Debt, Net - Schedule of Debt (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended	180 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Nov. 30, 2042	Apr. 30, 2027	Dec. 31, 2022
Debt instruments
Outstanding debt principal	$ 457,400	$ 459,221
Unamortized discount and debt issuance costs	(5,410)	(5,581)
Debt, Net	$ 451,990	453,640
Weighted average effective interest rate of outstanding debt (as a percent)	5.30%
Percentage of debt outstanding at fixed interest rates	66.20%
Average remaining life of debt outstanding	17 years
Watersound Origins Crossings JV Loan (insured by HUD)
Debt instruments
Effective interest rate (as a percent)	5.00%
Outstanding debt principal	$ 52,401	52,546
Pier Park Resort Hotel JV Loan
Debt instruments
Effective interest rate (as a percent)	4.10%
Outstanding debt principal	$ 51,642	51,888
Pier Park Resort Hotel JV Loan | Interest rate swaps
Debt instruments
Notional amount					$ 42,000
Fixed interest rate (as a percent)	3.20%
Pier Park Resort Hotel JV Loan | Interest rate swaps | Forecast
Debt instruments
Notional amount				$ 38,700
Pier Park Resort Hotel JV Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.10%
Mexico Beach Crossings JV Loan (insured by HUD)
Debt instruments
Effective interest rate (as a percent)	3.00%
Outstanding debt principal	$ 42,496	42,405
PPN JV Loan
Debt instruments
Effective interest rate (as a percent)	4.10%
Outstanding debt principal	$ 41,210	41,485
Pearl Hotel Loan
Debt instruments
Effective interest rate (as a percent)	6.30%
Outstanding debt principal	$ 35,150	35,520
PPC JV Loan (insured by HUD)
Debt instruments
Effective interest rate (as a percent)	3.10%
Outstanding debt principal	$ 34,546	$ 34,675
Watersound Camp Creek Loan
Debt instruments
Floor rate (as a percent)	2.60%	2.60%
Effective interest rate (as a percent)	7.40%
Outstanding debt principal	$ 27,700	$ 27,999
Watersound Camp Creek Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.10%
North Bay Landing Loan
Debt instruments
Floor rate (as a percent)	3.30%	3.30%
Effective interest rate (as a percent)	7.90%
Outstanding debt principal	$ 26,750	$ 26,750
North Bay Landing Loan | Upon reaching certain debt service coverage ratio
Debt instruments
Floor rate (as a percent)	3.10%
North Bay Landing Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.60%
North Bay Landing Loan | SOFR | Upon reaching certain debt service coverage ratio
Debt instruments
Basis spread on variable rate (as a percent)	2.40%
PPC II JV Loan (insured by HUD)
Debt instruments
Effective interest rate (as a percent)	2.70%
Outstanding debt principal	$ 22,111	$ 22,215
Hotel Indigo Loan
Debt instruments
Floor rate (as a percent)	2.50%	2.50%
Effective interest rate (as a percent)	7.80%
Outstanding debt principal	$ 20,482	$ 20,690
Hotel Indigo Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.50%
Watercrest JV Loan
Debt instruments
Effective interest rate (as a percent)	7.50%
Outstanding debt principal	$ 19,956	20,074
Watercrest JV Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.20%
Breakfast Point Hotel Loan
Debt instruments
Effective interest rate (as a percent)	6.00%
Outstanding debt principal	$ 15,822	15,937
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%
Lodge 30A JV Loan
Debt instruments
Effective interest rate (as a percent)	3.80%
Outstanding debt principal	$ 14,523	$ 14,655
Airport Hotel Loan
Debt instruments
Floor rate (as a percent)	3.00%	3.00%
Effective interest rate (as a percent)	7.40%
Outstanding debt principal	$ 12,949	$ 13,010
Airport Hotel Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.10%
Topsail Hotel Loan
Debt instruments
Floor rate (as a percent)	3.00%	3.00%
Effective interest rate (as a percent)	7.40%
Outstanding debt principal	$ 12,307	$ 12,307
Topsail Hotel Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.10%
Watersound Town Center Grocery Loan
Debt instruments
Floor rate (as a percent)	2.30%	2.30%
Effective interest rate (as a percent)	7.40%
Outstanding debt principal	$ 10,496	$ 10,531
Watersound Town Center Grocery 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)	7.10%
Outstanding debt principal	$ 5,014	$ 5,014
Beckrich Building III Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	1.80%
Self-Storage Facility Loan
Debt instruments
Floor rate (as a percent)	2.90%	2.90%
Effective interest rate (as a percent)	7.80%
Outstanding debt principal	$ 4,666	$ 4,666
Self-Storage Facility Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	2.50%
Community Development District debt
Debt instruments
Outstanding debt principal	$ 3,403	3,046
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)	7.00%
Outstanding debt principal	$ 1,408	1,416
Beach Homes Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	1.70%
Pier Park Outparcel Loan
Debt instruments
Effective interest rate (as a percent)	7.10%
Outstanding debt principal	$ 1,270	1,275
Pier Park Outparcel Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	1.80%
WaterColor Crossings Loan
Debt instruments
Effective interest rate (as a percent)	7.10%
Outstanding debt principal	$ 1,098	$ 1,117
WaterColor Crossings Loan | SOFR
Debt instruments
Basis spread on variable rate (as a percent)	1.80%