The St. Joe Company Sells All 23 Homesites in First Offering at the Watersound Camp Creek Community
February 17 2021 - 4:37PM
Business Wire
The St. Joe Company (NYSE: JOE) (“St. Joe”) sold out the first
release of homesites in the Watersound Camp Creek community at an
average price of approximately $446,000. This offering of 23
homesites in this initial phase was direct to buyers through the
community’s website beginning in October 2020. “We began executing
purchase agreements on day one,” stated Bridget Precise, Senior
Vice President of Residential Real Estate for St. Joe. “Demand was
extremely high and the response to the online-only process was very
positive. We anticipate a second online release of 38 homesites
this spring.”
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the full release here:
https://www.businesswire.com/news/home/20210217006005/en/
The Watersound Camp Creek community is
ideally located in close proximity to the Gulf of Mexico and the
famed Scenic Highway 30A corridor. (Photo: Business Wire)
The Watersound Camp Creek community is St. Joe’s newest
residential development ideally located off South Watersound
Parkway adjacent to Camp Creek Golf Club and the adjacent amenities
that are being constructed and within a short walk, bike or golf
cart ride to Scenic Highway 30-A and the Gulf of Mexico or to the
developing Watersound Town Center. This gated community with a
restriction on short-term rentals is planned for 262 custom
homesites ranging from approximately ¼ acre to just under one acre
in size.
The Watersound Camp Creek community requires membership in The
Clubs by JOE, St. Joe’s private membership club. Club members enjoy
access to Camp Creek Golf Club, Shark’s Tooth Golf Club, WaterSound
Beach Club and the future club amenities currently under
construction adjacent to the community which plan to include, a
resort-style pool complex, multiple tennis and pickleball courts, a
health and wellness center, multiple dining venues and a children’s
play area among others. The Clubs by JOE membership grew by a
record breaking 289 members in 2020 bringing the total to more than
1,500 members. St. Joe’s affiliated company, Watersound Closings
& Escrow, handled all closings for the Watersound Camp Creek
community.
For more information on the Watersound Camp Creek community and
future homesite releases including purchase information, visit
www.watersoundcampcreek.com.
Important Notice Regarding
Forward-Looking Statements
This press release contains “forward-looking statements,” within
the meaning of Section 21E of the Exchange Act, including
statements regarding the proposed Watersound Camp Creek community.
These forward-looking statements are qualified in their entirety by
cautionary statements and risk factors set forth in St. Joe’s
filings with the SEC, including its Annual Report on Form 10-K for
the year ended December 31, 2109, its Quarterly Reports on Form
10-Q for the quarters ended March 31, 2020, June 30, 2020 and
September 30, 2020 and subsequent current reports as well as the
following: (1) the ability of St. Joe to complete the proposed
Watersound Camp Creek community, (2) the ability of St. Joe to
complete the proposed The Clubs by JOE amenities adjacent to the
Watersound Camp Creek community and (3) the interest of prospective
customers in a residential community in South Walton County,
Florida.
About The St. Joe
Company
The St. Joe Company, together with its consolidated
subsidiaries, is a real estate development, asset management and
operating company. The Company owns land in Northwest Florida and
has significant residential and commercial land-use entitlements in
hand or in process. More information about the Company can be found
on its website at www.joe.com. More information on the Company’s
current project pipeline can be found at
www.joe.com/project-updates.
About The Clubs by JOE
The Clubs by JOE is a private membership club with properties in
the Northwest Florida beach towns of Watersound and Panama City
Beach. Club members and their guests have access to club amenities
including The WaterSound Beach Club, Camp Creek Golf Club, Shark’s
Tooth Golf Club and other beach, dining and lifestyle activities.
More information can be found at www.clubsbyjoe.com.
©The St Joe Company 2021. “St. Joe®”, “JOE®”, the “Taking
Flight” Design®, “St. Joe (and Taking Flight Design) ®”,
“Watersound®”, “Camp Creek®”, and “The Clubs by JOE®” are
registered service marks of The St. Joe Company or its
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20210217006005/en/
St. Joe Investor Relations Contact: Marek Bakun Chief Financial
Officer 1-866-417-7132 marek.bakun@joe.com
St. Joe Media Relations Contact: Mike Kerrigan Corporate
Director of Marketing 1-850-231-6426 mike.kerrigan@joe.com
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