Consent of Independent Registered Public Accounting Firm

The Board of Directors

The St. Joe Company:

We consent to the use of our reports with respect to the consolidated financial statements and the effectiveness of internal control over financial reporting incorporated by reference herein and to the reference to our firm under the heading "Experts" in the prospectus.

/s/ KPMG LLP

Jacksonville, Florida

February 1, 2016

Certified Public Accountants