I usually don't do this... you are lucky! I'm the first to respond, others here will just tell you to go on redfin.com and just look it up yourself, but since we lived in Watermarke and I know the surrounding properties, I have made it my personal mission to discourage anyone else from living there... Please read the following links, they are lengthy opinions and personal experience with Watermarke...
<a href="http://www.irvinehousingblog.com/forums/viewthread/5290/">#1</a>
<a href="http://www.irvinehousingblog.com/forums/viewthread/1681/">#2</a>
<a href="http://www.irvinehousingblog.com/forums/viewthread/39/">#3</a>
good luck, choose well & welcome!