Exhibit 21

Subsidiaries of Registrant



|                                                                                                                                                                                |  |                                    |  |                                    |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------- |  | ---------------------------------- | -
|Company                                                                                                                                                                         |  | State ofJurisdictionofOrganization |  | Percentageof VotingSecuritiesOwned |  
|Southeast Power Corporation                                                                                                                                                     |  | Florida                            |  | 100                                | %
|Bayswater Development Corporation                                                                                                                                               |  | Florida                            |  | 100                                | %
|Subsidiaries of Bayswater Development Corporation                                                                                                                               |  |                                    |  |                                    |  
|Country Club Point of Brevard, Inc.                                                                                                                                             |  | Florida                            |  | 100                                | %
|Riomar of Brevard, Inc.                                                                                                                                                         |  | Florida                            |  | 100                                | %
|Cape Club of Brevard, Inc.                                                                                                                                                      |  | Florida                            |  | 100                                | %
|Florida Coastal Homes, Inc.                                                                                                                                                     |  | Florida                            |  | 100                                | %
|Oak Park of Brevard, Inc.                                                                                                                                                       |  | Florida                            |  | 100                                | %
|Pineapple House of Brevard, Inc.                                                                                                                                                |  | Florida                            |  | 100                                | %
|Pineapple House Condominium Association, Inc.                                                                                                                                   |  | Florida                            |  | 42                                 | %
|Florida Transport Corporation                                                                                                                                                   |  | Florida                            |  | 100                                | %
|7-1-99 Corp. (inactive)                                                                                                                                                         |  | Florida                            |  | 100                                | %
|Steeple Rock Mining Company (inactive)                                                                                                                                          |  | Florida                            |  | 100                                | %
|Mamba Engineering Company, Inc. (inactive)                                                                                                                                      |  | Florida                            |  | 100                                | %
|                                                                                                                                                                                |  |                                   
|All of the above subsidiaries, except Pineapple House Condominium Association, Inc., are included in the consolidated financial statements of the Company at December 31, 2008. |  |                                    |  |                                    |  



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