Your question does not provide enough information to research the HOA you are asking about. However there are HOA for that high of a price and even higher, usually for upscale buildings with many amenities included.
Please let me know what HOA you are talking about and Ill be happy to check it out for you.
The Keyes Company
If you give me the address of the property I will be able to find out for you. If you are surprised because the fee is too high don't be, HOA fees can be quite high now a days due to high cost of insurance and utilities.