Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate And Accumulated Depreciation [Abstract]

Real Estate And Accumulated Depreciation

THE ST. JOE COMPANY

SCHEDULE III (CONSOLIDATED) — REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011

(in thousands)

	Initial Cost to Company
Description	Encumbrances		Land		Buildings & Improvements		Costs  Capitalized Subsequent to Acquisition(1)			Carried at Close of Period						Accumulated Depreciation
										Land & Land Improvements		Buildings and Improvements		Total
Bay County, Florida
Land with infrastructure	$	3,559	$	2,053	$	593	$	46,019		$	48,072	$	593	$	48,665	$	122
Buildings		—		13,639		11,873		1,017			14,121		12,408		26,529		3,403
Residential		—		21,639		1,300		18,105			41,044		—		41,044		—
Timberlands		—		3,896		—		10,579			14,475		—		14,475		141
Unimproved land		—		2,567		—		7			2,574		—		2,574		—
Broward County, Florida		—		—		—		—			—		—		—		—
Building		—		—		—		—			—		—		—		—
Calhoun County, Florida		—		—		—		—			—		—		—		—
Buildings		—		—		—		180			—		180		180		157
Timberlands		—		1,774		—		4,341			6,115		—		6,115		60
Unimproved land		—		979		—		698			1,677		—		1,677		—
Duval County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		250		—		163			413		—		413		—
Buildings		—		—		—		—			—		—		—		3
Residential		—		—		—		—			—		—		—		—
Timberlands		—		—		—		—			—		—		—		—
Franklin County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		44		—		—			44		—		44		11
Residential		—		8,778		—		(1,842	)		6,936		—		6,936		843
Timberlands		—		1,241		—		1,093			2,334		—		2,334		23
Unimproved Land		—		210		—		9			219		—		219		—
Buildings		—		69		6,527		(4,945	)		147		1,504		1,651		782
Gadsden County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		3,297		—		(2,247	)		1,050		—		1,050		—
Timberlands		—		1,302		—		343			1,645		—		1,645		16
Unimproved land		—		1,664		—		—			1,664		—		1,664		—
Gulf County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		2,855		1,087		4,123			6,977		1,087		8,065		50
Buildings		—		2,843		7,115		9,050			2,826		16,182		19,008		6,788
Residential		—		26,707		526		4,620			31,853		—		31,853		—
Timberlands		—		5,238		—		13,994			19,232		—		19,232		187

THE St. JOE COMPANY

SCHEDULE III (CONSOLIDATED) — REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011

(in thousands)

	Initial Cost to Company
Description	Encumbrances		Land		Buildings & Improvements		Costs Capitalized Subsequent to Acquisition			Carried at Close of Period
										Land & Land Improvements		Buildings and Improvements		Total		Accumulated Depreciation
Unimproved land		—		506		—		969			1,475		—		1,475		—
Jefferson County, Florida		—		—		—		—			—		—		—		—
Buildings		—		—		—		—			—		—		—		—
Timberlands		—		679		—		—			679		—		679		7
Unimproved land		—		193		—		29			222		—		222		—
Leon County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		3,342		—		(270	)		3,072		—		3,072		28
Buildings		—		—		—		20,689			8,651		12,038		20,689		8,405
Residential		2,906		—		—		13,263			13,263		—		13,263		—
Timberlands		—		923		—		878			1,801		—		1,801		17
Unimproved land		—		11		—		533			544		—		544		—
Liberty County, Florida		—		—		—		—			—		—		—		—
Buildings		—		—		585		215			—		800		800		319
Timberlands		—		2,430		205		233			2,868		—		2,868		197
Unimproved land		—		—		—		—			—		—		—		—
St. Johns County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		1,016		—		—			1,016		—		1,016		—
Buildings		—		—		255		644			300		600		899		483
Residential		23,694		10,855		—		3,071			13,926		—		13,926		—

THE St. JOE COMPANY

SCHEDULE III (CONSOLIDATED) — REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011

(in thousands)

	Initial Cost to Company
Description	Encumbrances		Land		Buildings & Improvements		Costs  Capitalized Subsequent to Acquisition			Carried at Close of Period
										Land & Land Improvements		Buildings and Improvements		Total		Accumulated Depreciation
Wakulla County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		—		—		339			339		—		339		—
Buildings		—		—		5		—			—		5		5		5
Timberlands		—		405		—		—			405		—		405		4
Unimproved Land		—		16		—		47			63		—		63		—
Walton County, Florida		—		—		—		—			—		—		—		—
Land with infrastructure		—		56		—		3,371			3,427		—		3,427		—
Buildings		—		—		3,471		65,274			21,820		46,925		68,745		22,332
Residential		—		5,227		—		40,458			45,685		—		45,685		—
Timberlands		—		354		—		925			1,279		—		1,279		12
Unimproved land		—		1,071		—		—			1,071		—		1,071		—
Other Florida Counties		—		—		—		—			—		—		—		—
Land with infrastructure		—		—		—		—			—		—		—		—
Timberlands		—		192		—		—			192		—		192		2
Unimproved land		—		79		—		60			139		—		139		—
Georgia		—		—		—		—			—		—		—		—
Land with infrastructure		—		13,322		—		(8,523	)		4,799		—		4,799		50
Buildings		—		—		1,789		(1,678	)		—		111		111		39
Timberlands		—		6,461		—		—			6,461		—		6,461		3
Unimproved land		—		76		—		7			83		—		83		—
TOTALS	$	30,159	$	148,259	$	35,331	$	245,841		$	336,998	$	92,433	$	429,431	$	44,489

(1) Includes cumulative impairments.

THE St. JOE COMPANY

SCHEDULE III (CONSOLIDATED) — REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011

(in thousands)

Notes:

(A) The aggregate cost of real estate owned at December 31, 2011 for federal income tax purposes is approximately $737.0 million.

(B) Reconciliation of real estate owned (in thousands of dollars):

	2011			2010			2009
Balance at Beginning of Year	$	799,506		$	781,664		$	921,433
Amounts Capitalized		28,309			32,215			15,841
Impairments		(377,270	)		(4,297	)		(93,565	)
Amounts Retired or Adjusted		(21,114	)		(10,076	)		(62,045	)
Balance at Close of Period	$	429,431		$	799,506		$	781,664
(C)   Reconciliation of accumulated depreciation (in thousands of dollars):
Balance at Beginning of Year	$	41,992		$	35,000		$	33,235
Depreciation Expense		12,215			9,453			10,474
Amounts Retired or Adjusted		(9,718	)		(2,461	)		(8,709	)
Balance at Close of Period	$	44,489		$	41,992		$	35,000