees, energy efficiency becomes a shared rather than individual concern.

The building has undertaken various efficiency improvements over the years, but the structure itself reflects 1960s construction standards rather than modern building science.

Reserve Fund Health: Before purchasing any condominium, I always advise clients to review the HOA’s reserve study and financial statements.

Charlottesville Towers maintains healthy reserves for future capital improvements, but understanding planned projects and financial health protects buyers from unexpected special assessments.

The Buying Process: What to Expect

Purchasing a condominium at Charlottesville Towers follows standard Virginia real estate procedures with some condo-specific elements.

Beyond the typical home inspection, buyers should review the HOA’s master insurance policy, recent meeting minutes, and any pending litigation or major projects.

Virginia law requires sellers to provide comprehensive disclosure packages including financial statements, bylaws, and recent reserve studies.

The approval process at Charlottesville Towers proves relatively straightforward compared to some luxury buildings with restrictive covenants.

The HOA board reviews applications primarily to verify financial qualifications rather than imposing subjective lifestyle judgments.

Financing condominium purchases requires working with lenders experienced in condo transactions.

Some loan programs impose requirements on the building itself, such as owner-occupancy ratios or reserve fund levels, that can affect mortgage availability.

As your realtor, I work closely with lending professionals who understand these nuances and can structure transactions efficiently.

Looking Ahead: The Future of Downtown Charlottesville Living

Charlottesville continues evolving as a city, with ongoing development reshaping downtown and surrounding neighborhoods.

This evolution generally benefits established properties like Charlottesville Towers by increasing the overall desirability of central locations.

New restaurants, improved public spaces, and enhanced cultural programming make downtown living increasingly attractive.

The building itself will inevitably face the ongoing maintenance and improvement requirements common to all properties approaching 60 years of age.

The active HOA board and healthy reserve funds position Charlottesville Towers to meet these challenges proactively rather than reactively.

Recent lobby renovations demonstrate the community’s commitment to preserving and enhancing their shared investment.

The broader Charlottesville real estate market faces the same supply constraints affecting much of the United States.

Limited available land for new construction, combined with historic preservation concerns and community resistance to density, means that existing housing stock becomes increasingly valuable.

Charlottesville Towers occupies a non-replicable location, they simply cannot build another condominium building at 511 1st Street North.

Final Thoughts: Is Charlottesville Towers Right for You?

After representing countless clients through purchases and sales at Charlottesville Towers, I’ve come to appreciate that this building isn’t for everyone, and that’s perfectly appropriate.

The units appeal to buyers who prioritize location, character, and community over luxury amenities and expansive square footage.

If you’ve dreamed of truly walkable urban living in a city that maintains small-town charm, Charlottesville Towers deserves serious consideration.

The combination of historic character, reasonable pricing, and unbeatable location creates a value proposition that’s increasingly rare in today’s real estate market.

Whether you’re a first-time buyer seeking an accessible entry point, a professional wanting a lock-and-leave pied-à-terre, or a downsizing empty nester ready to embrace downtown convenience, Charlottesville Towers apartments for sale offer compelling possibilities.

I encourage anyone interested in exploring available units to reach out for a personal tour.

Walking through the building, meeting current residents, and experiencing the neighborhood firsthand provides insights that no article or online listing can replicate.

Each unit tells its own story through the choices previous owners made, and finding the right match requires understanding both the possibilities and the realities.

Charlottesville Towers stands as a testament to thoughtful urban living, proof that we don’t need sprawling suburban developments to create comfortable, convenient, and community-oriented homes.

For those ready to embrace downtown Charlottesville living at its most authentic, I’d be honored to help you explore whether this mid-century landmark might be your next address.

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Toby Beavers has served as one of Charlottesville’s top real estate agents since 2003, specializing in luxury homes, historic properties, and downtown condominiums.

With over 100 successful transactions and five-star client reviews, Toby brings deep market knowledge and personalized service to every client relationship.

Contact Toby at 434-327-2999 or visit www.TobyBeaversRealtor.com to discuss your Charlottesville real estate needs.