A personal watercraft is disclosed, having a straddle-type seat disposed on a deck. The seat has a seat profile. A storage compartment is disposed rearwardly of the seat. A rear platform is pivotally connected to a rear portion of the watercraft. The rear portion has a raised portion protruding therefrom. The raised portion of the rear portion forms at least in part the storage compartment. The rear platform permits access to the storage compartment when in a raised position, and sealingly closes the storage compartment when in a lowered position. A highest point of the rear platform is disposed lower than the seat profile when the rear platform is in the lowered position.