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A plumeria plant depends on a good water supply to grow well and produce flowers during its growing season. Water is especially important during the hot, summer months, when insufficient water may cause the plant to drop leaves and go into dormancy at the wrong time of year.
The average plumeria in the tropics grows between 12-24 a year. In temperate zones you need to be concerned with freezing weather which is rare in 9 and less rare in 10 but can happen. In these zones it appears that the growth slows down between 10 and 25 feet. Bud Guillot has a fifty plus year old tree that is about 25' tall. In florida, there are locations that excape the freezes and plants grow above houses. alan Bunch of Exotic has a page of big plants.