Exhibit 99.1
 Table 1
Summary of Land-Use Entitlements (1)  Active St. Joe Residential and Mixed-Use Projects
March 31, 2010
 ResidentialUnits
    
    Residential
    
    Total
    
    RemainingClosed
    
    Units Under
    
    Residential
    
    CommercialProject
    
    Project
    
    Since
    
    Contract as
    
    Units
    
    EntitlementsProject
    
    Class.(2)
    
    County
    
    Acres
    
    Units(3)
    
    Inception
    
    of 3/31/10
    
    Remaining
    
    (Sq. Ft.)(4)In Development:(5)Hawks Landing
    
    PR
    
    Bay
    
    
    88
    
    
    
    168
    
    
    
    144
    
    
    
    
    
    
    
    24
    
    
    
    Landings at Wetappo
    
    RR
    
    Gulf
    
    
    113
    
    
    
    24
    
    
    
    7
    
    
    
    
    
    
    
    17
    
    
    
    RiverCamps on Crooked Creek
    
    RS
    
    Bay
    
    
    1,491
    
    
    
    408
    
    
    
    191
    
    
    
    
    
    
    
    217
    
    
    
    RiverSide at Chipola
    
    RR
    
    Calhoun
    
    
    120
    
    
    
    10
    
    
    
    2
    
    
    
    
    
    
    
    8
    
    
    
    RiverTown
    
    PR
    
    St. Johns
    
    
    4,170
    
    
    
    4,500
    
    
    
    30
    
    
    
    
    
    
    
    4,470
    
    
    
    500,000SouthWood
    
    PR
    
    Leon
    
    
    3,370
    
    
    
    4,770
    
    
    
    2,535
    
    
    
    
    
    
    
    2,235
    
    
    
    4,535,588SummerCamp Beach
    
    RS
    
    Franklin
    
    
    762
    
    
    
    499
    
    
    
    82
    
    
    
    
    
    
    
    417
    
    
    
    25,000WaterColor
    
    RS
    
    Walton
    
    
    499
    
    
    
    1,140
    
    
    
    917
    
    
    
    2
    
    
    
    221
    
    
    
    47,600WaterSound
    
    RS
    
    Walton
    
    
    2,425
    
    
    
    1,432
    
    
    
    29
    
    
    
    
    
    
    
    1,403
    
    
    
    457,380WaterSound Beach
    
    RS
    
    Walton
    
    
    256
    
    
    
    511
    
    
    
    446
    
    
    
    
    
    
    
    65
    
    
    
    29,000WaterSound West Beach
    
    RS
    
    Walton
    
    
    62
    
    
    
    199
    
    
    
    40
    
    
    
    
    
    
    
    159
    
    
    
    Wild Heron (6)
    
    RS
    
    Bay
    
    
    17
    
    
    
    28
    
    
    
    2
    
    
    
    
    
    
    
    26
    
    
    
    WindMark Beach
    
    RS
    
    Gulf
    
    
    2,020
    
    
    
    1,516
    
    
    
    148
    
    
    
    
    
    
    
    1,368
    
    
    
    76,157Subtotal
    
    
    
    
    
    
    15,393
    
    
    
    15,205
    
    
    
    4,573
    
    
    
    2
    
    
    
    10,630
    
    
    
    5,670,725In Pre-Development:(5)Avenue A
    
    PR
    
    Gulf
    
    
    6
    
    
    
    96
    
    
    
    
    
    
    
    
    
    
    
    96
    
    
    
    Bayview Estates
    
    PR
    
    Gulf
    
    
    31
    
    
    
    45
    
    
    
    
    
    
    
    
    
    
    
    45
    
    
    
    Bayview Multifamily
    
    PR
    
    Gulf
    
    
    20
    
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    300
    
    
    
    Beacon Hill
    
    RR
    
    Gulf
    
    
    3
    
    
    
    12
    
    
    
    
    
    
    
    
    
    
    
    12
    
    
    
    Beckrich NE
    
    PR
    
    Bay
    
    
    15
    
    
    
    74
    
    
    
    
    
    
    
    
    
    
    
    74
    
    
    
    Boggy Creek
    
    PR
    
    Bay
    
    
    630
    
    
    
    526
    
    
    
    
    
    
    
    
    
    
    
    526
    
    
    
    Bonfire Beach
    
    RS
    
    Bay
    
    
    550
    
    
    
    750
    
    
    
    
    
    
    
    
    
    
    
    750
    
    
    
    70,000Breakfast Point, Phase 1
    
    PR/RS
    
    Bay
    
    
    115
    
    
    
    320
    
    
    
    
    
    
    
    
    
    
    
    320
    
    
    
    College Station
    
    PR
    
    Bay
    
    
    567
    
    
    
    800
    
    
    
    
    
    
    
    
    
    
    
    800
    
    
    
    Cutter Ridge
    
    PR
    
    Franklin
    
    
    10
    
    
    
    25
    
    
    
    
    
    
    
    
    
    
    
    25
    
    
    
    DeerPoint Cedar Grove
    
    PR
    
    Bay
    
    
    686
    
    
    
    950
    
    
    
    
    
    
    
    
    
    
    
    950
    
    
    
    East Lake Creek
    
    PR
    
    Bay
    
    
    81
    
    
    
    313
    
    
    
    
    
    
    
    
    
    
    
    313
    
    
    
    East Lake Powell
    
    RS
    
    Bay
    
    
    181
    
    
    
    360
    
    
    
    
    
    
    
    
    
    
    
    360
    
    
    
    30,000Howards Creek
    
    RR
    
    Gulf
    
    
    8
    
    
    
    33
    
    
    
    
    
    
    
    
    
    
    
    33
    
    
    
    Laguna Beach West
    
    PR
    
    Bay
    
    
    36
    
    
    
    260
    
    
    
    
    
    
    
    
    
    
    
    260
    
    
    
    Long Avenue
    
    PR
    
    Gulf
    
    
    10
    
    
    
    30
    
    
    
    
    
    
    
    
    
    
    
    30
    
    
    
    Palmetto Bayou
    
    PR
    
    Bay
    
    
    58
    
    
    
    217
    
    
    
    
    
    
    
    
    
    
    
    217
    
    
    
    90,000ParkSide
    
    PR
    
    Bay
    
    
    48
    
    
    
    480
    
    
    
    
    
    
    
    
    
    
    
    480
    
    
    
    Pier Park Timeshare
    
    RS
    
    Bay
    
    
    13
    
    
    
    125
    
    
    
    
    
    
    
    
    
    
    
    125
    
    
    
    PineWood
    
    PR
    
    Bay
    
    
    104
    
    
    
    264
    
    
    
    
    
    
    
    
    
    
    
    264
    
    
    
    Port St. Joe Draper, Phase 1
    
    PR
    
    Gulf
    
    
    610
    
    
    
    1,200
    
    
    
    
    
    
    
    
    
    
    
    1,200
    
    
    
    Port St. Joe Draper, Phase 2
    
    PR
    
    Gulf
    
    
    981
    
    
    
    2,125
    
    
    
    
    
    
    
    
    
    
    
    2,125
    
    
    
    150,000Port St. Joe Town Center
    
    RS
    
    Gulf
    
    
    180
    
    
    
    624
    
    
    
    
    
    
    
    
    
    
    
    624
    
    
    
    500,000Powell Adams
    
    RS
    
    Bay
    
    
    56
    
    
    
    2,520
    
    
    
    
    
    
    
    
    
    
    
    2,520
    
    
    
    Sabal Island
    
    RS
    
    Gulf
    
    
    45
    
    
    
    18
    
    
    
    
    
    
    
    
    
    
    
    18
    
    
    
    South Walton Multifamily
    
    PR
    
    Walton
    
    
    40
    
    
    
    212
    
    
    
    
    
    
    
    
    
    
    
    212
    
    
    
    Star Avenue North
    
    PR
    
    Bay
    
    
    295
    
    
    
    600
    
    
    
    
    
    
    
    
    
    
    
    600
    
    
    
    350,000The Cove
    
    RR
    
    Gulf
    
    
    64
    
    
    
    107
    
    
    
    
    
    
    
    
    
    
    
    107
    
    
    
    Timber Island (7)
    
    RS
    
    Franklin
    
    
    49
    
    
    
    407
    
    
    
    
    
    
    
    
    
    
    
    407
    
    
    
    14,500Topsail
    
    PR
    
    Walton
    
    
    115
    
    
    
    610
    
    
    
    
    
    
    
    
    
    
    
    610
    
    
    
    300,000Wavecrest
    
    RS
    
    Bay
    
    
    7
    
    
    
    95
    
    
    
    
    
    
    
    
    
    
    
    95
    
    
    
    West Bay Corners SE
    
    PR
    
    Bay
    
    
    100
    
    
    
    524
    
    
    
    
    
    
    
    
    
    
    
    524
    
    
    
    50,000West Bay Corners SW
    
    PR
    
    Bay
    
    
    64
    
    
    
    160
    
    
    
    
    
    
    
    
    
    
    
    160
    
    
    
    West Bay DSAP I
    
    PR/RS
    
    Bay
    
    
    15,089
    
    
    
    5,628
    
    
    
    
    
    
    
    
    
    
    
    5,628
    
    
    
    4,430,000West Bay Landing (8)
    
    RS
    
    Bay
    
    
    950
    
    
    
    214
    
    
    
    
    
    
    
    
    
    
    
    214
    
    
    
    Subtotal
    
    
    
    
    
    
    21,817
    
    
    
    21,024
    
    
    
    
    
    
    
    
    
    
    
    21,024
    
    
    
    5,984,500Total
    
    
    
    
    
    
    37,210
    
    
    
    36,229
    
    
    
    4,573
    
    
    
    2
    
    
    
    31,654
    
    
    
    11,655,225




---



##### 



(1)
    
    A project is deemed land-use entitled when all major discretionary
governmental land-use approvals have been received. Some of these projects may require
additional permits for development and/or build-out; they also may be subject to legal challenge.(2)
    
    Current St. Joe land classifications for its residential developments or the
residential portion of its mixed-use projects:    PR  Primary residential    RS  Resort and seasonal residential    RR  Rural residential(3)
    
    Project units represent the maximum number of units entitled or currently expected
at full build-out. The actual number of units or square feet to be constructed at full
build-out may be lower than the number entitled or currently expected.(4)
    
    Represents the remaining square feet with land-use entitlements as designated in a
development order or expected given the existing property land use or zoning and present
plans. The actual number of square feet to be constructed at full build-out may be lower than
the number entitled. Commercial entitlements include retail, office and industrial uses.
Industrial uses total 6,128,381 square feet including SouthWood, RiverTown and the West Bay
DSAP I.(5)
    
    A project is in development when St. Joe has commenced horizontal construction on
the project and commenced sales and/or marketing or will commence sales and/or marketing in
the foreseeable future. A project in pre-development has land-use entitlements but is still
under internal evaluation or requires one or more additional permits prior to the commencement
of construction. For certain projects in pre-development, some horizontal construction may
have occurred, but no sales or marketing activities are expected in the foreseeable future.(6)
    
    Homesites acquired by St. Joe within the Wild Heron community.(7)
    
    Timber Island entitlements include seven residential units and 400 units for hotel
or other transient uses (including units held with fractional ownership such as private residence
clubs).(8)
    
    West Bay Landing is a sub-project within WestBay DSAP I. Table 2
Summary of Additional Commercial Land-Use Entitlements (1)  (Commercial Projects Not Included in Table 1 Above)
Active St. Joe Commercial Projects
March 31, 2010
 Acres Sold
    
    
    Acres UnderProject
    
    
    Since
    
    
    Contract
    
    
    Total AcresProject
    
    County
    
    Acres
    
    
    Inception
    
    
    As of 3/31/10
    
    
    RemainingAirport Commerce
    
    Leon
    
    
    45
    
    
    
    10
    
    
    
    
    
    
    
    35Alf Coleman Retail
    
    Bay
    
    
    25
    
    
    
    23
    
    
    
    
    
    
    
    2Beach Commerce
    
    Bay
    
    
    157
    
    
    
    151
    
    
    
    
    
    
    
    6Beach Commerce II
    
    Bay
    
    
    112
    
    
    
    13
    
    
    
    
    
    
    
    99Beckrich Office Park
    
    Bay
    
    
    17
    
    
    
    15
    
    
    
    
    
    
    
    2Beckrich Retail
    
    Bay
    
    
    44
    
    
    
    41
    
    
    
    
    
    
    
    3Cedar Grove Commerce
    
    Bay
    
    
    51
    
    
    
    5
    
    
    
    
    
    
    
    46Franklin Industrial
    
    Franklin
    
    
    7
    
    
    
    
    
    
    
    
    
    
    
    7Glades Retail
    
    Bay
    
    
    14
    
    
    
    
    
    
    
    
    
    
    
    14Gulf Boulevard
    
    Bay
    
    
    78
    
    
    
    27
    
    
    
    
    
    
    
    51Hammock Creek Commerce
    
    Gadsden
    
    
    165
    
    
    
    27
    
    
    
    
    
    
    
    138Mill Creek Commerce
    
    Bay
    
    
    37
    
    
    
    
    
    
    
    
    
    
    
    37Nautilus Court
    
    Bay
    
    
    11
    
    
    
    7
    
    
    
    
    
    
    
    4Pier Park NE
    
    Bay
    
    
    57
    
    
    
    
    
    
    
    
    
    
    
    57Port St. Joe Commerce II
    
    Gulf
    
    
    39
    
    
    
    9
    
    
    
    
    
    
    
    30Port St. Joe Commerce III
    
    Gulf
    
    
    50
    
    
    
    
    
    
    
    
    
    
    
    50Powell Hills Retail
    
    Bay
    
    
    44
    
    
    
    
    
    
    
    
    
    
    
    44South Walton Commerce
    
    Walton
    
    
    38
    
    
    
    17
    
    
    
    
    
    
    
    21Total
    
    
    
    
    991
    
    
    
    345
    
    
    
    0
    
    
    
    646
 
 (1)
    
    A project is deemed land-use entitled when all major discretionary
governmental land-use approvals have been received. Some of these projects may require
additional permits for development and/or build-out; they also may be subject to legal
challenge. Includes significant St. Joe projects that are either operating, under development
or in the pre-development stage.




---



##### 



Table 3
Residential Real Estate
Sales Activity
Three Months Ended March 31,
($ in millions)
 2010
    
    
    2009Number
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Numberof Units
    
    
    
    
    
    
    Cost of
    
    
    Gross
    
    
    of Units
    
    
    
    
    
    
    Cost of
    
    
    GrossClosed
    
    
    Revenue
    
    

Sales (1)
    
    
    Profit
    
    
    Closed
    
    
    Revenue
    
    

Sales (1)
    
    
    ProfitHomesites
    
    
    6
    
    
    $
    0.5
    
    
    $
    0.4
    
    
    $
    0.1
    
    
    
    3
    
    
    $
    0.7
    
    
    $
    0.2
    
    
    $
    0.5Homes (2)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    9
    
    
    
    3.3
    
    
    
    3.3
    
    
    
    Total (3)
    
    
    6
    
    
    $
    0.5
    
    
    $
    0.4
    
    
    $
    0.1
    
    
    
    12
    
    
    $
    4.0
    
    
    $
    3.5
    
    
    $
    0.5
 
 (1)
    
    Cost of sales for homesites in the first quarter of 2010 consisted of $0.4
million in direct costs, and less than $0.1 million in selling and indirect costs. Cost of
sales for homesites in the first quarter of 2009 consisted of $0.1 million in direct costs,
$0.1 million in selling costs and less than $0.1 million in indirect costs. Cost of sales for
homes in the first quarter of 2009 consisted of $1.8 million in direct costs, $0.2 million in
selling costs and $1.3 million in indirect costs.(2)
    
    Homes include single-family and multifamily units. Multifamily revenue is
recognized, if preconditions are met, on a percentage-of-completion basis. As a consequence,
revenue recognition and closings may occur in different periods.(3)
    
    Excludes homes and homesites sold as part of the Victoria Park bulk sale in December
2009. Table 4
Residential Real Estate Sales Activity
Three Months Ended March 31,
($ in thousands)
 2010
    
    
    2009Avg.Units Closed
    
    
    Avg. Price
    
    

Accepted (1)
    
    
    Avg. Price
    
    
    Units Closed
    
    
    Avg. Price
    
    

Accepted (1)
    
    
    PriceHawks LandingHomesites
    
    
    1
    
    
    $
    62.9
    
    
    
    1
    
    
    $
    62.9
    
    
    
    2
    
    
    $
    62.6
    
    
    
    2
    
    
    $
    62.6Victoria Park(2)Homes
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3
    
    
    $
    173.1
    
    
    
    3
    
    
    $
    173.1WaterColorHomesites
    
    
    4
    
    
    $
    97.2
    
    
    
    6
    
    
    $
    97.2
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Homes
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5
    
    
    $
    439.7
    
    
    
    6
    
    
    $
    437.9WaterSoundHomesites
    
    
    1
    
    
    $
    102.6
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Homes
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1
    
    
    $
    580.0
    
    
    
    1
    
    
    $
    580.0WaterSound West BeachHomesites
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1
    
    
    $
    196.3
    
    
    
    1
    
    
    $
    196.3Total Homesites
    
    
    6
    
    
    $
    92.4
    (3)
    
    
    7
    
    
    $
    92.3
    (3)
    
    
    3
    
    
    $
    107.2
    (3)
    
    
    3
    
    
    $
    107.2
    (3)Total Homes
    
    
    
    
    
    
    
    (3)
    
    
    
    
    
    
    
    (3)
    
    
    9
    
    
    $
    366.4
    (3)
    
    
    10
    
    
    $
    372.7
    (3)Total
    
    
    6
    
    
    $
    92.4
    (3)
    
    
    7
    
    
    $
    92.3
    (3)
    
    
    12
    
    
    $
    301.6
    (3)
    
    
    13
    
    
    $
    311.4
    (3)
 
 (1)
    
    Contracts accepted during the quarter. Contracts accepted and closed in the same
quarter are also included as units closed.(2)
    
    Excludes homes and homesites sold as part of the Victoria Park bulk sale in December
2009.(3)
    
    Average prices differ from quarter to quarter primarily because of the relative mix
and location of sales.




---



##### 



Table 5
Commercial Land Sales
Three Months Ended March 31,
 Number of Sales
    
    Acres Sold
    
    Gross Sales Price
    
    Average Price/Acre(in thousands)2010
    
    
    1
    
    
    
    2.8
    
    
    $
    313
    
    
    $

    110,0002009
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
 Table 6
Rural Land Sales
Three Months Ended March 31,
 Number of Sales
    

Acres Sold
    

Gross Sales Price
    

Average Price/Acre(in thousands)2010
    
    
    2
    
    
    
    72
    
    
    $
    401
    
    
    $
    5,5002009
    
    
    5
    
    
    
    1,027
    
    
    $
    4,252
    
    
    $
    4,140
  Table 7
Quarterly Segment Pretax Income (Loss)
From Continuing Operations
($ in millions)
 Mar. 31,
    
    
    Dec. 31,
    
    
    Sept. 30,
    
    
    June 30,
    
    
    Mar. 31,
    
    
    Dec. 31,
    
    
    Sept. 30,
    
    
    June 30,
    
    
    Mar. 31,2010
    
    
    2009
    
    
    2009
    
    
    2009
    
    
    2009
    
    
    2008
    
    
    2008
    
    
    2008
    
    
    2008Residential
    
    $
    (11.3
    )
    
    $
    (80.6
    )
    
    $
    (19.7
    )
    
    $
    (23.3
    )
    
    $
    (14.1
    )
    
    $
    (70.7
    )
    
    $
    (12.6
    )
    
    $
    (13.2
    )
    
    $
    (18.7
    )Commercial
    
    
    (0.4
    )
    
    
    1.3
    
    
    
    (0.5
    )
    
    
    (0.7
    )
    
    
    (0.6
    )
    
    
    (0.3
    )
    
    
    (0.6
    )
    
    
    (0.5
    )
    
    
    (0.8
    )Rural Land sales
    
    
    (0.3
    )
    
    
    0.9
    
    
    
    (0.5
    )
    
    
    6.8
    
    
    
    2.8
    
    
    
    26.3
    
    
    
    2.0
    
    
    
    24.1
    
    
    
    80.1Forestry
    
    
    1.4
    
    
    
    1.3
    
    
    
    1.2
    
    
    
    1.1
    
    
    
    1.1
    
    
    
    0.8
    
    
    
    0.2
    
    
    
    (1.1
    )
    
    
    1.9Corporate and other
    
    
    (7.0
    )
    
    
    (8.8
    )
    
    
    (6.6
    )
    
    
    (57.9
    )
    
    
    (8.4
    )
    
    
    (4.6
    )
    
    
    (19.3
    )
    
    
    (41.7
    )
    
    
    (13.4
    )Pretax income (loss) from
continuing operations (1)
    
    $
    (17.6
    )
    
    $
    (85.9
    )
    
    $
    (26.1
    )
    
    $
    (74.0
    )
    
    $
    (19.2
    )
    
    $
    (48.5
    )
    
    $
    (30.3
    )
    
    $
    (32.4
    )
    
    $
    49.1
 
 (1)
    
    Includes one time charges as described in our SEC filings. Table 8
Other Income (Expense)
($ in millions)
 Quarter Ended March  31,2010
    
    
    2009Dividend and interest income
    
    $
    0.4
    
    
    $
    0.7Interest expense
    
    
    (1.1
    )
    
    
    (0.1
    )Gain on sale of office buildings
    
    
    0.2
    
    
    
    0.2Other
    
    
    (0.1
    )
    
    
    0.2Retained interest in monetized installment notes
    
    
    0.1
    
    
    
    0.1Total
    
    $
    (0.5
    )
    
    $
    1.1