Latitude Margaritaville Watersound Sells 2000th Home
Latitude Margaritaville Watersound, a joint venture between Minto Communities USA, The St. Joe Company (NYSE: JOE), and Margaritaville Holdings, has reached its 2,000th home sale since opening in May 2021. Located on Florida's Emerald Coast, the 55+ active adult community plans approximately 3,500 homes in its first phase.
The development features extensive amenities including the Latitude Town Square with an amphitheater, Paradise Pool, Fins Up! Fitness Center, and various recreational facilities. Home prices start from the $300s, with floor plans ranging from 1,210 to 4,048 square feet. The community is part of St. Joe's Bay-Walton Sector Plan, spanning 110,500 acres with 15 miles of Intracoastal Waterway frontage.
Latitude Margaritaville Watersound, una joint venture tra Minto Communities USA, The St. Joe Company (NYSE: JOE) e Margaritaville Holdings, ha raggiunto il traguardo delle 2.000 vendite di abitazioni dal suo apertura nel maggio 2021. Situata sulla Costa smeralda della Florida, la comunità attiva per adulti over 55 prevede circa 3.500 abitazioni nella sua prima fase.
Il progetto offre ampie dotazioni tra cui il Latitude Town Square con un anfiteatro, la Paradise Pool, il Fins Up! Fitness Center, e varie strutture ricreative. I prezzi delle abitazioni partono dai 300.000 dollari, con piani da 1.210 a 4.048 piedi quadrati. La comunità è parte del Piano Settoriale Bay-Walton di St. Joe, che si estende su 110.500 acri con 15 miglia di fronte all'acqua intracoastale.
Latitude Margaritaville Watersound, una empresa conjunta entre Minto Communities USA, The St. Joe Company (NYSE: JOE) y Margaritaville Holdings, ha alcanzado la 2000ª venta de casas desde su apertura en mayo de 2021. Ubicada en la Costa Esmeralda de Florida, la comunidad activa para mayores de 55 años planea aproximadamente 3,500 casas en su primera fase.
El desarrollo cuenta con amplias comodidades, incluyendo el Latitude Town Square con un anfiteatro, Paradise Pool, Fins Up! Fitness Center y varias instalaciones recreativas. Los precios de las casas comienzan desde los $300,000, con planos que van de 1,210 a 4,048 pies cuadrados. La comunidad es parte del Plan del Sector Bay-Walton de St. Joe, que abarca 110,500 acres con 15 millas de frente de la vía fluvial intracoastal.
Latitude Margaritaville Watersound는 Minto Communities USA, The St. Joe Company (NYSE: JOE), 그리고 Margaritaville Holdings 간의 합작 투자로, 2021년 5월 개장 이후 2,000채의 주택 판매를 달성했습니다. 플로리다 에메랄드 코스트에 위치한 55세 이상의 활동적인 성인 커뮤니티는 초기 단계에서 약 3,500채의 주택을 계획하고 있습니다.
이 개발은 많은 편의시설을 갖추고 있으며, 여기에는 앰피시어터가 있는 Latitude Town Square, Paradise Pool, Fins Up! Fitness Center 및 다양한 레크리에이션 시설이 포함됩니다. 주택 가격은 30만 달러대부터 시작하며, 평면도는 1,210에서 4,048 평방피트까지 다양합니다. 이 커뮤니티는 St. Joe의 Bay-Walton 섹터 계획의 일환으로, 110,500에이커의 면적과 15마일의 내륙수로 해안선을 포함합니다.
Latitude Margaritaville Watersound, un partenariat entre Minto Communities USA, The St. Joe Company (NYSE: JOE) et Margaritaville Holdings, a atteint sa 2 000e vente de maison depuis son ouverture en mai 2021. Située sur la Côte Émeraude de la Floride, cette communauté active pour les adultes de 55 ans et plus prévoit environ 3 500 maisons dans sa première phase.
Le développement comprend de nombreuses commodités, notamment le Latitude Town Square avec un amphithéâtre, la Paradise Pool, le Fins Up! Fitness Center, et diverses installations récréatives. Les prix des maisons commencent à 300 000 dollars, avec des plans allant de 1 210 à 4 048 pieds carrés. La communauté fait partie du Plan Sectoriel Bay-Walton de St. Joe, s'étendant sur 110 500 acres avec 15 miles de front de voie navigable intracoastal.
Latitude Margaritaville Watersound, ein Joint Venture zwischen Minto Communities USA, The St. Joe Company (NYSE: JOE) und Margaritaville Holdings, hat seinen 2.000. Hausverkauf seit der Eröffnung im Mai 2021 erreicht. Die aktive Senioren-Gemeinde für Personen ab 55 Jahren befindet sich an Floridas Smaragd-Küste und plant etwa 3.500 Häuser in ihrer ersten Phase.
Die Anlage bietet umfangreiche Annehmlichkeiten, darunter den Latitude Town Square mit einem Amphitheater, den Paradise Pool, das Fins Up! Fitness Center und verschiedene Freizeiteinrichtungen. Die Preise für die Häuser beginnen bei 300.000 US-Dollar, mit Grundrissen von 1.210 bis 4.048 Quadratfuß. Die Gemeinde ist Teil des Bay-Walton-Sektorplans von St. Joe, der sich über 110.500 Acres erstreckt und 15 Meilen Küstenlinie an der Intracoastal Waterway umfasst.
- Achieved 2,000 home sales in less than 3 years since opening
- Named among top 50 master-planned communities in U.S. by RCLCO Real Estate Consulting
- Sales have exceeded all projections
- Planned expansion with additional phases beyond initial 3,500 homes
- None.
Insights
The milestone of 2,000 home sales at Latitude Margaritaville Watersound since its 2021 opening demonstrates exceptional market performance and strong execution. With homes priced from the
The development's success is particularly noteworthy given its target demographic of 55+ buyers and its location in Northwest Florida's emerging market. The addition of complementary developments, including a healthcare campus and commercial village, should drive further value appreciation and demand. The community's inclusion among the top 50 master-planned communities by RCLCO validates its market position and execution strategy.
This development capitalizes on two major demographic trends: the aging baby boomer population and migration to Florida's more affordable regions. The rapid sales pace - averaging nearly 74 homes per month since opening - indicates strong market validation of the concept and pricing strategy. The additional phases beyond the initial 3,500 homes represent significant long-term growth potential for St. Joe's land holdings in the 110,500-acre Bay-Walton Sector Plan.
The comprehensive amenity package and partnership with Margaritaville brand creates strong differentiation in the active adult market segment. The planned healthcare campus partnership with FSU adds another compelling draw for the target demographic, potentially accelerating absorption rates.
Latitude Margaritaville Watersound Sales Center (Photo: Business Wire)
Latitude Margaritaville Watersound is located on Northwest Florida’s beautiful Emerald Coast, between
“Reaching 2,000 home sales at Latitude Margaritaville Watersound is a significant milestone for this community,” said Jorge Gonzalez, President and CEO of St. Joe. “The continuing demand for new homes speaks not only to the quality of the homes and abundance of amenities that residents can enjoy, but also to the appeal of the quality of life in
Today’s vibrant 55+ home buyers have actively embraced Latitude Margaritaville’s one-of-a-kind elements of fun, food, music and escapism, and sales have exceeded all projections. Named among the top 50 master-planned communities in the
“We at Margaritaville are thrilled for Latitude Margaritaville Watersound to achieve its 2,000th sale in such a short period of time,” said Jim Wiseman, President of Margaritaville Development. “Our active adult residents and soon to be residents embrace the fun, safe, and inspired living lifestyle provided by the Latitude Margaritaville brand.”
Latitude Town Square amenities include a terraced amphitheater, thatched roof bandshell with full-size concert stage for the community’s robust program of live music, a jumbo screen for live streaming, and recessed dance floor that provides a little cushion and spring for dancers. A two-story Latitude Bar & Chill restaurant and rooftop Overlook Bar provide a menu of Margaritaville-inspired food and beverage concoctions and stunning, panoramic views of the Intracoastal Waterway.
A massive lagoon-style Paradise Pool has a beach-like gradual entry and its own Tiki Island. Existing amenities also include a Telegraph Business Center with individual workstations and a board room as well as the state-of-the-art Fins Up! Fitness Center with indoor lap pool and spa, workout equipment, spin room, fitness classes, and wellness programming. In addition to a games lawn with bocce, cornhole, billiards tables, and a putting green, the tennis and pickleball courts have lighting for night play. Residents also can explore the Intracoastal Waterway by kayak from the Port of Indecision kayak launch, and canine residents can have their own fun at the Barkaritaville Dog Park.
Additional Latitude Town Square amenities currently under construction will add even more exciting options for fun and entertainment. A colorful Workin’ N’ Playin’ Center complex will include a Last Mango Theater for movies, shows, and concerts with a large screen, fully immersive theater sound, and a concession stand. There will also be a Hangar Workshop where residents can do woodworking projects or trick out their golf carts, as well as a Clayground Pottery Studio and Arts & Crafts Room. There will be a Barkaritaville Pet Spa that provides grooming services and is designed to look like a doghouse. Additional sports courts will include three more pickleball courts, two tennis courts, and three bocce courts.
The Latitude Margaritaville Watersound sales center and 13 model homes are open daily. Five distinct home collections include the Conch Cottage Collection, Caribbean Villas Collection, Beach and Island Collections of single-family homes, and Vista Collection of two-story luxury homes overlooking the Intracoastal Waterway. Homes capture the “no worries” tropical vibe that defines Latitude Margaritaville. Floor plans range from 1,210 to 4,048 square feet under air with pricing from the
Latitude Margaritaville Watersound is being developed in a dynamic partnership that includes master developer Minto, global lifestyle brand Margaritaville, and St. Joe. It is the first of the wildly popular communities to be developed in partnership with St. Joe. Two additional Latitude Margaritaville communities are located in
In addition to the many Latitude Margaritaville Watersound amenities, St. Joe has plans for a future full-service public marina and a commercial village adjacent to the community. St. Joe is also developing a healthcare campus, along with Tallahassee Memorial Healthcare and Florida State University (FSU) College of Medicine, located just minutes from Latitude Margaritaville Watersound. The healthcare campus is located on an 87-acre parcel near the intersection of State Highway 79 and Phillip Griffitts Sr. Parkway. In addition to a planned inpatient facility, FSU intends to utilize the campus for research focused on successful aging and senior living technology. The first campus building has opened, offering urgent and primary care and cardiology and pulmonary services. Clinical practices in orthopedics, obstetrics and gynecology, and others as well as a four-room ambulatory surgery center are planned to open in the next few months.
The Latitude Margaritaville Watersound sales center is located at 9201 Highway 79,
For more information on Latitude Margaritaville and to sign up to receive regular development updates, visit www.LatitudeMargaritaville.com. Also follow on Facebook at www.facebook.com/LatitudeMargaritaville, on Instagram @LatitudeMville, and on Twitter at @LatitudeMville.
NOTE TO EDITOR: Please see link to Latitude Margaritaville Watersound images below.
Image credits: Courtesy Minto Communities
Dropbox link: https://www.dropbox.com/scl/fo/d5zst3cb5nwaayihn68a1/AOAwi-_WMcqWzLyT8TuZtX8?rlkey=imxx48hf5yuba0bvvk3meeifd&st=b0hqc4ga&dl=0
Important Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the anticipated size of the initial phase of Latitude Margaritaville Watersound, expectations regarding specific amenities and other features, neighboring developments and the prospective interest in the Latitude Margaritaville Watersound and the neighboring developments. 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, 2023 and subsequent current report filings, as well as the following: (1) the ability of Minto, Margaritaville Holdings and St. Joe to continue to develop and successfully complete the Latitude Margaritaville Watersound community (2) the ability of St. Joe to develop the marina, commercial village or health care campus, (3) the continued interest of prospective buyers of Latitude Margaritaville Watersound homes and (4) the interest of consumers in the marina, commercial village or the health care campus.
About Latitude Margaritaville
Latitude Margaritaville communities are active adult communities developed and built by master developer Minto Communities under license from acclaimed lifestyle brand Margaritaville Holdings. Offering resort-style amenities, Latitude Margaritaville is the ideal destination for those looking to live the Margaritaville lifestyle as they grow older, but not up. The communities feature a resort-style pool, fitness center, live entertainment, signature Margaritaville food and beverage concepts, arts and learning programs, and more. Latitude Margaritaville communities are now open in
About the St. Joe Company
The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in
©2024 The St Joe Company. “St. Joe®,” “JOE®,” the “Taking Flight” Design®,” and “St. Joe (and Taking Flight Design)®” are registered service marks of The St. Joe Company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241203016770/en/
Minto Communities
Paula Robertson
Paula Robertson & Associates
239-454-1454
Paula@prprUSA.com
The St. Joe Company, Investor Relations
Marek Bakun
866-417-7132
Marek.Bakun@joe.com
The St. Joe Company, Media Relations
Mary Beth Lovingood
850-231-6583
marybeth.lovingood@joe.com
Margaritaville
Caroline Andrew
Finn Partners
646-373-2899
caroline.andrew@finnpartners.com
Source: The St. Joe Company
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