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Debt, Net - Debt Agreements (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended 108 Months Ended
Jan. 31, 2022
USD ($)
Oct. 31, 2021
USD ($)
Aug. 31, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Jan. 31, 2021
USD ($)
Nov. 30, 2020
USD ($)
Apr. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Oct. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Aug. 31, 2031
Aug. 31, 2019
USD ($)
May 31, 2019
USD ($)
May 31, 2018
USD ($)
home
Feb. 28, 2018
USD ($)
Mar. 31, 2017
USD ($)
Oct. 31, 2015
USD ($)
Debt instruments                                        
Outstanding debt                       $ 262,091 $ 227,474              
Community Development District debt (CDD)                       14,000 14,100              
Assets pledged as collateral                       382,600                
Watersound Origins Crossings JV Loan                                        
Debt instruments                                        
Loan amount $ 44,000                             $ 37,900        
Outstanding debt                       $ 44,015 $ 37,897              
Debt interest rate (as a percent)                         5.00%              
Floor rate (as a percent) 3.30%                     3.30%                
Watersound Origins Crossings JV Loan | Minimum                                        
Debt instruments                                        
Company's liability as guarantor, upon reaching and maintaining a certain debt service coverage ratio (as a percent) 25.00%                                      
Watersound Origins Crossings JV Loan | Maximum                                        
Debt instruments                                        
Loan costs                       $ 100                
Company's liability as guarantor, upon reaching and maintaining a certain debt service coverage ratio (as a percent) 50.00%                                      
Watersound Origins Crossings JV Loan | SOFR                                        
Debt instruments                                        
Basis spread on variable rate (as a percent) 2.80%                     2.80%                
PPN JV Loan                                        
Debt instruments                                        
Loan amount                                       $ 48,200
Outstanding debt                       $ 43,329 $ 43,582              
PPC JV Loan (insured by HUD)                                        
Debt instruments                                        
Loan amount                                 $ 36,600      
Outstanding debt                       35,550 35,670              
PPC JV Loan (insured by HUD) | Minimum | Forecast                                        
Debt instruments                                        
Prepayment premium, as a percent of principal repaid                           2.00%            
PPC JV Loan (insured by HUD) | Maximum | Forecast                                        
Debt instruments                                        
Prepayment premium, as a percent of principal repaid                           10.00%            
Watercrest JV Loan                                        
Debt instruments                                        
Loan amount                     $ 22,500                  
Outstanding debt                       $ 20,263 $ 20,053              
Debt instrument, period subject to interest payments only                     36 months                  
Debt interest rate (as a percent)                       4.40% 4.40%              
Watercrest JV Loan | Interest Rate Swap                                        
Debt instruments                                        
Notional amount                     $ 20,000                  
Fixed interest rate (as a percent)                     4.40%                  
Pier Park Resort Hotel JV Loan                                        
Debt instruments                                        
Loan amount               $ 52,500                        
Outstanding debt                       $ 20,087 $ 14,650              
Debt instrument, period subject to interest payments only               36 months                        
Debt service coverage period               12 months                        
Pier Park Resort Hotel JV Loan | Maximum                                        
Debt instruments                                        
Loan amount               $ 60,000                        
Pier Park Resort Hotel JV Loan | Interest Rate Swap                                        
Debt instruments                                        
Notional amount               $ 42,000                        
Fixed interest rate (as a percent)                       3.20%                
PPC II JV Loan                                        
Debt instruments                                        
Loan amount                   $ 17,500                    
Outstanding debt                       $ 17,325 17,374              
Company's liability as guarantor (as a percent)                   50.00%                    
Company's liability as guarantor, upon reaching and maintaining a certain debt service coverage ratio (as a percent)                   25.00%                    
Airport Hotel Loan                                        
Debt instruments                                        
Loan amount                 $ 15,300                      
Outstanding debt                       $ 14,642 $ 14,642              
Debt instrument, period subject to interest payments only                 36 months                      
Floor rate (as a percent)                       3.00% 3.00%              
Breakfast Point Hotel Loan                                        
Debt instruments                                        
Loan amount             $ 16,800                          
Outstanding debt                       $ 13,736 $ 11,843              
Debt instrument, period subject to interest payments only             24 months                          
Floor rate (as a percent)                       3.80% 3.80%              
Watersound Camp Creek Loan                                        
Debt instruments                                        
Loan amount       $ 28,000                                
Outstanding debt                       $ 10,293 $ 3,437              
Debt instrument, period subject to interest payments only       18 months                                
Floor rate (as a percent)                       2.60% 2.60%              
Company's liability as guarantor, upon reaching and maintaining a trailing six months operations with a certain debt service coverage ratio (as a percent)       50.00%                                
Trailing period one for determining Company's liability as guarantor under loan       6 months                                
Company's liability as guarantor, upon reaching and maintaining a trailing twelve months operations with a certain debt service coverage ratio (as a percent)       25.00%                                
Trailing period two for determining Company's liability as guarantor under loan       12 months                                
Lodge 30A JV Loan                                        
Debt instruments                                        
Loan amount           $ 15,000                            
Outstanding debt                       $ 10,262 $ 7,474              
Debt instrument, period subject to interest payments only           24 months                            
Debt service coverage period           24 months                            
Company's liability as guarantor, third year (as a percent)           75.00%                            
Company's liability as guarantor, period for lower liability percentage           12 months                            
Company's liability as guarantor, fourth year (as a percent)           50.00%                            
Company's liability as guarantor, fifth year (as a percent)           25.00%                            
North Bay Landing Apartments Loan                                        
Debt instruments                                        
Loan amount         $ 26,800                              
Outstanding debt                       $ 5,146 $ 1,342              
Floor rate (as a percent)                       3.20% 3.20%              
Loan extension period         18 months                              
Company's liability as guarantor, upon satisfaction of final advance conditions (as a percent)         50.00%                              
Company's liability as guarantor, upon reaching and maintaining a certain debt service coverage ratio (as a percent)         25.00%                              
Beckrich Building III Loan                                        
Debt instruments                                        
Loan amount                             $ 5,500          
Outstanding debt                       $ 5,129 $ 5,188              
Community Development District debt                                        
Debt instruments                                        
Outstanding debt                       4,894 4,909              
Self-Storage Facility Loan                                        
Debt instruments                                        
Loan amount             $ 5,800                          
Outstanding debt                       $ 4,666 $ 4,666              
Debt instrument, period subject to interest payments only             48 months                          
Floor rate (as a percent)                       2.90% 2.90%              
Self-Storage Facility Loan | Maximum                                        
Debt instruments                                        
Amount of liability as guarantor             $ 2,900                          
Watersound Town Center Grocery Loan                                        
Debt instruments                                        
Loan amount     $ 12,000                                  
Outstanding debt                       $ 4,525 $ 620              
Debt instrument, period subject to interest payments only     24 months                                  
Floor rate (as a percent)                       2.20% 2.20%              
Company's liability as guarantor, upon satisfaction of final advance conditions (as a percent)     50.00%                                  
Company's liability as guarantor, upon reaching and maintaining a certain debt service coverage ratio (as a percent)     25.00%                                  
Occupancy requirement (as a percent)     93.00%                                  
Occupancy period     90 days                                  
Mexico Beach Crossings JV Loan (insured by HUD)                                        
Debt instruments                                        
Loan amount $ 43,500                                      
Outstanding debt                       $ 4,157                
Debt instrument, period subject to interest payments only 27 months                                      
Mexico Beach Crossings JV Loan (insured by HUD) | Minimum                                        
Debt instruments                                        
Prepayment premium, as a percent of principal repaid 1.00%                                      
Mexico Beach Crossings JV Loan (insured by HUD) | Maximum                                        
Debt instruments                                        
Prepayment premium, as a percent of principal repaid 10.00%                                      
Beach Homes Loan                                        
Debt instruments                                        
Loan amount                                 $ 1,700      
Outstanding debt                       1,478 $ 1,492              
Number of homes financed | home                                 2      
Pier Park Outparcel Loan                                        
Debt instruments                                        
Loan amount                                     $ 1,600  
Outstanding debt                       1,348 1,370              
WaterColor Crossings Loan                                        
Debt instruments                                        
Loan amount                                   $ 1,900    
Outstanding debt                       1,246 1,265              
Hotel Indigo Loan                                        
Debt instruments                                        
Loan amount   $ 21,200                                    
Outstanding debt                       $ 0 0              
Debt instrument, period subject to interest payments only   24 months                                    
Loan costs                         $ 300              
Loan extension period   60 months