Five-year reserve planning My HOA Budget

West Palm Beach, Florida condo association

Claim this page

One Watermark Place

One Watermark Place is a condo association in West Palm Beach, Florida. This profile tracks monthly dues $6,250–$8,750/mo, 48 units, built in 2003, reserve study status not yet verified, along with amenities, reserve...

condo Public records Reserve health: No study on record Browse West Palm Beach communities Florida reserve laws

Profile 56% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 48
Year built 2003
Monthly dues $6,250–$8,750/mo
Reserve health Check my risk
Median sale price $5.97M

Amenities

PoolGymSpaSaunaClubhouseConciergeDoormanParking garageBoat dockBusiness centerElevatorStorage

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

One Watermark Place has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for One Watermark Place based on reserve health, building age, and Florida requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
I am a...

Values used: scaled defaults where community data is unknown — starting reserve (scaled from unit count at $15k/unit); annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve$3.07MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$3.1M
Annual dues increase+5% compounding · $3.60M/yr → $4.59M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $3.02M/yr → $3.68M/yr by 2031
4%
Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About One Watermark Place

One Watermark Place is a 48-unit ultra-luxury boutique condo tower on the Intracoastal Waterway in West Palm Beach, completed in 2003 by WCI. The 15-story building has roughly 3 units per floor, with private elevators and residences ranging from 4,035 to 9,061 sq ft. Views face across the Intracoastal to Palm Beach and the Atlantic.

What we know

  • Units: 48 (3–5 bedrooms, 4,035–9,061 sq ft)
  • Year built: 2003
  • Monthly dues: $6,250–$8,750/mo
  • Amenities: Private marina with slips for boats up to 100 ft, heated waterfront pool with sundeck, private cabanas with towel service, full-service spa, sauna, fitness center, private movie theater, game room, business center, library, conference room, social room, pet run, guarded entry, 24-hour concierge, valet, doorman, underground parking (min 2 per unit)
  • Median sale price: ~$5.97M (avg asking: $7.07M, 85% list-to-sale ratio)
  • Active listings: Currently 0 (3 sold in the past year)

Reserve health

Reserve health hasn’t been verified for One Watermark Place yet. Before you approve a budget, pay a special assessment, or close on a unit here, Florida law defines exactly what reserve records a condo must keep and what owners can request — see Florida condo reserve funding rules.

What’s still missing

  • Management company name
  • Board roster
  • Reserve study date and reserve balance
  • Special assessment history
  • Community photos

For board members

If you serve on this board, you can claim this page to add reserve data, board roster, and community photos.

More West Palm Beach communities

View West Palm Beach directory
Public records CityPlace South Tower
421 units $530–$1,280/mo condo

Florida laws that apply here

Condo reserve funding

Florida condominium reserve funding rules, in plain language

How Florida's Chapter 718 condominium statute actually handles reserves — through a default budget framework, a member-vote waiver mechanism for some reserves, and the post-Surfside Structural Integrity Reserve Study regime that makes certain reserves non-waivable — and what all of that means for a board, owner, or buyer.

Fla. Stat. § 718.112(2)(f) and (g) — condominium annual budgets, reserve accounts, waiver limits, and Structural Integrity Reserve Study requirements, with milestone-inspection cross-reference to Fla. Stat. § 553.899 Reserve funding

Florida HOA reserve funding rules, in plain language

How Florida Statutes Chapter 720 actually handles HOA reserves, why they are elective rather than mandatory, and what that means for a board, owner, or buyer making a real decision.

Florida Statutes § 720.303(6) — Budgets; reserves

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make One Watermark Place look as good online as it does in person.

Claim this page

Next step

Need documents from One Watermark Place?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents