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SILENT AUCTION FEATURING LOCAL ARTISTS HIGHLIGHT OF "HEART-HEALTHY" EVENING AT ST. JOE'S WATERSOUND BEACH CLUB

Guests can bid on original creations by over 40 regional artists to benefit Heart and Vascular Services at Sacred Heart Hospital on the Emerald Coast

WATERSOUND, FL - (November 5, 2008) - The St. Joe Company's WaterSound Beach Club will hold a silent auction, featuring original works by over 40 local artists as part of its "Heart Healthy Extravaganza" held Saturday, November 22, 2008, from 7 p.m. to 10 p.m. The Beach Club is located at 146 Dune Drift Lane in the WaterSound Beach residential, resort Gulf Coast community set along Scenic Highway 30A.

Pieces at the auction will include oils, acrylics, watercolors, pottery, sculptures, mosaics, photography and jewelry by the following local artists:

Richard Arriaga, Jamie Babula, Murray Balkcom, Donna Burgess, Sue Carol Knight, Robert Carter, Donnelle Clark, Teresa Cline, Betty Cork, Joe Coultier, Allison Craft, Cindi Eastburn, Carol Ebejay, Billie Gaffrey, Justin Gaffrey, Sheila Goode, Franco, Gordie Hinds, Lisa Hinds, June Holm, Chick Huettel, Kurt Lishka, Terry Long, Woodie Long, Susan Lucas, Kris Meigs, Wendy Mignot, Racquel Morgan, Susie Munz, Deborah Orr, Barbara Patisaul, Sandy Proctor, Lesa Rowe, Mary Kay Samouce, Beverly Starbucks, Kenny Walker, Stephanie Wheeler, Allison Wickey and Eszra Zarragosa.

The "Heart Healthy Extravaganza," an evening of healthy, gourmet cuisine prepared by six of the area's best chefs, will offer guests a chance to enter a drawing to win a weekend vacation at WaterSound Beach, dinner at local restaurants, as well as other great prizes. The evening will wind down with live music and dancing under the stars.

All proceeds will go towards the Sacred Heart Foundation's capital campaign to raise $5 million to expand heart and vascular services at Sacred Heart Hospital on the Emerald Coast in Walton County, Florida.

Advance tickets are $125 per person and $150 at the door. Tables for parties of 8 can be reserved for $1,200; tables for parties of 10 can be reserved for $1,500. Guests with reserved tables will enjoy a champagne reception at 6 p.m. and an advance opportunity to bid in the silent auction. To purchase tickets or make a donation to the campaign, contact Joan Luchese (jmluchese@bellsouth.net ; 850.231.9941) or Marie McKenna (msipp@cox.net ; 850.622-2199). Tickets are also available at the following locations: WaterSound Beach Cafe on 30A, WaterSound Real Estate Sales Office, Fonville Press at Alys Beach, WaterColor Real Estate Sales Office, the Gift Shop at the Sacred Heart Hospital, the Sacred Heart Foundation Office, or Kitchenique in the Destin Outlet Mall.

WaterSound will continue its support of the Sacred Heart Foundation with a 5K run on Thanksgiving Day, November 27th, 2008. The run will begin at 8 a.m. sharp at WaterSound's Village Commons, located off of Highway 98 in WaterSound, FL.

About Sacred Hearth Health System
Sacred Heart Health System has established itself as Northwest Florida's leader in providing high quality health care to children and adults. Sacred Heart has been recognized for eight straight years by National Research Corporation as winner of the Consumer Choice Award as the most preferred health care system in Northwest Florida. Key services at Sacred Heart's 458-bed hospital in Pensacola include: a Regional Heart and Vascular Institute, Children's and Women's Hospital, a Level II Trauma Center, a Cancer Center affiliated with M.D. Anderson Physicians Network, and a large network of primary care doctors and specialists that stretches from Foley, Alabama to Panama City Beach, Florida. In 2003, the Health System also added Sacred Heart Hospital on the Emerald Coast, a 58-bed community hospital in Walton County, east of Destin. The Health System also operates the AIRHeart air ambulance with two helicopters serving Northwest Florida from bases in Walton County and Marianna. For more information, call 850-416-7000 or visit www.sacred-heart.org

About WaterSound Beach
WaterSound Beach is a 256-acre gated residential community sitting directly on the Gulf of Mexico along Scenic Highway 30A between Camp Creek Lake and Deer Lake State Park in Northwest Florida's South Walton County. Developed by The St. Joe Company, WaterSound Beach stretches for a mile along the Gulf Coast's crystal white sands and emerald waters, with pedestrian bridges and footpaths linking the community's various neighborhoods, complemented by the property's dramatic dunes and lush, natural spaces. At full build-out, the community is planned to include 499 residences. The WaterSound Beach GateHouse, designed by the renowned Graham Gund, features 10 additional residential units, available for rent. Amenities include the private WaterSound Beach Club, with a 7,000 square-foot free-form swimming pool and 14,000 square feet of pool decks; two neighborhood pools; the Dunesider Grille; a yacht pond; a puttering park; and Signal Park, which includes a dog park and a kids playing area. Two miles east of WaterSound Beach is Camp Creek Golf Course, a private, 18-hole, par-72 championship course configured by renowned designer Tom Fazio. WaterSound Beach homeowners are eligible to apply for membership at WaterSound Beach Club and Camp Creek Golf Club. For more information, visit JOE.com / Keyword: WaterSound Beach

About St. 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.

Copyright 2008, The St. Joe Company. “St. Joe”,“JOE”,“WaterSound” and the “Taking Flight” design are service marks of The St. Joe Company.

WaterSound Media Contacts:
Stacy Hamilton, 850.231.6562
April Nichols and Martin Elder, 212.620.7100

Sacred Heart Hospital Contact:
Meg Norwood, 850.278.3030








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