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Golf Odyssey Bestows Honors on Camp Creek, WaterColor Inn & Resort

December 18, 2008

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Exclusive, Unbiased Newsletter Cites St. JOE-Owned Golf Course and Boutique Inn as ‘Best in Florida’

(WATERSOUND, Fla.) – The St. JOE Company (NYSE: JOE) today announces that the exclusive, unbiased Golf Odyssey Newsletter has named Camp Creek the “Best Private [Course] You Can Play in Florida,” and WaterColor Inn & Resort one of Florida’s “Best Golf Resorts” in its 2008: The Year in Review issue.

Now in its 17th year, Golf Odyssey: The Insider’s Guide to Sophisticated Golf Travel, publishes monthly intelligence reports, and maintains a password-protected website archive, containing unbiased golf course/resort reviews, expert vacation recommendations, and insider travel secrets. Golf Odyssey travels anonymously, pays its own expenses, and does not accept advertising from golf courses, resorts or restaurants in order to provide readers with objective information and advice they can trust. Golf Odyssey readers include PGA Professionals, Fortune 500 CEOs, members of 95 of the top-100 golf clubs in America, professional athletes and celebrities, and world-famous golf course architects.

“Being recognized and honored by unbiased publications such as Golf Odyssey is a testament to the quality of product, service and overall experience provided by the WaterColor Inn & Resort and its exclusive golf collection,” says Stephen Hilliard, Vice President of Resort and Club Operations for The St. JOE Company. “The combination of a 60-room boutique hotel with guest access to Camp Creek and sister course Shark’s Tooth is unique to this region and presents golfers with a very attractive exclusivity proposition.”

Camp Creek, designed by Tom Fazio, is part of the WaterColor Inn & Resort’s premier golf collection, which also includes Shark’s Tooth, designed by Greg Norman, and The Origins Course at WaterSound, designed by Davis Love III. Camp Creek and Shark’s Tooth are private courses available to guests of the WaterColor Resort’s 60-room boutique inn on the Gulf of Mexico and its luxury vacation rental homes located in the WaterColor and WaterSound communities.

The Origins Course – designed specifically for beginners and families – is open to the public and juniors 15 years old and under play free when accompanied by a paying adult. Together, the three courses form one of the only assemblies of Fazio, Norman and Love III-designed courses under one flagship. For more information on the golf course and golf packages, visit www.campcreekgolfclub.com or www.watercolorresort.com.

About Camp Creek and the WaterColor Inn and Resort Golf Collection

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 members who are owners in select St. Joe communities and resort guests of St. Joe’s WaterColor and WaterSound Beach resorts. Camp Creek, along with St. Joe-owned Shark’s Tooth and The Origins Course, form the exclusive “golf collection” of the WaterColor Inn and Resort. From the back green tees, the course plays to a championship caliber yardage of 7,159 and a formidable slope rating of 152. Camp Creek’s five-tee configuration, which also includes gold (senior) and red (women’s) tees, accommodates players of all skill and experience levels. Travel + Leisure Golf cited Camp Creek as “Florida’s No. 1 Course of the New Millennium.” It has also been recognized for its environmental stewardship through designation as a Certified Audubon Cooperative Sanctuary by the Audubon Cooperative Sanctuary System (ACSS). Superintendent Larry Livingston was similarly distinguished as a certified Audubon Steward. Camp Creek is operated by Troon Golf, the leader in upscale golf course management.

About Troon Golf

Headquartered in Scottsdale, Arizona, Troon Golf is the world’s largest golf management company, overseeing operations at more than 200 courses located in 31 states and 31 countries. Additionally, 36 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include Oneida Golf and Country Club, Green Bay, Wis.; Talking Stick Golf Club, Scottsdale, Ariz.; The Clubs at St. James Plantation, Southport, N.C.; Classic Club, Palm Desert, Calif.; Playa Mujeres Golf Club, Cancun, Mexico; and The Grove, London, England. For more information about Troon Golf, visit www.troongolf.com.

About JOE

The St. Joe Company 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.

© 2008 The St. Joe Company. “JOE,” “St. Joe”, “Camp Creek,” “WaterColor,” “WaterSound,” “Victoria Hills,” “Victoria Commons,” “Victoria Gardens,” “Victoria Park” and the “Taking Flight” design are service marks of The St. Joe Company.

Contact:
Shane Sharp

Buffalo Communications

704.519.8381

ssharp@billycaspergolf.com

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