Seattle Condo Authority Network • Downtown
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.
Building Profile
| Building Name | Watermark Tower |
| Address | 1107 1st Ave, Seattle, WA 98101 |
| Year Built | 1983 |
| Total Units | 95 |
| Stories | 22 |
| Neighborhood | Downtown, Seattle, WA |
| HOA Fees | $600–$1,200/mo (est.) |
| Price Range | Data to be verified |
| Rental Policy | Data to be verified |
| Parking | Assigned underground parking |
| Pet Policy | Pets allowed (verify restrictions with HOA) |
About This Building
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.
Due Diligence
Key factors every buyer should evaluate before making an offer at Watermark Tower. Jeff Reynolds reviews these items as part of every buyer consultation for this building.
Watermark Tower’s $600–$1,200/mo HOA is among the higher ranges in Seattle. Before comparing to lower-fee buildings, confirm exactly what is included: full-service amenities, parking, concierge, reserve contributions, and building insurance. At 40+ years of operation, verify the reserve fund is adequately funded for a building of this age and complexity.
Watermark Tower was completed in 1983—over 40 years ago. At this age, major building systems have been through at least one replacement cycle. Request the reserve study with full capital improvement history. Verify the status of elevators, mechanical systems, plumbing, and façade.
95 units clears Fannie Mae thresholds, but 40-year-old buildings with elevated HOA ranges can face lender scrutiny on reserve adequacy. Verify reserve percent-funded meets your lender’s minimum requirements before locking financing.
A building named Watermark Tower in downtown Seattle is likely positioned for water or city views. Verify which floors and orientations deliver the view profile—at 40+ years of age, view units command significant premiums over interior units within the building.
Buyer Fit
Watermark Tower attracts specific buyer profiles based on its building format, location, ownership structure, and price point. Here is who Jeff Reynolds most often works with at this building—and why.
Watermark Tower’s higher fee range is consistent with a full-service building. For buyers who want professional concierge operations, comprehensive amenities, and a downtown high-rise experience, the fee premium is justified by what it delivers—verify the specifics before committing.
Four decades of HOA governance means every pattern, expense, and capital cycle is documented. For buyers who prioritize due diligence predictability, Watermark Tower’s history is an asset.
Watermark Tower’s full-service profile and downtown location is a consistently strong fit for buyers leaving larger homes who want to simplify their living situation without sacrificing quality. Jeff Reynolds works with this profile regularly.
Market Data
Watermark Tower trades at the upper end of the downtown Seattle condo market, reflecting its full-service profile and higher HOA range. The premium is justified—or not—by the specific amenity and view package each unit delivers. Per-square-foot values are strong for view floors.
| Unit Type | Recent Sale Range | Est. $/sq ft | Notes |
|---|---|---|---|
| 1-Bedroom | $530K–$760K | $550–$640 | Full-service premium justifies higher PSF |
| 2-Bedroom | $820K–$1.3M | $540–$620 | View floors at upper range |
| 3-Bedroom / Penthouse | $1.3M–$2.0M+ | $520–$600 | Very limited inventory; verify with Jeff |
Pricing reflects Watermark Tower in Downtown Seattle (1983 vintage, 95 units). HOA estimated at $600–$1,200/mo. Contact Jeff Reynolds for current listings, verified HOA financials, and a personalized buyer analysis.
Knowledge Base
Before buying any Seattle condo, these guides answer the questions every buyer should resolve about HOA finances, financing eligibility, and closing requirements.
What condo HOA fees cover, how they're calculated, and what to look for in a building's fee structure.
How reserve funds work, what percent-funded means, and why the reserve study matters before you buy.
How rental caps, owner-occupancy ratios, and HOA delinquency rates affect your loan eligibility.
What the resale certificate contains, why it matters, and the key red flags buyers should watch for.
Explore More
Other condos in Downtown Seattle at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all Downtown Seattle condo buildings →
Frequently Asked Questions
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.
Watermark Tower has 95 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.
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.
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.
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.
Your Downtown Seattle Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums, with deep expertise in Watermark Tower and every building in the Seattle Condo Authority Network. If you're buying or selling at Watermark Tower, Jeff has the data, the relationships, and the track record to represent you.
Jeff tracks every sale at Watermark Tower, maintains HOA financial data, and knows which floor plans and view orientations hold value best. This depth of building-level knowledge is what separates a specialist from a generalist.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.