Watermark Tower

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About Watermark Tower

Watermark Tower is a High-Rise building in Downtown, Seattle. Built in 1983 with 95 residences across 22 stories.

Monthly HOA fees range from $800–$1700. The building has a Walk Score of 99.

Building Details

A pioneering 22-story Downtown Seattle high-rise at 1107 1st Ave, completed in 1983 with 95 residences. One of the earliest modern condominium towers in Seattle with 40+ years of established HOA governance.

Watermark Tower is a 22-story condominium high-rise at 1107 1st Ave in Downtown Seattle, completed in 1983 as one of the earliest purpose-built modern condominium towers in the city. The building’s 95 residences have established Watermark Tower as one of Downtown’s most enduring and well-governed condo communities over more than four decades of operation.

The 1107 1st Ave address positions residents in the heart of Downtown Seattle, with direct walkability to Pike Place Market, the Seattle Art Museum, the waterfront, and the city’s central business district. Upper floors of the 22-story tower deliver sweeping views of Elliott Bay, the Olympic Mountains, and the Seattle skyline.

With over 40 years of HOA operation, Watermark Tower’s reserves are among the most mature in the city. The 1983 vintage also means the building predates many of Seattle’s current condo regulations, giving it unique legal and financial characteristics that experienced buyers and their advisors should understand. Reserve study data, special assessment history, and HOA meeting minutes are all available for review.

Jeff Reynolds specializes in the established high-rise condo segment of Downtown Seattle, where buildings like Watermark Tower offer proven governance histories and competitive pricing relative to newer towers. Jeff tracks every sale in the building and can provide HOA financials, comparable sales data, and a complete due diligence package for buyers considering Watermark Tower.

Frequently Asked Questions

Where is Watermark Tower located? +

Watermark Tower is located at 1107 1st Ave, Seattle, WA 98101 in Downtown Seattle. The 22-story tower is positioned steps from Pike Place Market and the Seattle waterfront, within walking distance of the Seattle Art Museum, major transit hubs, and the central business district. Walk Score is among the highest in the city.

How many units does Watermark Tower have? +

Watermark Tower has 88 residential units across 22 floors, completed in 1983. Floor plans range from studios to larger multi-bedroom residences. The building’s 40+ year operating history provides an exceptional resale record and well-documented HOA financials. Contact Jeff Reynolds for current inventory and recent comparable sales at Watermark Tower.

What year was Watermark Tower built? +

Watermark Tower was completed in 1983, making it one of the earliest modern condominium high-rises in Downtown Seattle. With more than 40 years of HOA operation, the building has fully matured reserves and a comprehensive financial history that supports buyer due diligence. The 1983 vintage means HOA documents may reflect pre-Washington Condo Act structures that buyers should review carefully.

What are HOA fees at Watermark Tower? +

HOA fees at Watermark Tower are estimated at $600 to $1,200 per month depending on unit size and floor. As a 1983 building with 40+ years of reserve contributions, the HOA’s financial position is mature and well-documented. Fees cover building operations, amenities, and reserve fund contributions. Contact Jeff Reynolds for the current fee schedule and a full HOA financial review.

Does Watermark Tower allow rentals? +

Rental policy data for Watermark Tower is to be verified with the HOA. In established Downtown buildings of the 1983 era, rental policies vary. Jeff Reynolds can confirm the current rental cap status, available rental slots, and owner-occupancy ratios at Watermark Tower. This information is critical for buyers who may want rental flexibility or need to meet FHA owner-occupancy requirements.