Property listing for 1 Park Vista Ln #320, Winston-Salem, NC 27101
ActiveCondo

$675,000

1 Park Vista Ln #320, Winston-Salem, NC 27101

Renovated Downtown Condo with Skyline Views & Secured Parking

2 Bed · 2 Bath · 1,557 Sq Ft

Turnkey 2-bed, 2-bath condo steps from Bailey Park and Old Salem

2

Beds

2

Baths

1,557

Sq Ft

2007

Built

0.04 acres

Lot

Two secured/assigned parking spaces (building)

Garage

About 1 Park Vista Ln

This is a rare, fully renovated downtown condo at One Park Vista — a refined urban residence designed for lifestyle and convenience. At 1,557 square feet the upper-level Unit 320 opens into a generous great room with high ceilings and a working fireplace that anchors the living and dining areas. A newly updated kitchen features modern appliances (gas cooktop plus free-standing range), sleek surfaces, and an efficient layout that flows directly into the entertaining spaces.

Step through sliding doors to a large covered balcony with a gas hookup and direct skyline views — a private outdoor extension of the living room that faces the city and nearby green space. The primary suite includes balcony access, a renovated bathroom with soaking tub, double vanity and walk-in closet; the second bedroom includes two closets and is suited for guests or a home office. Practical upgrades include a separate stacked washer/dryer room, second-floor storage, an upgraded secure entry system and a garbage chute for daily convenience.

This unit includes two secured/assigned parking spaces — an uncommon downtown convenience — plus paved building access and visitor options. The building was completed in 2007 and the unit’s recent renovations mean move-in ready living without immediate capital needs. For city dwellers, One Park Vista places you a short walk from Bailey Park, Merschel Park, Old Salem Museums & Gardens, a thriving restaurant scene, and downtown events.

Whether you’re seeking a primary downtown home or a well-positioned investment, Unit 320 is a compelling proposition: turnkey finishes, assigned secure parking, large covered outdoor living and true downtown walkability. Contact Clare Fader at Fader Real Estate (336-575-7262) for a private showing and to request HOA and parking documentation.

Home Highlights

Fully renovated kitchen and primary bathroomLarge covered balcony with gas hookup and skyline viewsTwo secured/assigned parking spaces included1,557 SF — generous square footage for a downtown condoUpgraded secure entry system and second-floor storage

Property Features

Interior Features

  • 2 bedrooms, 2 full bathrooms
  • 1,557 SF open plan with high ceilings
  • Renovated kitchen with gas cooktop and dishwasher
  • Renovated primary bath with soaking tub and double vanity
  • Fireplace in great room
  • Separate laundry room with washer/dryer hookups
  • Laminate and tile flooring throughout
  • Security system & smoke detectors

Exterior & Lot

  • Large covered balcony with gas hookup and skyline views
  • Two secured/assigned parking spaces (building)
  • Paved access and secure upgraded building entry
  • Second-floor storage
  • Garbage chute

Location & Neighborhood

  • Walk to Bailey Park and Merschel Park
  • Short walk to Old Salem Museums & Gardens
  • Close to downtown restaurants, galleries, and event venues
  • Located in Winston-Salem's active downtown core

Walkability & Recreation

  • Walkability Rating: 85/100
  • Easy pedestrian access to parks, coffee shops, and cultural venues
  • Nearby trails and green space for daily recreation

Neighborhood & Location

Downtown Winston-Salem blends historic districts, cultural institutions and contemporary dining into a compact, walkable urban core. Residents enjoy parks like Bailey Park and Merschel Park, frequent programming and festivals, and easy access to Old Salem’s museums and Reynolda attractions. The area draws professionals and empty-nesters seeking urban convenience without the scale of a major metropolis; walkability, street-level dining and arts venues are hallmarks of this neighborhood.

Market Insights

Downtown Winston-Salem occupies a distinctive niche within the Triad market: demand for walkable, amenity-rich condos has outpaced new product, creating price premiums for renovated and secure units. Over the last 12 months the broader Triad market has seen modest appreciation (~3–4%) and relatively low inventory for move-in-ready properties. This condo's combination of size (1,557 SF), turnkey renovations, and two secured parking spaces positions it above average downtown peers. Buyers seeking downtown lifestyle—professionals, empty-nesters, and investors targeting premium downtown rentals—will find this unit especially attractive. Expected days on market for properly priced comparable downtown condos are below the regional average; however, confirm HOA dues and building reserves before underwriting offers.

Nearby Schools

Paisley Magnet School (Forsyth County Schools)

Elementary/Magnet · 1.5 mi

6/10 (estimate)

Walker/Local Middle School (Forsyth County Schools)

Middle · 2.0 mi

6/10 (estimate)

R.J. Reynolds High School

High · 2.0–3.0 mi

5/10 (estimate)

Walkability & Recreation

85
Walkability
80
Recreation

Excellent immediate access to downtown parks (Bailey Park, Merschel Park) and cultural walking routes; short stroll to Old Salem and green corridors.

Investment Highlights

  • Fully renovated kitchen and primary bath — turnkey condition
  • Large covered balcony with gas hookup and skyline views
  • Two secured/assigned parking spaces — high-value downtown amenity
  • Secure upgraded entry system and on-site storage
  • Built 2007 — modern construction with updated systems likely

Key Findings

  • 2 beds / 2 baths, 1,557 SF, built 2007 — unit is upper-level (Condo Upper)
  • Listed at $675,000 (price per SF ≈ $434); AVM ~ $671,531
  • Sale history shows a May 2023 sale at $550,000; notable appreciation or relisting since then
  • Downtown location within walking distance to Bailey Park and Old Salem
  • Listing claims two secured parking spaces and renovated interiors; HOA fees stated as none in scraped data — verify

Things to Consider

  • Scraped data lists no HOA but condo governance almost always includes HOA — confirm monthly dues and reserve status
  • Exact heating/cooling systems not specified; inspect mechanicals
  • School assignments and zoning should be confirmed with Forsyth County Schools and city planning
  • Dependence on downtown demand — condo values are more sensitive to downtown inventory and economic activity

Opportunity Analysis

Acquire a turnkey, renovated downtown condo with scarce assigned secured parking and strong lifestyle appeal for owner-occupiers or lease to professionals seeking immediate downtown access.

Potential Use Scenarios

  • For owner-occupier buyers: submit market-aware offer near list depending on comparable evidence and inspection results.
  • For investors: confirm rental comps and HOA fees; if HOA low or only covers minimal services, evaluate cap rate — consider short-term furnished leasing to professionals.
  • If HOA exists with fees, negotiate price based on dues and reserve funds information.

Risk Factors

  • Unverified HOA dues or special assessments could materially affect carrying cost.
  • Condo markets can be volatile versus single-family homes in economic downturns.
  • Unit-specific factors (upper-level exposure, elevator reliability, parking allocation) should be verified.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$650K

Midpoint

$675K

High

$700K

$433.99/SF estimated price per square foot

70% confidence

Estimate anchored to current list price and recent sale history (unit sold in 2023 for $550k) plus market knowledge for downtown Winston-Salem condo values and updates (renovated kitchen, renovated primary bath, secured parking). AVM (source) predicts $671,530.78. No live comparable sales search performed; verify with MLS comps.

As of 2026-03-14

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$310,000
Avg Days on Market35 days
Inventory2.5 months
1-Year Appreciation+350.0%

Demographics

Population (1 mi)11,000
Median Income (1 mi)$47,000

Downtown Winston-Salem has attracted renewed residential demand with infill condos and adaptive reuse projects. Demographics include young professionals, retirees, and some families in nearby neighborhoods. Figures are approximate and should be verified.

Nearby Points of Interest

  • Bailey Park (0.1–0.2 mi)
  • Old Salem Museums & Gardens (0.3–0.6 mi)

Immediate access to downtown dining, arts district venues, parks (Bailey Park, Merschel Park), Old Salem, and seasonal events. Walkable to restaurants, boutique shops, and municipal services.

School District

DistrictForsyth County Schools
ElementaryConfirm assignment with Forsyth County Schools (district: Forsyth County Schools). Nearby public options commonly listed for downtown addresses include: Paisley IB (elementary/magnet) — rating est. 6/10 (verify).
MiddleZoned middle school varies; likely assigned to a centrally located middle school in Forsyth County — example: Paisley IB Magnet / Walker Middle (ratings approx. 6/10; confirm with district).
HighR.J. Reynolds High School (Forsyth County) — rating est. 5-6/10 (approx.), distance ~2 miles; confirm assignment with district.

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2007
Constructionmasonry/steel_frame (typical mid-rise condo construction)
Stories1
Heatingforced air / likely heat pump or electric - exact system not listed
Coolingcentral AC likely (not explicitly listed)
Basementnone
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size0.04 acres (1,742 SF)
Topographylevel
Parkingsecured_garage_assigned_spaces
Parking Spaces2

Utilities

WaterPublic
SewerPublic Sewer
GasAvailable (gas hookup on balcony and gas cooktop noted)

Zoning & Land Use

DescriptionDowntown/multi-family/urban residential zoning (specific code to be verified with city zoning map).
JurisdictionCity of Winston-Salem / Forsyth County

Allowed Uses

Condominium/residentialMulti family residentialConditional mixed use per downtown overlay
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2023-05-12$550,000
2022-05-28$625,000
2026-03-06$675,000

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