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St. Joe Lands Three Courses in 2007/08 ZAGAT Survey of ‘America’s Top Golf Courses’

April 20, 2007

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Camp Creek, SouthWood and Victoria Hills Included in Prestigious Guide for a Second Straight Year

(JACKSONVILLE, Fla.) – Camp Creek, SouthWood and Victoria Hills — award-winning golf properties developed by The St. Joe Company – appear in the 2007/08 ZAGAT Survey of "America’s Top Golf Courses.

Among the most thorough rating guides in all of golf, ZAGAT covers 1,075 of the best courses in the United States, Virgin Islands and Puerto Rico. Courses in the guide are rated based on the responses of more than 6,250 reviewers who play more than 560,000 rounds annually. Strength of layout, value, overall quality, facility and service standards are taken into consideration.

In addition to appearing in the list of Florida’s top courses, Camp Creek is listed in the following subcategories: "Celebrity Design," "Environmentally Friendly," "Finishing Holes," "Pace of Play," "Scenic" and "Toughest." SouthWood was cited in the "Women Friendly" and "Junior Friendly" subcategories, and Victoria Hills appears in "Bunkering," "Practice Facilities" and "Opening Holes."

For more information about Camp Creek, SouthWood and Victoria Hills visit www.stjoegolf.com .

About Camp Creek

Since opening in 2001, Camp Creek has been consistently cited as one of Tom Fazio’s most thought-provoking, aesthetically-stunning design credits. Featuring a unique "dunescape" appearance, the course was created as a private club for property owners at select St. Joe communities, and guests of St. Joe’s WaterColor and WaterSound Beach resorts. From the back green tees, the course plays to a championship caliber yardage of 7,159 and a formidable slope rating of 145.

About SouthWood

Designed by PGA Tour star Fred Couples and renowned architect Gene Bates, SouthWood Golf Club is among the region’s most-acclaimed courses. Highlighted by stands of stunning, Spanish moss-draped oak trees, the 7,172-yard layout meanders over rolling hills, through wooded areas and open land. A course that tests members of the Florida State University men’s and women’s golf teams while providing an enjoyable experience for golfers of all abilities, SouthWood

About Victoria Hills

Victoria Hills Golf Club was named one of Florida’s "Hidden Gems" by Travel + Leisure Golf Magazine, and has quickly become one of the most sought-after rounds of golf in Central Florida. Tucked away in the historic college town of DeLand, the course is conveniently located between Orlando and Daytona Beach. The stunning layout boasts more than 50-feet of elevation change, taking advantage of the area’s natural rolling hills, foliage and wetlands. Tall pines and majestic oaks frame the course while sandy waste areas and pristine lakes make for inspiring sight lines.

About JOE

The St. Joe Company (NYSE: JOE), a publicly held company based in Jacksonville, is one of Florida’s largest real estate development companies. We are primarily engaged in real estate development and sales, with significant interests in timber. Our mission is to create places that inspire people and make JOE’s Florida an even better place to live, work and play. We’re no ordinary JOE.

More information about JOE can be found at our web site at www.joe.com.

Contact:
Shane Sharp

Buffalo Communications

704.519.8381

ssharp@billycaspergolf.com

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