Seattle Condo Buildings
Watermark Tower
Established downtown condominium near the waterfront and Pike Place Market, incorporating preserved historic Colman Building facade elements.
1107 1st Avenue · Downtown · Seattle
Building note: Public sources conflict: approximately 85, 88, or 95 residences; verify association records.
At a Glance
- Built
- 1983
- Stories
- 22 fl
- Neighborhood
- Downtown
- Market
- Seattle
- Building Type
- Established high-rise condominium
Building Features & Ownership Details
ParkingSecured resident parking
StorageResident storage reported
- Fitness center
- Rooftop deck or terrace
- Fitness center
- Yes
- Rooftop deck or terrace
- Yes
Building features listed above reflect current public building sources. Availability, access and any associated cost should be confirmed with the association.
About the Building
Watermark Tower is an established downtown high-rise at 1107 1st Avenue, notable because it incorporates preserved facade elements of the historic Colman Building at its base. The result is a tower that sits inside the historic waterfront blocks rather than standing apart from them.
The common program is unusually broad for a building of its era: fitness center, sauna, conference and community room, rooftop deck, a tennis court and an on-site resident manager. Public sources disagree on the exact residence count, so the building note on this page is the honest version rather than a single number.
Residence Character
- Placement between Pike Place Market and the waterfront makes walkability the primary daily benefit.
- View potential toward Elliott Bay varies significantly by floor and orientation.
- Secured resident parking and resident storage are reported at the building level; confirm what conveys with a specific residence.
Amenities
- Fitness center
- Sauna
- Conference / community room
- Rooftop deck
- Tennis court
- On-site resident manager
Rental & Investment Rules
Rental flexibility can materially affect both investment use and future resale. A building with no rental cap may still require a minimum lease term or prohibit short-term rentals.
- Building Rental Cap
- No building rental cap · observed practice
- Current Cap Status / Waitlist
- No building rental cap reported by the current specialist building profile. Minimum lease evidence reflects observed rental practice, not a governing document.
- Minimum Lease / Stay
- 12 months, board approval reported (current rental evidence) · verify current HOA minimum
- Short-Term Rentals Permitted by Association?
- Current HOA documents required
- Subleasing
- Current HOA details required
- Lease / Registration Requirements
- Current HOA details required
- Move-In / Rental Fees
- Current HOA details required
- Background Check
- Current HOA details required
Important
No Rental Cap ≠ Short-Term Rental
A building can allow an unlimited number of owners to lease their residences while still requiring a 30-day, three-month, six-month, twelve-month, or longer minimum lease. Rental-cap percentage and minimum lease duration are separate rules and should always be reviewed independently.
What Buyers Should Know
Due-diligence checklist
- Resale certificate
- Reserve study
- Budget and financial statements
- Insurance
- Assessments
- Capital projects
- Litigation
- Rental rules
- Owner occupancy
- Financing / warrantability
- Parking and storage rights
- View / future development
- Building systems and age
What Sellers Should Know
Who you compete with
Sellers compete with current same-building inventory, similar stacks, floor height, views, parking, condition, amenities and nearby buildings.
Current Listings
Currently available at Watermark Tower
Live availability for Watermark Tower is served by IDX Broker from NWMLS data. Editorial content on this page stays Pinnacle Group's own.
Live NWMLS listing data is not connected yet. This section is the reserved IDX Broker integration point, so no listing counts, prices, or availability are shown.
Listing data, when connected, is provided by Northwest Multiple Listing Service (NWMLS) through IDX Broker. Information is deemed reliable but not guaranteed and must be independently verified.
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Association rental and leasing rules, rental caps, current cap availability, waitlists, minimum lease terms, fees and short-term-rental policies can change at any time. Information should be independently verified through the current resale certificate, declaration, rules and regulations, association management and applicable City of Seattle requirements before purchase or lease.