Watermark Condos for Sale in the Marina District

A 5-story mid-rise building in the Marina District

Watermark offers a quieter, mid-rise alternative to the Marina District’s towers. Watermark is a 5-story condominium building at 650 Columbia Street and 655 India Street in the Marina District, in Downtown San Diego’s 92101 zip code. Completed in 1991 by Watermark Ltd., its 96 homes cover a full city block across from Pantoja Park, close to the waterfront and Seaport Village.

Watermark was built when land downtown cost less, and it shows in all the best ways: full-size, non-tandem parking spaces, wide hallways, spacious residences and enchanting courtyards on both sides of the building. Homes look out over the city skyline, the park or the bay, and residents share an on-site fitness center, a BBQ area and on-site security. Up to two pets are welcome with no weight limit.

Pantoja Park, one of San Diego’s oldest public parks, is right across the street, and the Embarcadero, Seaport Village and the Gaslamp Quarter are all a short walk away. For buyers who want room to breathe and a real neighborhood feel close to everything, Watermark is an easy place to call home.

Street Address: 650 Columbia Street & 655 India Street
HOA Fees: $1,040–$1,120/mo (2025–26 data)
Storage: No
Pets: 2 pets (no weight limit)
Pool: No
Spa: No
Year Built: 1991
Units: 96
Stories: 5
Guest Suites: No
Exercise: Yes
BBQ: Yes. Personal, non-charcoal BBQs allowed on balconies.
Concierge: No
Security: Yes
Guest Parking: No
Electric Vehicle: Owner may install at their own expense.
Lease Restrictions: 30-day minimum
Builder: Watermark Ltd.

Watermark condos for sale

Watermark market snapshot, October 2026

1 home is for sale at Watermark, listed at $1,200,000.

Over the past 12 months, 4 homes sold at a median price of $795,000 ($634 per square foot), ranging from $586,000 to $1,150,000. The typical home sold in 15 days.

Based on MLS data compiled by The Neuman Team. Updated October 5, 2026. Information deemed reliable but not guaranteed.

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Floor plans at Watermark

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Lifestyle in Watermark condos

Is Watermark right for you?

Watermark suits buyers who would rather live in a smaller, lower-key building than a high-rise, the kind of place where neighbors get to know each other. Pet owners will appreciate the policy, which allows up to two pets per unit, with no weight limit. For anyone who wants the bay close by and the car parked most days, the location speaks for itself.

What to weigh before you buy

Dues run $1,040–$1,120 a month (based on the past year), covering the fitness center, BBQ area, on-site security and common-area upkeep. There is no pool, concierge or guest parking, so visitors use nearby street or public parking.

Leases must be at least 30 days, so nightly rentals aren’t allowed, but monthly and longer rentals are.

Buying or selling at Watermark

The Neuman Team has represented buyers and sellers of Downtown San Diego condominiums since 1981, with more than 7,400 closed sales, and has been #1 in 92101 for homes sold since 2000. Contact us to see which homes at Watermark are available, or to find out what your unit could sell for today.

Frequently Asked Questions

Does Watermark allow pets?

Yes. Watermark allows up to two pets per unit, with no weight limit. Check the HOA’s current rules before you buy, as policies can change.

What are the HOA fees at Watermark?

HOA dues at Watermark run about $1,040–$1,120 per month, based on sales and listings from the past year. Dues cover the fitness center, BBQ area, on-site security and common-area upkeep.

Can I rent out my Watermark condo?

Yes, with limits. Watermark requires a 30-day minimum lease, as California law allows condo associations to do, so nightly and weekly short-term rentals such as Airbnb aren’t allowed. Monthly and longer rentals are permitted under the HOA’s rules.

What amenities does Watermark have?

Watermark offers a fitness center, a BBQ area and on-site security. There is no pool, concierge or guest parking.

Where is Watermark in Downtown San Diego?

Watermark is at 650 Columbia Street and 655 India Street in the Marina District. The 5-story mid-rise building of 96 homes was completed by Watermark Ltd. in 1991.