Panama City Beach, FL — September 17, 2026 — Today, Minto Communities USA (“Minto”), The St. Joe Company (NYSE: JOE) (“St. Joe”) and Margaritaville Holdings (“Margaritaville”) announced that Latitude Margaritaville Watersound is expanding with Phase Two of the popular community. Groundbreaking is projected for mid-2027.

With a laid-back lifestyle of fun, food, music and escapism, award-winning Latitude Margaritaville communities have captured the imagination of today’s vibrant 55 and better homebuyers who are growing older…but not up.

Latitude Margaritaville Watersound is being developed by Minto and St. Joe, under licensing from global lifestyle brand Margaritaville Holdings. Located on Northwest Florida’s Emerald Coast near Panama City Beach, it is in the heart of St. Joe’s vast Bay-Walton Sector Plan that encompasses approximately 110,500 acres with approximately 15 miles of frontage on the Intracoastal Waterway. Since the start of Latitude Margaritaville Watersound home sales in 2021, there have been 2,637 home contracts as of September 15, 2026, underscoring the demand for the community.

“We look forward to expanding Latitude Margaritaville Watersound and introducing the next chapter of the Latitude Margaritaville lifestyle with new home designs and exciting enhancements to our world-class amenities,” notes Minto USA Division President of Acquisition and Development Dutch Neuweiler.

“Latitude Margaritaville Watersound is a wonderful example of what can happen when a strong brand, an exceptional location, and great partners come together,” said Margaritaville President of Development Jim Wiseman. “The continued success of Watersound speaks to the strength of the Margaritaville lifestyle and the tremendous work of the teams at Minto and St. Joe. We’re excited to build on that success with this next chapter.”

Phase Two will be sited on a 3,565-acre parcel along the Intracoastal Waterway and will include approximately 3,500 homes. It will also feature a second resort-style amenity center on the same scale as the community’s completed Town Square with the addition of exciting new concepts.

Latitude Margaritaville Watersound currently offers four distinct home collections, the Conch Cottage Collection, Caribbean Villas Collection, Beach and Island Collections of single-family homes and Vista Collection of luxury two-story homes overlooking the Intracoastal Waterway. Home designs capture the “no worries” tropical vibe that defines Latitude Margaritaville. Floor plans range from 1,210 to 4,048 square feet under air with pricing from the $300s. Fourteen colorful island-styled model homes are open daily for viewing. Minto will continue with these popular home styles while introducing a number of new innovative floorplans in Phase Two.

The completed Latitude Margaritaville Watersound Town Square features a terraced amphitheater, thatched roof bandshell, full-size concert stage for live music and a jumbo screen for live streaming and movies. There is also a specially surfaced dance floor that provides a little give and spring for dancers. A two-story Latitude Bar & Chill restaurant with rooftop Overlook Bar provides a range of Margaritaville-inspired food and beverage concoctions, live entertainment and panoramic views of the Intracoastal Waterway.

A massive lagoon-style Paradise Pool with beach-like gradual entry and shaded Tiki Island is surrounded by an expansive sun deck. A state-of-the-art Fins Up! Fitness Center offers indoor lap pool and whirlpool spa as well as a wellness program. There are tennis, pickleball and bocce ball courts and an outdoor game lawn with cornhole, billiards, table tennis, putting green and more. The Town Square also features a Workin’ N’ Playin’ Center that includes the Last Mango Theater, Hangar Workshop and Barkaritaville Pet Spa. Residents also enjoy the Barkaritaville Dog Park and the Intracoastal Waterway by kayak from the Port of Indecision kayak launch.

In addition to existing and planned amenities within the community, St. Joe is continuing to expand the commercial town center adjacent to Latitude Margaritaville Watersound. Watersound® West Bay Center is already home to a growing collection of businesses, with additional retail, dining and service offerings planned, including a Publix Super Market currently under construction. St. Joe also has plans to develop a public marina along the Intracoastal Waterway. Additionally, a healthcare campus located just minutes from Latitude Margaritaville Watersound on an 87-acre parcel near the intersection of State Highway 79 and Phillip Griffitts Sr. Parkway is being developed. The first phase of the campus is open with a variety of services, including urgent and primary care, cardiology, pulmonology, orthopedics, obstetrics and gynecology, dermatology and a surgery center. Additionally, an FSU state-of-the-art acute care, teaching and research hospital is currently under construction on the medical campus.

Minto Communities and Margaritaville were presented with the Zonda 2026 Master Plan of the Year Award for their portfolio of Latitude Margaritaville communities and Ideal-LIVING magazine recently recognized Latitude Margaritaville Watersound among the Top 100 Best Places to Live across the U.S. and abroad. The National Association of Homebuilders recognized Minto and Latitude Margaritaville Watersound with a 2026 silver Best in 55+ Housing Award for the Latitude Margaritaville Watersound Town Square amenity center.

Latitude Margaritaville Watersound is the third of the incredibly popular, award-winning Latitude Margaritaville communities. The first of the communities, Latitude Margaritaville Daytona Beach sold out more than five years ahead of projections. The second to open was Latitude Margaritaville Hilton Head in South Carolina. Additional Latitude Margaritaville communities are being planned for South Florida, Texas, and other popular destinations.

Latitude Margaritaville Watersound is located at 9201 Highway 79, Panama City Beach, Florida. Sales Center hours are Monday through Saturday, 9 a.m. to 5 p.m., and Sunday, 11 a.m. to 5 p.m. Models are open daily. For information on Latitude Margaritaville, visit www.LatitudeMargaritaville.com or Minto Communities, visit www.mintousa.com.