diff --git a/samples/TestApplication/Program.cs b/samples/TestApplication/Program.cs
index a67f6881da..90bb76905d 100644
--- a/samples/TestApplication/Program.cs
+++ b/samples/TestApplication/Program.cs
@@ -341,8 +341,11 @@ namespace TestApplication
 								Foreground = SolidColorBrush.Parse("#727272"),
 								Margin = new Thickness(0, 0, 0, 10)
 							},
-							new TextBox { Text = "Lorem ipsum dolor sit amet, consectetur adipiscing elit.", Width = 200 },
-							new TextBox { AcceptsReturn = true, TextWrapping = TextWrapping.Wrap, Width = 200, Height = 150, Text = "Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus magna. Cras in mi at felis aliquet congue. Ut a est eget ligula molestie gravida. Curabitur massa. Donec eleifend, libero at sagittis mollis, tellus est malesuada tellus, at luctus turpis elit sit amet quam. Vivamus pretium ornare est." },
+
+							new TextBox { Text = "Lorem ipsum dolor sit amet, consectetur adipiscing elit.", Width = 200},
+                            new TextBox { Width = 200, Watermark="Watermark"},
+                            new TextBox { Width = 200, Watermark="Floating Watermark", UseFloatingWatermark = true },
+                            new TextBox { AcceptsReturn = true, TextWrapping = TextWrapping.Wrap, Width = 200, Height = 150, Text = "Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus magna. Cras in mi at felis aliquet congue. Ut a est eget ligula molestie gravida. Curabitur massa. Donec eleifend, libero at sagittis mollis, tellus est malesuada tellus, at luctus turpis elit sit amet quam. Vivamus pretium ornare est." },
 							new TextBlock
 							{
 								Margin = new Thickness(0, 40, 0, 0),
diff --git a/src/Perspex.Controls/TextBox.cs b/src/Perspex.Controls/TextBox.cs
index ad48cc49af..2d00e50814 100644
--- a/src/Perspex.Controls/TextBox.cs
+++ b/src/Perspex.Controls/TextBox.cs
@@ -39,6 +39,12 @@ namespace Perspex.Controls
         public static readonly PerspexProperty<TextWrapping> TextWrappingProperty =
             TextBlock.TextWrappingProperty.AddOwner<TextBox>();
 
+        public static readonly PerspexProperty<string> WatermarkProperty =
+            PerspexProperty.Register<TextBox, string>("Watermark");
+
+        public static readonly PerspexProperty<bool> UseFloatingWatermarkProperty =
+            PerspexProperty.Register<TextBox, bool>("UseFloatingWatermark");
+
         private TextPresenter _presenter;
 
         static TextBox()
@@ -101,6 +107,18 @@ namespace Perspex.Controls
             set { SetValue(TextProperty, value); }
         }
 
+        public string Watermark
+        {
+            get { return GetValue(WatermarkProperty); }
+            set { SetValue(WatermarkProperty, value); }
+        }
+
+        public bool UseFloatingWatermark
+        {
+            get { return GetValue(UseFloatingWatermarkProperty); }
+            set { SetValue(UseFloatingWatermarkProperty, value); }
+        }
+
         public TextWrapping TextWrapping
         {
             get { return GetValue(TextWrappingProperty); }
diff --git a/src/Perspex.Themes.Default/TextBoxStyle.cs b/src/Perspex.Themes.Default/TextBoxStyle.cs
index 3b3bfca452..7f72c68c3f 100644
--- a/src/Perspex.Themes.Default/TextBoxStyle.cs
+++ b/src/Perspex.Themes.Default/TextBoxStyle.cs
@@ -8,6 +8,7 @@ using Perspex.Controls.Primitives;
 using Perspex.Controls.Templates;
 using Perspex.Media;
 using Perspex.Styling;
+using System.Reactive.Linq;
 
 namespace Perspex.Themes.Default
 {
@@ -58,21 +59,49 @@ namespace Perspex.Themes.Default
                 [~Border.BackgroundProperty] = control[~TemplatedControl.BackgroundProperty],
                 [~Border.BorderBrushProperty] = control[~TemplatedControl.BorderBrushProperty],
                 [~Border.BorderThicknessProperty] = control[~TemplatedControl.BorderThicknessProperty],
-                Child = new ScrollViewer
+
+                Child = new StackPanel
                 {
-                    [~ScrollViewer.CanScrollHorizontallyProperty] = control[~ScrollViewer.CanScrollHorizontallyProperty],
-                    [~ScrollViewer.HorizontalScrollBarVisibilityProperty] = control[~ScrollViewer.HorizontalScrollBarVisibilityProperty],
-                    [~ScrollViewer.VerticalScrollBarVisibilityProperty] = control[~ScrollViewer.VerticalScrollBarVisibilityProperty],
-                    Content = new TextPresenter
+                    Children = new Controls.Controls
                     {
-                        Name = "textPresenter",
-                        [~TextPresenter.CaretIndexProperty] = control[~TextBox.CaretIndexProperty],
-                        [~TextPresenter.SelectionStartProperty] = control[~TextBox.SelectionStartProperty],
-                        [~TextPresenter.SelectionEndProperty] = control[~TextBox.SelectionEndProperty],
-                        [~TextBlock.TextProperty] = control[~TextBox.TextProperty],
-                        [~TextBlock.TextWrappingProperty] = control[~TextBox.TextWrappingProperty],
+                        new TextBlock
+                        {
+                            Name  = "floatingWatermark",
+                            Foreground = SolidColorBrush.Parse("#007ACC"),
+                            FontSize = 10,
+                            [~TextBlock.TextProperty] = control[~TextBox.WatermarkProperty],
+                            [~TextBlock.IsVisibleProperty] = control[~TextBox.TextProperty].Cast<string>().Select(x => (object)(!string.IsNullOrEmpty(x) && control.UseFloatingWatermark))
+                        },
+                        new Panel
+                        {
+                            Children = new Controls.Controls
+                            {
+                                new TextBlock
+                                {
+                                    Name = "watermark",
+                                    Opacity = 0.5,
+                                    [~TextBlock.TextProperty] = control[~TextBox.WatermarkProperty],
+                                    [~TextBlock.IsVisibleProperty] = control[~TextBox.TextProperty].Cast<string>().Select(x => (object)string.IsNullOrEmpty(x))
+                                },
+                                new ScrollViewer
+                                {
+                                    [~ScrollViewer.CanScrollHorizontallyProperty] = control[~ScrollViewer.CanScrollHorizontallyProperty],
+                                    [~ScrollViewer.HorizontalScrollBarVisibilityProperty] = control[~ScrollViewer.HorizontalScrollBarVisibilityProperty],
+                                    [~ScrollViewer.VerticalScrollBarVisibilityProperty] = control[~ScrollViewer.VerticalScrollBarVisibilityProperty],
+                                    Content = new TextPresenter
+                                    {
+                                        Name = "textPresenter",
+                                        [~TextPresenter.CaretIndexProperty] = control[~TextBox.CaretIndexProperty],
+                                        [~TextPresenter.SelectionStartProperty] = control[~TextBox.SelectionStartProperty],
+                                        [~TextPresenter.SelectionEndProperty] = control[~TextBox.SelectionEndProperty],
+                                        [~TextBlock.TextProperty] = control[~TextBox.TextProperty],
+                                        [~TextBlock.TextWrappingProperty] = control[~TextBox.TextWrappingProperty],
+                                    }
+                                }
+                            }
+                        }                        
                     }
-                }
+                },
             };
 
             return result;