25 Oct One Watermark Place West Palm Beach Condos: Prices, Milestone Inspection & SIRS (2026)

One Watermark Place West Palm Beach Condos: Prices, Milestone Inspection & SIRS (2026)

One Watermark Place is a condominium at 622 N Flagler Dr in West Palm Beach, built in 2003, with residences priced around $9.95 million. One Watermark Place is on North Flagler Drive along the Intracoastal Waterway, just north of downtown West Palm Beach.

One Watermark Place at a Glance

Prices and Recent Listings

Based on asking prices as of October 2026, residences at One Watermark Place are listed at around $9.95 million, depending on floor, view, size and renovation.

Milestone Inspection Status

The building is 23 years old, so its first statewide milestone inspection is not due until December 31, 2033 under the 30-year rule.

West Palm Beach follows Florida’s statewide milestone inspection law (section 553.899, Florida Statutes): the first inspection is due by December 31 of the year a building reaches 30 years of age, then every 10 years. The City of West Palm Beach Building Division (561-805-6700) administers the program, so confirm a building’s schedule with the city or the association.

Florida requires milestone inspections for condo buildings of three or more stories. Phase 1 is a visual review by a licensed engineer or architect; Phase 2 is required only if Phase 1 finds substantial structural deterioration, and repairs must begin within 365 days of the Phase 2 report. Since January 1, 2026, associations with 25 or more units must post milestone reports, the structural integrity reserve study and the budget on their website.

Reserves, SIRS and Assessments

Since budgets adopted after December 31, 2024, Florida condo associations can no longer waive or reduce reserves for the roof, structure, fireproofing, plumbing, electrical, waterproofing, windows and doors. That has raised monthly dues in many older oceanfront buildings. When comparing residences, review the current budget, the reserve balance and any planned or pending special assessments.

What Buyers Should Ask For

• The milestone inspection summary, if the building has had a milestone inspection (ask for any Phase 2 report too)
• The most recent structural integrity reserve study, or a statement that none has been completed
• The annual budget and financial statement, plus the reserve balance and any special assessments
• Board minutes from the past year, for planned repairs

For a resale, Florida law (section 718.503(2)) entitles the buyer, at the seller’s expense, to the declaration, articles, bylaws and rules, annual financial statement and budget, Q&A sheet, milestone inspection summary (if applicable), the most recent SIRS or a statement that none exists, and any turnover inspection report. Unless the buyer received them more than 7 days before signing, the buyer may cancel within 7 days (excluding weekends and legal holidays) after signing and receiving them, until closing. A buyer purchasing from the developer has 15 days (section 718.503(1)). Board minutes, reserve balances and special-assessment details are not on the statutory list; request them separately. Read our complete guide to Florida condo milestone inspections and SIRS.

Full list: see our Florida condo due diligence checklist, with every document to get before you sign and the Florida statute behind each one.

Frequently Asked Questions

How much does a condo at One Watermark Place cost?

Residences at One Watermark Place are priced around $9.95 million as of October 2026.

When is the milestone inspection due at One Watermark Place?

The first statewide milestone inspection deadline for One Watermark Place is December 31, 2033, with another inspection about every 10 years after that. Confirm the schedule and the latest report with the association or the City of West Palm Beach Building Division.

Is One Watermark Place on the water?

One Watermark Place is on Flagler Drive, which runs along the Intracoastal Waterway (Lake Worth Lagoon) across from Palm Beach island. Ask which residences have direct water views.

More West Palm Beach Luxury Condos

• Every West Palm Beach condo building with residences from $1 million
• The Plaza of the Palm Beaches, West Palm Beach
• Waterview Towers, West Palm Beach
• La Clara, West Palm Beach
• West Palm Beach, FL guide
• Palm Beach oceanfront condos
• Florida condo milestone inspection and SIRS guide (2026)

Last updated October 24, 2026. Building details come from county property records, public listings and government sources and are deemed reliable but not guaranteed. Prices are asking prices or estimates as of the date shown. Not legal, financial or engineering advice. Full disclaimer