diff --git a/builtin/providers/digitalocean/resource_digitalocean_floating_ip.go b/builtin/providers/digitalocean/resource_digitalocean_floating_ip.go
index 562e7e2b2..9a6f680ae 100644
--- a/builtin/providers/digitalocean/resource_digitalocean_floating_ip.go
+++ b/builtin/providers/digitalocean/resource_digitalocean_floating_ip.go
@@ -15,17 +15,23 @@ func resourceDigitalOceanFloatingIp() *schema.Resource {
 		Delete: resourceDigitalOceanFloatingIpDelete,
 
 		Schema: map[string]*schema.Schema{
-			"region": &schema.Schema{
-				Type:     schema.TypeString,
-				Required: true,
-				ForceNew: true,
-			},
-
 			"ip_address": &schema.Schema{
 				Type:     schema.TypeString,
 				Optional: true,
 				Computed: true,
 			},
+
+			"region": &schema.Schema{
+				Type:     schema.TypeString,
+				Optional: true,
+				ForceNew: true,
+			},
+
+			"droplet_id": &schema.Schema{
+				Type:     schema.TypeInt,
+				Optional: true,
+				ForceNew: true,
+			},
 		},
 	}
 }
@@ -34,9 +40,15 @@ func resourceDigitalOceanFloatingIpCreate(d *schema.ResourceData, meta interface
 	client := meta.(*godo.Client)
 
 	// Build up our creation options
+	opts := &godo.FloatingIPCreateRequest{}
 
-	opts := &godo.FloatingIPCreateRequest{
-		Region: d.Get("region").(string),
+	if v, ok := d.GetOk("droplet_id"); ok {
+		log.Printf("[INFO] Found a droplet_id to try and attach to the FloatingIP")
+		opts.DropletID = v.(int)
+	} else if d.Get("region").(string) != "" {
+		opts.Region = d.Get("region").(string)
+	} else {
+		return fmt.Errorf("You must specify either a Droplet ID or a Region for a FloatingIP")
 	}
 
 	log.Printf("[DEBUG] FloatingIP Create: %#v", opts)
@@ -60,6 +72,7 @@ func resourceDigitalOceanFloatingIpRead(d *schema.ResourceData, meta interface{}
 	}
 
 	d.Set("region", floatingIp.Region)
+	d.Set("ip_address", floatingIp.IP)
 
 	return nil
 }
diff --git a/builtin/providers/digitalocean/resource_digitalocean_floating_ip_test.go b/builtin/providers/digitalocean/resource_digitalocean_floating_ip_test.go
index f489aa412..2c4a438cf 100644
--- a/builtin/providers/digitalocean/resource_digitalocean_floating_ip_test.go
+++ b/builtin/providers/digitalocean/resource_digitalocean_floating_ip_test.go
@@ -9,7 +9,7 @@ import (
 	"github.com/hashicorp/terraform/terraform"
 )
 
-func TestAccDigitalOceanFloatingIP_Basic(t *testing.T) {
+func TestAccDigitalOceanFloatingIP_Region(t *testing.T) {
 	var floatingIP godo.FloatingIP
 
 	resource.Test(t, resource.TestCase{
@@ -18,7 +18,7 @@ func TestAccDigitalOceanFloatingIP_Basic(t *testing.T) {
 		CheckDestroy: testAccCheckDigitalOceanFloatingIPDestroy,
 		Steps: []resource.TestStep{
 			resource.TestStep{
-				Config: testAccCheckDigitalOceanFloatingIPConfig_basic,
+				Config: testAccCheckDigitalOceanFloatingIPConfig_region,
 				Check: resource.ComposeTestCheckFunc(
 					testAccCheckDigitalOceanFloatingIPExists("digitalocean_floating_ip.foobar", &floatingIP),
 					resource.TestCheckResourceAttr(
@@ -29,6 +29,26 @@ func TestAccDigitalOceanFloatingIP_Basic(t *testing.T) {
 	})
 }
 
+func TestAccDigitalOceanFloatingIP_Droplet(t *testing.T) {
+	var floatingIP godo.FloatingIP
+
+	resource.Test(t, resource.TestCase{
+		PreCheck:     func() { testAccPreCheck(t) },
+		Providers:    testAccProviders,
+		CheckDestroy: testAccCheckDigitalOceanFloatingIPDestroy,
+		Steps: []resource.TestStep{
+			resource.TestStep{
+				Config: testAccCheckDigitalOceanFloatingIPConfig_droplet,
+				Check: resource.ComposeTestCheckFunc(
+					testAccCheckDigitalOceanFloatingIPExists("digitalocean_floating_ip.foobar", &floatingIP),
+					resource.TestCheckResourceAttr(
+						"digitalocean_floating_ip.foobar", "region", "sgp1"),
+				),
+			},
+		},
+	})
+}
+
 func testAccCheckDigitalOceanFloatingIPDestroy(s *terraform.State) error {
 	client := testAccProvider.Meta().(*godo.Client)
 
@@ -79,7 +99,22 @@ func testAccCheckDigitalOceanFloatingIPExists(n string, floatingIP *godo.Floatin
 	}
 }
 
-var testAccCheckDigitalOceanFloatingIPConfig_basic = `
+var testAccCheckDigitalOceanFloatingIPConfig_region = `
 resource "digitalocean_floating_ip" "foobar" {
     region = "nyc3"
 }`
+
+var testAccCheckDigitalOceanFloatingIPConfig_droplet = `
+
+resource "digitalocean_droplet" "foobar" {
+    name = "baz"
+    size = "1gb"
+    image = "centos-5-8-x32"
+    region = "sgp1"
+    ipv6 = true
+    private_networking = true
+}
+
+resource "digitalocean_floating_ip" "foobar" {
+    droplet_id = "${digitalocean_droplet.foobar.id}"
+}`
diff --git a/website/source/docs/providers/do/r/floating_ip.html.markdown b/website/source/docs/providers/do/r/floating_ip.html.markdown
new file mode 100644
index 000000000..df29a3cff
--- /dev/null
+++ b/website/source/docs/providers/do/r/floating_ip.html.markdown
@@ -0,0 +1,43 @@
+---
+layout: "digitalocean"
+page_title: "DigitalOcean: digitalocean_floating_ip"
+sidebar_current: "docs-do-resource-floating-ip"
+description: |-
+  Provides a DigitalOcean Floating IP resource.
+---
+
+# digitalocean\_floating_ip
+
+Provides a DigitalOcean Floating IP to represent a publicly-accessible static IP addresses that can be mapped to one of your Droplets.
+
+## Example Usage
+
+```
+resource "digitalocean_droplet" "foobar" {
+    name = "baz"
+    size = "1gb"
+    image = "centos-5-8-x32"
+    region = "sgp1"
+    ipv6 = true
+    private_networking = true
+}
+
+resource "digitalocean_floating_ip" "foobar" {
+    droplet_id = "${digitalocean_droplet.foobar.id}"
+}
+```
+
+## Argument Reference
+
+The following arguments are supported:
+
+* `region` - (Optional) The region that the Floating IP is reserved to. 
+* `droplet_id` - (Optional) The ID of Droplet that the Floating IP will be assigned to.
+
+~> **NOTE:** A Floating IP can be assigned to a region OR a droplet_id. If both region AND droplet_id are specified, then the Floating IP will be assigned to the droplet and use that region
+
+## Attributes Reference
+
+The following attributes are exported:
+
+* `ip_address` - The IP Address of the resource
diff --git a/website/source/layouts/digitalocean.erb b/website/source/layouts/digitalocean.erb
index 42ede7db3..f3f4306df 100644
--- a/website/source/layouts/digitalocean.erb
+++ b/website/source/layouts/digitalocean.erb
@@ -21,6 +21,10 @@
 					<a href="/docs/providers/do/r/droplet.html">digitalocean_droplet</a>
                     </li>
 
+                  <li<%= sidebar_current("docs-do-resource-floating-ip") %>>
+                    <a href="/docs/providers/do/r/floating_ip.html">digitalocean_floating_ip</a>
+                  </li>
+
                     <li<%= sidebar_current("docs-do-resource-record") %>>
 					<a href="/docs/providers/do/r/record.html">digitalocean_record</a>
                     </li>