Waterstone is a smaller-home building in the Crescent Park area, with eight floor plans of one and two bedrooms.
Waterstone at a glance
Monthly costs and fees
Up to about $688 a month in recent listings. The $375 master fee covers basic Hotwire cable and internet, the CenterPointe Club and The Resort (gyms and pools), the parks, playgrounds and courts, and 24/7 community security; the beach shuttle is funded separately. Phase I homes also pay Mello-Roos (CFD No. 4) with the property tax bill. It is based on square footage, can rise up to 2% a year, and is expected to end in 2031 when the bonds are paid off. Most Phase I condo HOAs include water. When a home sells, a 0.75% Community Enhancement Fee goes to Playa Vista Community Services, partly to help preserve the Ballona Wetlands. It is a cash closing cost that cannot be financed. Buyers sometimes take it on in a hot market, but most of the time I see it split between buyer and seller. I pull the current HOA budget before a client writes an offer.
What stands out at Waterstone
- Eight floor plans, one and two bedrooms
- Dens in select plans
- Close to Crescent Park and the wetland trails
- One of the more affordable buildings on the Crescent Park side
Living at Waterstone
Several plans include a den, which helps a one bedroom work for someone who needs a home office. It is one of the more affordable ways into the Crescent Park side of Phase I.
You are close to Crescent Park, the CenterPointe Club and the trails along the wetlands.
Floor plans
Eight plans from 770 to 1,265 sq ft.
Homes for sale at Waterstone
Homes here often trade quietly, and the best units go fast. Tell me what you are looking for and I will send you every new listing and sale at Waterstone the day it hits the market, plus off-market opportunities when I hear about them.
Buying or selling at Waterstone?
I lived in Playa Vista for seven years and I still work here almost every day, from my office across from Concert Park. I can walk you through recent sales, which units hold their value best and what to look for in the HOA documents.
More Playa Vista communities
Back to the full Playa Vista neighborhood guide ยท Free Buyer’s Guide and Seller’s Guide
Community details come from builder materials and public records; HOA figures come from recent TheMLS listings as of October 2026. Information deemed reliable but not guaranteed. Official community information: playavista.com.
