Debt, Net - Schedule of Debt (Details) - USD ($) $ in Thousands		1 Months Ended				12 Months Ended		180 Months Ended
	Feb. 10, 2023	Nov. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2042	Dec. 31, 2027	Dec. 10, 2022	Nov. 30, 2022	Apr. 30, 2022	Jun. 01, 2021
Debt instruments
Outstanding debt						$ 391,411	$ 227,474
Unamortized discount and debt issuance costs						(5,551)	(4,440)
Debt, Net						$ 385,860	223,034
Weighted average effective interest rate of outstanding debt (as a percent)						5.10%
Percentage of debt outstanding at fixed interest rates						60.40%
Average remaining life of debt outstanding						13 years 9 months 18 days
Pier Park Resort Hotel JV Loan
Debt instruments
Effective interest rate (as a percent)						3.20%
Outstanding debt						$ 45,209	$ 14,650
Pier Park Resort Hotel JV Loan | Interest Rate Swap
Debt instruments
Notional amount										$ 42,000
Fixed interest rate (as a percent)										3.20%
Pier Park Resort Hotel JV Loan | SOFR | Subsequent Event
Debt instruments
Basis spread on variable rate (as a percent)	2.10%
Pier Park Resort Hotel JV Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.20%
Watersound Origins Crossings JV Loan
Debt instruments
Floor rate (as a percent)					3.30%	3.30%
Debt interest rate (as a percent)							5.00%
Effective interest rate (as a percent)						7.10%
Outstanding debt						$ 44,015	$ 37,897
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
Effective interest rate (as a percent)						4.10%
Outstanding debt						$ 42,555	43,582
Pearl Hotel Loan
Debt instruments
Effective interest rate (as a percent)						6.30%
Outstanding debt						$ 37,000
PPC JV Loan (insured by HUD)
Debt instruments
Effective interest rate (as a percent)						3.10%
Outstanding debt						$ 35,180	35,670
Mexico Beach Crossings JV Loan (insured by HUD)
Debt instruments
Effective interest rate (as a percent)						3.00%
Outstanding debt						$ 23,374
PPC II JV Loan (insured by HUD)
Debt instruments
Debt interest rate (as a percent)												2.70%
Effective interest rate (as a percent)						2.70%
Outstanding debt				$ 17,300		$ 22,623	17,374
PPC II JV Loan (insured by HUD) | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)				2.10%
Watercrest JV Loan
Debt instruments
Effective interest rate (as a percent)						6.60%
Outstanding debt						$ 21,038	20,053
Watercrest JV Loan | Interest Rate Swap
Debt instruments
Notional amount							$ 20,000						$ 20,000
Fixed interest rate (as a percent)							4.40%						4.40%
Watercrest JV Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.20%
North Bay Landing Loan
Debt instruments
Floor rate (as a percent)						3.20%
Effective interest rate (as a percent)						6.80%
Outstanding debt						$ 18,222	$ 1,342
North Bay Landing Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.50%
Breakfast Point Hotel Loan
Debt instruments
Floor rate (as a percent)							3.80%
Debt interest rate (as a percent)											6.00%
Effective interest rate (as a percent)						6.00%
Outstanding debt						$ 16,376	$ 11,843
Breakfast Point Hotel Loan | Minimum | Forecast
Debt instruments
Debt interest rate (as a percent)									6.00%
Breakfast Point Hotel Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)							2.80%
Breakfast Point Hotel Loan | Treasury - 1 year Constant Maturity | Forecast
Debt instruments
Basis spread on variable rate (as a percent)								3.30%
Breakfast Point Hotel Loan | Treasury - 1 year Constant Maturity | Minimum | Forecast
Debt instruments
Interest rate during period (as a percent)								6.00%
Airport Hotel Loan
Debt instruments
Floor rate (as a percent)						3.00%
Effective interest rate (as a percent)						6.40%
Outstanding debt						$ 14,642	$ 14,642
Airport Hotel Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.00%
Lodge 30A JV Loan
Debt instruments
Effective interest rate (as a percent)						3.80%
Outstanding debt						$ 13,304	7,474
Watersound Camp Creek Loan
Debt instruments
Floor rate (as a percent)						2.60%
Effective interest rate (as a percent)						6.50%
Outstanding debt						$ 13,131	3,437
Watersound Camp Creek Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.10%
Watersound Town Center Grocery Loan
Debt instruments
Floor rate (as a percent)						2.20%
Effective interest rate (as a percent)						6.30%
Outstanding debt						$ 11,379	620
Watersound Town Center Grocery Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.00%
Hotel Indigo Loan
Debt instruments
Floor rate (as a percent)			2.70%			2.70%
Effective interest rate (as a percent)						7.00%
Outstanding debt						$ 10,427
Hotel Indigo Loan | Forecast
Debt instruments
Floor rate (as a percent)		2.50%
Hotel Indigo Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)			2.70%			2.70%
Hotel Indigo Loan | SOFR | Forecast
Debt instruments
Basis spread on variable rate (as a percent)		2.50%
Topsail Hotel Loan
Debt instruments
Floor rate (as a percent)						3.00%
Effective interest rate (as a percent)						6.40%
Outstanding debt						$ 5,199
Topsail Hotel Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)						2.10%
Beckrich Building III Loan
Debt instruments
Effective interest rate (as a percent)						6.10%
Outstanding debt						$ 5,020	5,188
Beckrich Building III Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						1.70%
Self-Storage Facility Loan
Debt instruments
Floor rate (as a percent)						2.90%
Effective interest rate (as a percent)						6.70%
Outstanding debt						$ 4,666	4,666
Self-Storage Facility Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						2.40%
Community Development District debt
Debt instruments
Outstanding debt						$ 4,113	4,909
Community Development District debt | Minimum
Debt instruments
Effective interest rate (as a percent)						3.60%
Community Development District debt | Maximum
Debt instruments
Effective interest rate (as a percent)						6.00%
Beach Homes Loan
Debt instruments
Effective interest rate (as a percent)						6.10%
Outstanding debt						$ 1,447	1,492
Beach Homes Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						1.70%
Pier Park Outparcel Loan
Debt instruments
Effective interest rate (as a percent)						6.10%
Outstanding debt						$ 1,300	1,370
Pier Park Outparcel Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						1.70%
WaterColor Crossings Loan
Debt instruments
Effective interest rate (as a percent)						6.10%
Outstanding debt						$ 1,191	$ 1,265
WaterColor Crossings Loan | LIBOR
Debt instruments
Basis spread on variable rate (as a percent)						1.70%