A quite large city on the Sword Coast, at the junction of two major roads and a river. Waterdeep has recently exceeded the size of Baldur’s Gate, and is now the largest city within a 500 mile radius at the very least.
Waterdeep is ruled by the Waterdeep Council, the members of which are a secret, except for their elected leader, the Speaker. The other council members wear a specific costume and mask for official business, though it is often speculated about who is on the council, it is judged a crime for a council member to reveal their identity or membership.
Waterdeep also contains the Waterdeep Great Library