State Road 79 Corridor

GATEWAY TO WATERSOUND^®

MASTER PLANNED COMMUNITY

At The St. Joe Company, the ecosystems we create are comprised of thoughtfully designed communities where people, assets, and activity come together to form something greater than the sum of their parts. The State Road 79 (SR 79) corridor in Panama City Beach is a prime example of this vision in action, serving as the gateway to the expansive Watersound^® master-planned community. Here, growth isn’t just measured in square feet or traffic counts, but in the quality of life we help create and the long-term value we build. As development continues, SR-79 will remain a vital gateway—not just to the Watersound region, but to the future of Northwest Florida.

FSU/TMH Medical Campus

In partnership with Florida State University (FSU) and Tallahassee Memorial HealthCare (TMH), The St. Joe Company is developing an 87-acre medical campus in Panama City Beach, Florida. Strategically located at the intersection of SR 79 and Philip Griffitts Sr. Parkway, the campus is envisioned as a comprehensive destination for healthcare. Designed to expand access to quality care, the campus is expected to benefit both local residents and the broader Northwest Florida region. By attracting top providers, supporting education and research, and creating new job opportunities, it will serve as a regional hub for healthcare and economic growth.

Bayside at Ward Creek

Bayside at Ward Creek is a new residential community located just north of the medical campus in Panama City Beach. Planned for approximately 355 homesites, the neighborhood features a mix of townhomes and single-family homes built by D.R. Horton, one of the nation’s most established builders. With its strategic location near healthcare, schools, shopping, and the Gulf Coast’s beaches, Bayside at Ward Creek offers a strong opportunity for homeownership in a growing area of Northwest Florida.

Salt Grass at Ward Creek

Salt Grass at Ward Creek is a new residential community north of the medical campus, across from Bayside. Planned for 535 homesites, the neighborhood features homes by Fischer Homes and Kolter Homes, offering a variety of styles and price points to meet diverse buyer needs. With respected builders and a strategic location in one of Northwest Florida’s fastest-growing areas, Salt Grass at Ward Creek presents a strong opportunity for homeownership and investment.

Breakwater at Ward Creek

Breakwater at Ward Creek introduces the award-winning Toll Brothers brand to Northwest Florida, bringing a new level of luxury to this sought-after area. Planned for 348 single-family homes, this gated community combines architectural sophistication with the value of personalized design, offering buyers the opportunity to select premium finishes and fixtures from top brands. With Toll Brothers’ reputation for quality craftsmanship and enduring appeal, Breakwater at Ward Creek represents a premier investment in both lifestyle and long-term value.

Point South Marina West Bay

Point South Marina at West Bay is now under construction, with plans for approximately 600 boat slips in a premier location where West Bay meets the Intracoastal Waterway. This marina is envisioned as a regional amenity that will serve the surrounding communities, offering convenient access to some of Northwest Florida’s most desirable waterways, from North Bay and East Bay to St. Andrews Bay and the gulf. Designed to elevate the boating lifestyle, Point South Marina at West Bay will become a destination in itself—connecting residents, visitors, and neighboring communities to the water while enhancing the long-term value of the area.

Watersound West Bay Center

Watersound West Bay Center is envisioned as the area’s newest lifestyle destination, with plans for up to 500,000 square feet of commercial space. Anchored by a Publix shopping center and complemented by retail, dining, and professional services, the center will create a vibrant hub of activity for both residents and visitors. Its prime location at the entrance to Latitude Margaritaville Watersound and just minutes from Northwest Florida Beaches International Airport positions Watersound West Bay Center as a high-visibility, high-growth opportunity for commercial tenants looking to serve one of the region’s fastest-growing markets.

Latitude Margaritaville Watersound

Master developer Minto Communities USA, global lifestyle brand Margaritaville Holdings, and The St. Joe Company have partnered to bring Latitude Margaritaville Watersound to life—a vibrant 55+ community on Florida’s Emerald Coast. The first phase includes plans for 3,500 homes, with more than 2,000 already completed and sold. Fueled by strong demand for the Latitude Margaritaville lifestyle, the community is poised for exponential growth and continued expansion.

Northwest Florida Beaches International Airport

Northwest Florida Beaches International Airport (ECP) serves as a growing gateway to the region, with passenger numbers increasing each year and reflecting the strong demand for Northwest Florida’s lifestyle and destinations. Conveniently located near State Road 79, the airport offers visitors a seamless introduction to the area. As travelers head south from ECP, SR 79 becomes a natural corridor into the Watersound experience—inviting them to enjoy the community’s coastal lifestyle, natural beauty, and sense of place from the moment they arrive.