One Watergate

One Watergate is an established 18-story downtown Sarasota condominium with 107 units at 1111 North Gulfstream Avenue, Sarasota, Florida 34236, completed in 1974 near Sarasota Bay, Marina Jack, the Ringling Causeway, and the entrance to downtown. The building is organized around six principal two-bedroom floor-plan positions, with interiors generally ranging from approximately 1,575 to 1,736 square feet, plus private balconies. Amenities include a heated swimming pool, tennis and pickleball courts, fitness center, community room, conference room/library, grilling area, secured covered parking, EV charging, bicycle and kayak storage, and on-site management. One Watergate has also undergone a substantial recent modernization of its residential corridors, lobby, common areas, and other building components.

One Watergate

An Established Downtown Sarasota Landmark

One Watergate occupies a prominent position at 1111 North Gulfstream Avenue, where downtown Sarasota meets the waterfront and the approach to the John Ringling Causeway. Completed in 1974, it stands among the residential high-rises that helped define Sarasota's early downtown condominium era.

Unlike many newer luxury towers with a small number of very large residences, One Watergate was designed around a collection of generously proportioned two-bedroom homes, most ranging from roughly 1,575 to 1,736 square feet of interior living area across 107 units.

One Watergate occupies an interesting position in downtown Sarasota's condominium market: an established 1970s high-rise with unusually spacious residences and extensive recent improvements.

107

Condominium units

1974

Year completed

18

Stories

1,575–1,736 ft²

Principal interior areas

Six

Principal floor-plan positions

Why Buyers Love One Watergate

Established scale, modernized common spaces.

One Watergate offers something increasingly difficult to duplicate in downtown Sarasota: substantial two-bedroom residences, broad balconies, established amenities, and a central location at a comparatively modest residential scale.

Even the smaller principal layouts provide approximately 1,575 square feet, while the C and D plans approach 1,750 interior square feet. That scale gives owners room for separate living and dining areas, sizable bedrooms, generous storage, and flexible spaces that can be adapted to contemporary lifestyles.

The building's six-stack configuration also creates meaningful differences from residence to residence, while a recent modernization has refreshed the community's common areas, corridors, and building components without abandoning the generous original floor plans that define it.

Downtown SarasotaMarina JackRingling CausewaySt. Armands Circle

The Story Behind One Watergate

A 1974 landmark, thoughtfully modernized.

One Watergate dates to an important period in Sarasota's transformation from a smaller Gulf Coast city into a recognizable high-rise waterfront community. The condominium was formally established in 1974, with the original Declaration recorded in Sarasota County that June.

1974

Marshall Novak, Architect and Planner

The building was designed by Marshall Novak, Architect and Planner, with engineering by John E. Olsen and Associates. Its design reflected the priorities of its era: large two-bedroom residences, substantial balconies, centralized amenities, covered parking, and a dramatic high-rise position close to Sarasota Bay.

A Modern Refresh

Corridors, Lobby & Common Areas Renewed

Nearly five decades later, the Association undertook a major modernization effort designed to update the communal experience without abandoning One Watergate's established architectural identity, reimagining the residential corridors, lobby, office, community spaces, and conference/library.

Today, One Watergate combines the larger floor plans and established location of a 1970s downtown condominium with substantially updated common spaces and building systems.

Residences & Amenities

Six floor plans, one central address.

One Watergate contains 107 condominium units organized around six principal residential floor-plan positions, A through F, together with corresponding penthouse residences. The original two-bedroom layouts generally range from approximately 1,575 to 1,736 square feet of interior living area, plus balconies of roughly 206 to 260 square feet.

Largest Principal Plan

C / D

Compact Plans

B / E

Penthouse Level

PH-A through PH-F

Total Units

107 Residences

Residence Type	Approx. Interior Area	Approx. Balcony	Approx. Total Area
A / F	1,577 sq. ft.	260 sq. ft.	1,837 sq. ft.
B / E	1,575 sq. ft.	206 sq. ft.	1,781 sq. ft.
C / D	1,736 sq. ft.	260 sq. ft.	1,996 sq. ft.
PH-C (example)	1,736 sq. ft.	260 sq. ft.	1,996 sq. ft.

Figures reflect original condominium documents. Many residences have since been renovated or reconfigured, so present-day interiors, laundry arrangements, and parking assignments should be verified for any specific unit.

Owners enjoy:

Amenities reflect current Association House Rules and MLS information for One Watergate.

Heated swimming pool & sun deck

Tennis courts

Pickleball courts

24-hour fitness center

Community room

Conference room / library

Outdoor grilling area

Secured covered parking

Guest parking

EV charging stations

Bicycle & kayak storage

Laundry room on each residential floor

Car-washing area

On-site management

Lifestyle Policies

What to know before you buy.

Pets	Animals are generally prohibited other than birds and fish; service and support animals are handled separately under applicable rules.
Birds	Up to 2 caged birds per unit; residents must notify management.
Fish	1 fish tank per unit, maximum 30 gallons; residents must notify management.
Leasing	Owners must generally hold title for at least 2 continuous years before leasing.
Lease Term	Leases must be for 1 continuous year; no subleasing.
Purchase Approval	Board approval is required for purchases, transfers, and leases.
Right of First Refusal	Association rights apply under the governing documents.
Parking	Each unit has one or more covered parking spaces; exact assignments vary.
Guest Parking	Limited guest parking is available with applicable permit procedures.
Fitness Center	Available 24 hours a day to residents and registered guests.
Pool	Available from approximately one-half hour after sunrise until one-half hour before sunset.
Tennis / Pickleball	Courts available from 8:00 a.m. to 10:00 p.m.
Grilling	Common gas grills available from 8:00 a.m. to 10:00 p.m.; grilling on private balconies is prohibited.
In-Unit Laundry	May be installed with prior written Board approval.

Governing documents, Association rules, fees, assessments, leasing restrictions, pet policies, parking assignments, renovation plans, amenities, and services may change over time. Buyers and sellers should verify the most current information directly with the Association and other applicable authorities.

Frequently Asked Questions

Everything buyers ask us first.

Where is One Watergate?

One Watergate is located at 1111 North Gulfstream Avenue, Sarasota, Florida 34236, near Sarasota Bay at the western edge of downtown, close to Marina Jack and the Ringling Causeway.

When was One Watergate completed?

One Watergate was completed in 1974.

How many units are there?

The condominium documents identify 107 units, including Association-owned Unit 1-B.

How tall is the building?

One Watergate is an 18-story high-rise.

What are the main floor plans?

The original building is organized around six principal residence types: A, B, C, D, E, and F. The penthouse level follows the same general stack organization with PH-A through PH-F.

How large are the residences?

The principal original floor plans generally range from approximately 1,575 to 1,736 square feet of interior living area. Typical total areas, including balconies, range from approximately 1,781 to 1,996 square feet.

Which are the largest original floor plans?

The C and D plans are the largest of the principal original layouts at approximately 1,736 interior square feet, plus about 260 square feet of balcony space.

Do the residences have balconies?

Yes. The original plans include private balconies of approximately 206 to 260 square feet, depending on residence type. Many corner residences enjoy wraparound or broad balcony configurations.

What views are available?

Views vary significantly by stack and elevation. Depending on residence position, outlooks may include Sarasota Bay, Marina Jack, downtown Sarasota, the Ringling Causeway, Lido Key, Longboat Key, and distant Gulf views.

What amenities does One Watergate offer?

Amenities include a heated swimming pool, tennis courts, pickleball courts, fitness center, community room, conference room/library, outdoor gas grills, covered parking, guest parking, EV charging stations, bicycle storage, kayak storage, laundry rooms on each residential floor, and on-site management.

Is the fitness center open 24 hours?

Yes. The fitness center is available 24 hours a day, seven days a week to residents and registered guests.

Are pets allowed?

Generally, no. The Association permits only birds and fish, subject to registration and limits. Up to two caged birds are permitted, and one fish tank of up to 30 gallons is allowed per residence. Service and support animals are handled separately.

Are rentals permitted?

Yes, but the restrictions are strict. Owners generally must have held title continuously for at least two years before leasing, and leases must then be for one continuous year. Subleasing is not permitted.

Is Association approval required to purchase?

Yes. Applications for the purchase, transfer, or lease of a residence must be approved by the Board of Directors.

Does the Association have a right of first refusal?

Yes. The governing documents provide the Association with a right of first refusal in connection with certain transfers, so buyers and sellers should follow the required approval and notice procedures.

How many parking spaces come with a residence?

Each residence is associated with one or more covered parking spaces, but the exact number varies. Some residences convey with one space, others with two, and certain units have additional parking arrangements.

Does every unit have in-unit laundry?

No. Common laundry rooms are located on each residential floor. Individual washers and dryers may be installed within a residence with prior written Board approval.

Has One Watergate been renovated?

Yes. The community has undergone a major modernization of its residential corridors, lobby, elevator and mailbox areas, Association office, common room, and conference room/library. Other recent improvements have included updated windows and exterior doors, roof work, recreational facilities, landscaping, and fitness-center improvements.

Is One Watergate directly waterfront?

No. The building is very close to Sarasota Bay and enjoys substantial water views from many residences, but the condominium parcel itself is not directly bayfront.

What is nearby?

Residents are close to Marina Jack, Bayfront Park, the Sarasota Farmers Market, downtown restaurants and theaters, the Sarasota Opera House, Florida Studio Theatre, and the Ringling Causeway. St. Armands Circle and Lido Beach are only minutes away across the bridge.

Does One Watergate have an official website?

Yes. Visit the One Watergate Association website for current information.

Buying in One Watergate

Find your residence.

With six principal floor-plan positions and meaningful differences in elevation, orientation, parking, storage, and renovation history, comparing residences at One Watergate requires more than simply looking at square footage. Buyers should consider stack, floor level, Sarasota Bay and skyline exposure, balcony configuration, renovation quality, in-unit laundry, parking assignment, storage, and the specific view corridor associated with the residence. Because many interiors have been remodeled over the decades, buyers should also pay close attention to window and door upgrades, kitchen and bath renovations, plumbing and electrical improvements, flooring, HVAC systems, and Association approval history for alterations. With more than four decades of experience representing Sarasota and Longboat Key's finest properties, Pettingell Professionals helps buyers understand these distinctions and make informed, property-specific decisions.

Selling Your Residence in One Watergate

Tell your residence's story.

Today's luxury buyers begin their search long before they schedule a showing. They compare communities, study floor plans, evaluate views and locations, and look for reliable information about the details that affect ownership. That's why we've created one of Sarasota's most comprehensive luxury condominium and residential community guides. Our goal is simple. When someone searches for One Watergate or 1111 North Gulfstream Avenue, we want them to find accurate, informative, and complete information about the community. More importantly, we want your residence to be part of that discovery. A One Watergate residence should not be presented as simply another downtown Sarasota condominium. Its stack, floor level, Sarasota Bay and city views, balcony configuration, renovation history, parking, storage, and interior upgrades are all important parts of its story. Combined with exceptional photography, aerial imagery when appropriate, cinematic video, strategic digital marketing, and more than four decades of experience representing Sarasota and Longboat Key's finest properties, we position your residence where today's luxury buyers begin their search.

The Pettingell Community Guides

Exceptional real estate decisions begin with exceptional information.

The Pettingell Community Guides were created to provide buyers and sellers with accurate, objective, and thoughtfully researched information about Sarasota and Longboat Key's most exceptional condominium communities, residential neighborhoods, and waterfront enclaves. Every guide is independently researched, regularly updated, and written to help you understand not only the facts about a community, but also the history, lifestyle, architecture, and details that make it unique.

Rather than relying on marketing language or generic descriptions, our goal is to create the most complete and trustworthy resource available for each community we cover. Whether you're buying, selling, or simply exploring Sarasota's luxury real estate market, we hope these guides help you make more informed decisions and discover the communities that best fit your lifestyle.