St. Joe, Minto Add 3,500 Homes to Latitude Margaritaville Watersound

05:14 PM EDT, 09/17/2026 (MT Newswires) -- St. Joe Company (JOE) said Thursday it is expanding its joint venture with Minto Communities USA to add a second phase to the Latitude Margaritaville Watersound community in Panama City Beach, Florida. The new phase will add about 3,500 homes and expand resort-style amenities, bringing the community's total to about 7,200 planned homes, the company said, adding that the expansion includes updated financial terms reflecting increased regional and community value. St. Joe said sales at the community rose 27% year-to-date in 2026 versus the same period in 2025, reaching 2,635 of the initial 3,700 planned homes.