Watersound

Key facts from Watersound's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Section 1.1)

Developer / declarant

The St. Joe Company, a Florida corporation (First paragraph of Declaration)

Governing law

Florida law (including Florida Uniform Statutory Rule Against Perpetuities) (Section 1.2 and general references)

Assessments & dues

Not fixed; Base Assessment set by Board each year (Section 8.1, Page 35)

Special assessments

Allowed; thresholds for repair decisions require 75% Class A vote; no percentage given for general special assessment (Section 7.2, Page 29 (repair decision); )

Reserves & fees

Board may budget for reserves per Section 8.3 (Section 8.3)

Leasing & rentals

Yes, principal dwelling may be leased only in its entirety; guest house may be independently leased (Section 3.1(b))

Parking & vehicles

Vehicles only in garage or driveway; commercial vehicles, RVs, boats must be in enclosed garage; sports utility vehicles and mini-vans allowed in driveway (Exhibit C Section (p), Page 80)

Architectural approval

Yes, for all exterior improvements and landscaping (Article IV, Section 4.1, Page 18)

Signs & flags

Religious/holiday displays protected; political signs subject to time/place/manner regulation (Section 3.5(b), Page 17)

Insurance

Owner must carry full replacement cost property insurance on improvements (Section 5.3, Page 25)

Use restrictions

Residential Lots primarily residential; home business allowed if ancillary and not detectable (Section 3.1(a), Page 13-14)

Amendments

During Development and Sale Period, Declarant may amend unilaterally; thereafter, by 75% of Class A votes (Section 20.2) or more restrictive (Article XX)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.