The St. Joe Company Announces Plans for Additional 3,500 Homes in the Latitude Margaritaville Watersound® Community
St. Joe is expanding its joint venture with Minto Communities to add a second phase of approximately 3,500 homes at Latitude Margaritaville Watersound in Panama City Beach, bringing total planned homes to about 7,200 from the initial 3,700. The expansion is demand-driven: home sale contracts rose 27% year to date in 2026 versus the same period in 2025 and have reached 2,635, with buyers from all 50 states. The new phase carries updated financial terms reflecting the increased value of the region and the community.
Key figures
- Jv formed
- June 2019
- Second phase homes
- 3500
- Total planned homes
- 7200
- Initial planned homes
- 3700
- Sector plan entitled units
- more than 170,000 residential units
- Home sale contracts to date
- 2635
- Commercial space planned sqft
- 500000
- Sales growth ytd 2026 vs 2025
- 27%
- Active residential communities
- 13
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