Waterstone

Waterstone is a well-established 55+ condominium community of 284 homes in Miamisburg, Ohio, built between 2001 and 2004 and offering an affordable, low-maintenance alternative to single-family ownership just 12 miles south of Dayton. The community is laid out around scenic lakes and ponds with walking and biking trails winding through the grounds, giving residents a surprisingly park-like setting for a condo development. Homes range from 1,124 to 1,824 square feet with two or three bedrooms, two or three bathrooms, and either attached one-car garages or outdoor parking. Many units have been updated over the years and feature open-concept floor plans, vaulted ceilings, spacious living rooms, updated kitchens with granite countertops and stainless appliances, primary suites with walk-in closets and en-suite baths, and covered patios or decks — buyers can typically choose between first-floor units for easy access or second-floor units with better views. The amenity package is modest but well-matched to the community's size: a central clubhouse with a fitness/exercise room and multi-purpose meeting space, an outdoor pool with a sizable patio, and the lakeside walking and biking trails that thread through the property. Social life is lower-key than at a big master-planned resort community — residents organize around interests like swimming and walking/hiking groups rather than a packed calendar of clubs — which tends to attract buyers who want friendly neighbors without the obligation of a heavy activities schedule. The HOA covers a broad slate of services including water, sewer, trash removal, lawn and grounds maintenance, snow removal, and common area/amenity upkeep, which removes most of the headaches of Midwest home ownership. Recent capital improvements (garage roof replacements in 2025, landscaping work in 2026) indicate an association that is actively reinvesting in the property. Location is one of Waterstone's strongest selling points. The community sits just off Washington Church Road with quick access to I-75 and I-675, putting Austin Landing's restaurants, shopping, and entertainment only minutes away and downtown Dayton roughly 20 minutes north. Cincinnati is about an hour south, making Waterstone genuinely viable for residents with ties to either metro. Everyday needs are covered by nearby Kroger, Target, ALDI, Meijer, and Dorothy Lane Market, and healthcare is well-served by Kettering Health Miamisburg and Miami Valley Hospital. Golfers have PipeStone Golf Club, Jamaica Run, and Yankee Trace within a short drive, and outdoor options include Miamisburg Community Park, Crains Run Nature Park, and the Great Miami River Recreational Trail. Dayton International Airport is roughly 30 minutes away. With its combination of lakeside setting, inclusive HOA, and proximity to both Dayton and Cincinnati, Waterstone appeals to active adults looking to downsize affordably in southwest Ohio without giving up convenience or scenery.