St. Joe Golf Properties Headline Prestigious List of Florida’s Top New Courses

JACKSONVILLE, Florida – Dec. 2, 2004 – St. Joe announces that three of its premier golf properties – Camp Creek, Victoria Hills and SouthWood – have been named to Travel + Leisure Golf’s list of the Top 10 courses to open in Florida since the turn of the millennium.

Taking into account overall layout strength, conditioning and playability, the Travel + Leisure Golf ranking singled out Camp Creek Golf Club (Panama City Beach) as the Sunshine State’s top new course. Victoria Hills Golf Club (DeLand) placed second, and SouthWood Golf Club (Tallahassee) ranked sixth. With more than two million readers, Travel + Leisure Golf is one of the most well-read publications specifically covering the golfing lifestyle.

“We take great pride in developing golf courses that are true to their natural environment while also proving to be a test to players at every skill level,” says Britt Greene, president of St. Joe’s residential operations. “St. Joe’s dedication to customer service, combined with our long established commitment to working with the world’s best golf course architects, provides our residents, members and guests with the ultimate playing experience.”

These honors are the latest for the three golf courses, which have been recognized by several national, regional and local rankings over the past four years. Earlier this year, Camp Creek was ranked #8 in Golfweek magazine’s annual “America’s Best State-by-State” survey of the roughly 675 public-access courses in Florida.

Featuring a unique “dunescape” appearance, the course is increasingly cited as one of Fazio's best works. Created for nearby owners and guests at St. Joe’s WaterColor and WaterSound Beach residential and resort communities, Camp Creek has been recognized for its environmental stewardship through designation as a Certified Audubon Cooperative Sanctuary by the Audubon Cooperative Sanctuary System (ACSS).

For more information on Camp Creek please call (850) 231-7600 or visit www.stjoegolf.com.

Not to be outdone, Victoria Hills was voted to GOLF Magazine’s nationwide list of “The Top 10 New Courses You Can Play” and ranked #7 on Golfweek’s 2004 “America’s Best State-by-State” survey. Tucked away in the historic college town of DeLand, just north of Orlando, this majestic layout was designed by Florida native Ron Garl. Boasting more than 80 feet of elevation change, Victoria Hills takes advantage of the area’s natural rolling hills, foliage and wetlands. Tall pines and hearty oaks frame the course while sandy waste areas and pristine lakes make for inspiring sight lines. Located at the heart of the award-winning Victoria Park community, more information on Victoria Hills is available by calling (386) 738-6000 or visiting www.stjoegolf.com.

Also one of Florida’s most heralded new courses, SouthWood Golf Club was named to Golf Digest’s listing of “America’s Best New Courses” (January 2004), selected by GOLF Magazine as one of the top 35 public courses (out of 325 nationwide) to open in 2002, and named Tallahassee’s best golf course by Tallahassee Magazine. The Fred Couples signature/Gene Bates-designed 7,172-yard, par-72 course is located at the heart of SouthWood, one of the largest and most comprehensively designed master-planned communities in Tallahassee. For more information about SouthWood Golf Club, please call 850.942.4653 or visit www.stjoegolf.com.

About St. Joe

The St. Joe Company, a publicly held company based in Jacksonville, is one of Florida's largest real estate operating companies. It is engaged in town, resort, commercial and industrial development, land sales and commercial real estate services. JOE also has significant interests in timber.

More information about JOE can be found online at www.joe.com.