Master developer Minto Communities USA, global lifestyle brand Margaritaville Holdings and The St. Joe Company recently announced that land development activities have commenced for Latitude Margaritaville Watersound. An official groundbreaking celebration for the newest active adult community is planned for Spring 2020.
Located in Bay County near Panama City Beach and the Scenic Highway 30A corridor, Latitude Margaritaville Watersound is the third Latitude Margaritaville community to be developed by Minto and Margaritaville, and the first to be developed in partnership with St. Joe. Latitude Margaritaville Watersound is in the heart of St. Joe’s Bay-Walton Sector Plan that is entitled for approximately 170,000 homes. St. Joe owns approximately 15 miles of frontage on the Intracoastal Waterway connecting West Bay with Choctawhatchee Bay, providing access to the Gulf of Mexico
According to reports, the initial phase of Latitude Margaritaville Watersound is anticipated to include approximately 3,500 homes with a sales center, model homes and resort-style amenities for those 55-and-better. The sales center and models are projected to open early 2021. St. Joe has also started planning for new marina and commercial villages adjacent to the community.
Jorge Gonzalez, president and CEO of St. Joe stated, “After a period of planning and preparation, we are excited to begin development at Latitude Margaritaville Watersound. We believe that Northwest Florida is the perfect location for this Latitude Margaritaville community. This region is uniquely suited to offer the type of lifestyle residents of these communities have come to enjoy.”
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For more information on Latitude Margaritaville and to sign up to receive regular development updates, visit www.LatitudeMargaritaville.com. Follow Latitude Margaritaville on Facebook at www.facebook.com/LatitudeMargaritaville and on Twitter at @LatitudeMville.