Water being one of the foremost needs for human survival, conservation, and management of the resource must be given ultimate significance. Water demand has increased tremendously all over the world from the past decade due to urbanization, climatic change, and ineffective management of water. The advancement in sensor and wireless communication technology encourages implementing the IoT in a wide range. In this study, an IoT-based architecture is proposed and implemented for monitoring the level and quality of water in a domestic water tank with customized hardware based on 2.4 GHz radiofrequency (RF) communication. Moreover, the ESP 8266 Wi-Fi module-based upper tank monitoring of the proposed architecture encourages provide real-time information about the tank through internet protocol (IP). The customized hardware is designed and evaluated in the Proteus simulation environment. The calibration of the pH sensor and ultrasonic value is carried out for setting the actual value in the prototype for obtaining the error-free value. The customized hardware that is developed for monitoring the level and quality of water is implemented. The real-time visualization and monitoring of the water tank are realized with the cloud-enabled Virtuino app.