Benzinga | Jun 30, 2021 04:06PM EDT

The St. Joe Company Sells Out Second Homesite Release At Watersound Camp Creek Community

The St. Joe Company (NYSE:JOE) ("St. Joe") announces that all 38 homesites in the second sales release at the Watersound Camp Creek community have sold at an average price of approximately $478,000. All of the homesites in this release received offers within 48 hours with many going under contract within days of becoming available. The initial 23 homesites in the community were released at the end of 2020 and have all sold. The combined 61 homesites sold to date were offered direct to buyers through the community's website. "We worked directly with buyers through our website to create an easy transaction process and the response that we've received has been very positive," stated Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe. "We are still in the early stages of homesite sales in the Watersound Camp Creek community, but we have already generated more than $28 million in sales. We anticipate a release of more homesites later this year as interest and demand remain extremely high."

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630005955/en/

Development continues on the Watersound Camp Creek community in close proximity to Florida's iconic Scenic Highway 30A. (Photo: Business Wire)

The Watersound Camp Creek community is St. Joe's newest residential development. It is ideally located off South Watersound Parkway adjacent to Camp Creek golf course and the new Watersound Club amenities that are currently being constructed. The community is within a short walk, bike or golf cart ride to Scenic Highway 30A and the Gulf of Mexico and to the developing Watersound Town Center. This gated community with a restriction on short-term rentals is planned for a total of 262 homesites ranging from approximately ¼ acre to just under one acre in size.

Ownership in the Watersound Camp Creek community requires membership in Watersound Club, St. Joe's private membership club. Club members enjoy access to Camp Creek golf course, Shark's Tooth golf course, Watersound Beach Club, private air charter service and the future club amenities currently under construction adjacent to the community. These planned amenities 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. St. Joe's affiliated company, Watersound Closings & Escrow, completed all closings for the homesites sold in 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.