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Real estate in Panama City Beach: lots sell out, signal housing gains


SOUTH WALTON  The St. Joe Company has sold each of the 23 home sites in its new Watersound Camp Creek community at an average cost of $446,000.
The 23 lots are the initial phase of the new community that is adjacent to Camp Creek Golf Club and the adjacent amenities that are being constructed. The lots were offered in October 2020 and each will have custom homes. 
The past year has been great for real estate agents in Walton County and next door Bay County, as both their housing markets grew in the third and fourth quarters. During the COVID-19 pandemic and an economic crisis, closed sales went up 34.4% year-over-year in Bay County in the fourth quarter, according to Florida Realtors. Meanwhile, Walton County closed sales rose 49.9% year-over-year for the same period. ....

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The St. Joe Company Reports Fourth Quarter and Full Year 2020 Results and Increases Quarterly Dividend to $0.08


38.5%
As of December 31, 2020, the Company had under construction a 143-room Hilton Garden Inn hotel located near the Northwest Florida Beaches International Airport, a 75-room boutique inn and new The Clubs by JOE amenities at Watersound Camp Creek and a 131-room Homewood Suites hotel near the new Panama City Beach Sports Complex. In addition, the Company, with separate joint venture partners, has under construction a 255-room Embassy Suites hotel in the Pier Park area of Panama City Beach and an 85-room boutique hotel in Seagrove Beach. In December 2020, the Company announced the planned Hotel Indigo in Panama City’s downtown waterfront district. The Company intends to operate these new hotels. In addition, the Bay Point Marina and Port St. Joe Marina are in reconstruction and additional new marinas are in the planning process. ....

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