Diamondoid cations are reactive intermediates in their functionalization reactions in polar solution. Hydration is predicted to strongly activate their C−H bonds in initial proton abstraction reactions. To study the effects of microhydration on the properties of diamondoid cations, we characterize herein the prototypical monohydrated adamantane cation (C10H16+–H2O, Ad+–W) in its ground electronic state by infrared photodissociation spectroscopy in the CH and OH stretch ranges and dispersion‐corrected density functional theory (DFT) calculations. The water (W) ligand binds to the acidic CH group of Jahn–Teller distorted Ad+ via a strong CH⋅⋅⋅O ionic H‐bond supported by charge–dipole forces. Although W further enhances the acidity of this CH group along with a proton shift toward the solvent, the proton remains with Ad+ in the monohydrate. We infer essentially free internal W rotation from rotational fine structure of the ν3 band of W, resulting from weak angular anisotropy of the Ad+–W potential.