. . . Exhibit 21.1 SUBSIDIARY ENTITY LIST (includes joint ventures, indirect ownership and 100% directly owned entities) STATE COMPANY NAME INCORPORATED - ------------------------------------------------------------------------------------- 1133 D.C., L.L.C. FL f/k/a/ 1133 20th Street, L.L.C. f/k/a Centrum 780, L.L.C. - ------------------------------------------------------------------------------------- 1750 K, L.L.C. FL - ------------------------------------------------------------------------------------- 280 INTERSTATE NORTH, L.L.C. DE - ------------------------------------------------------------------------------------- 5660 NND, L.L.C. FL - ------------------------------------------------------------------------------------- ABB/DICKINSON PARTNERSHIP, LTD. FL - ------------------------------------------------------------------------------------- ADVANTIS CONSTRUCTION COMPANY FL f/k/a St. Joe Commercial Construction Services, Inc. f/k/a St. Joe/Arvida Mortgage - ------------------------------------------------------------------------------------- ADVANTIS REAL ESTATE SERVICES COMPANY FL f/k/a St. Joe Commercial Property Services, Inc. f/k/a Jacksonville Properties, Inc. - ------------------------------------------------------------------------------------- APALACHICOLA NORTHERN RAILROAD COMPANY FL - ------------------------------------------------------------------------------------- ARTISAN PARK, L.L.C. DE - ------------------------------------------------------------------------------------- ARVIDA CAPITAL CONTRACTING, INC. FL - ------------------------------------------------------------------------------------- ARVIDA CENTRAL FLORIDA CONTRACTING, INC. FL - ------------------------------------------------------------------------------------- ARVIDA COMMUNITY SALES, INC. FL - ------------------------------------------------------------------------------------- ARVIDA HOUSING L.P., INC. DE - ------------------------------------------------------------------------------------- ARVIDA MID-ATLANTIC CONTRACTING, INC. NC - ------------------------------------------------------------------------------------- ARVIDA MID-ATLANTIC HOMES, INC. NC - ------------------------------------------------------------------------------------- ARVIDA NORTHEAST FLORIDA CONTRACTING, INC. FL - ------------------------------------------------------------------------------------- ARVIDA RESORTS & CLUBS, L.L.C. FL f/k/a St. Joe/Arvida West Florida Resort Holdings, L.L.C. d/b/a's: Camp Creek Golf Club WaterColor Inn Fish Out of Water Bait House WaterColor Beach Club St. Johns Golf & Country Club Victoria Hills Golf Club WaterColor Market WaterColor Workout Center SouthWood Golf Club - ------------------------------------------------------------------------------------- ARVIDA WEST FLORIDA CONTRACTING, INC. FL - ------------------------------------------------------------------------------------- ARVIDA/JMB PARTNERS, L.P. DE - ------------------------------------------------------------------------------------- BEACON SQUARE, L.L.C. FL - ------------------------------------------------------------------------------------- C RIDGE ONE, L.L.C. FL f/k/a St. Joe Commercial, L.L.C. - ------------------------------------------------------------------------------------- CODINA GROUP, INC. FL f/k/a Codina Bush Group, Inc. f/k/a Codina Group, Inc. - ------------------------------------------------------------------------------------- CROOKED CREEK REAL ESTATE COMPANY FL - ------------------------------------------------------------------------------------- CROOKED CREEK UTILITY COMPANY FL - ------------------------------------------------------------------------------------- DEERFIELD COMMONS I, LLC DE - ------------------------------------------------------------------------------------- DEERFIELD PARK, LLC GA - ------------------------------------------------------------------------------------- EAGLE POINT, L.L.C. FL - ------------------------------------------------------------------------------------- GEORGIA WIND I, LLC FL f/k/a Georgia Wind, LLC - ------------------------------------------------------------------------------------- GEORGIA WIND II, LLC FL - ------------------------------------------------------------------------------------- 1 SUBSIDIARY ENTITY LIST (includes joint ventures, indirect ownership and 100% directly owned entities) STATE COMPANY NAME INCORPORATED - ------------------------------------------------------------------------------------- GEORGIA WIND III, LLC FL - ------------------------------------------------------------------------------------- GOODMAN-SEGAR-HOGAN-HOFFLER, LP VA d/b/a Goodman-Segar-Hogan-Hoffler Limited Partnership in North Carolina - ------------------------------------------------------------------------------------- MCNEILL BURBANK HOMES, LLC NC - ------------------------------------------------------------------------------------- MILLENIA PARK ONE, L.L.C. FL - ------------------------------------------------------------------------------------- MONTEITH HOLDINGS, LLC NC - ------------------------------------------------------------------------------------- PASEOS MORTGAGE, LLC DE - ------------------------------------------------------------------------------------- PASEOS TITLE, LLC DE - ------------------------------------------------------------------------------------- PASEOS, LLC DE f/k/a Jupiter Woods, LLC a Arvida(R)/Terrabrook(TM) Community - ------------------------------------------------------------------------------------- PSJ DEVELOPMENT L.P. DE - ------------------------------------------------------------------------------------- PSJ WATERFRONT, LLC FL - ------------------------------------------------------------------------------------- RESIDENTIAL COMMUNITY MORTGAGE COMPANY, LLC DE f/k/a Community Residential Mortgage Services, LLC - ------------------------------------------------------------------------------------- RESIDENTIAL COMMUNITY TITLE COMPANY DE - ------------------------------------------------------------------------------------- RIVERCREST MORTGAGE, LLC DE - ------------------------------------------------------------------------------------- RIVERCREST TITLE, LLC DE - ------------------------------------------------------------------------------------- RIVERCREST, LLC DE - ------------------------------------------------------------------------------------- RIVERSIDE CORPORATE CENTER, L.L.C. FL - ------------------------------------------------------------------------------------- SAUSSY BURBANK, INC. NC - ------------------------------------------------------------------------------------- SGW, INC. FL - ------------------------------------------------------------------------------------- SJA LICENSES ETC. COMPANY FL - ------------------------------------------------------------------------------------- SJP TECHNOLOGY COMPANY FL - ------------------------------------------------------------------------------------- SOUTHEAST BONDED HOMEBUILDER WARRANTY ASSOCIATION, L.L.C. FL f/k/a Sunbelt Bonded Homebuilder Warranty Association, L.L.C. - ------------------------------------------------------------------------------------- SOUTHEAST INSURANCE COMPANY VT - ------------------------------------------------------------------------------------- SOUTHHALL CENTER, L.L.C. FL - ------------------------------------------------------------------------------------- SOUTHWOOD MORTGAGE, INC. FL - ------------------------------------------------------------------------------------- SOUTHWOOD REAL ESTATE, INC. FL - ------------------------------------------------------------------------------------- ST. JAMES ISLAND UTILITY COMPANY FL - ------------------------------------------------------------------------------------- ST. JOE CAPITAL I, INC. DE - ------------------------------------------------------------------------------------- ST. JOE COMMERCIAL DEVELOPMENT, INC. DE - ------------------------------------------------------------------------------------- ST. JOE COMMERCIAL, INC. FL - ------------------------------------------------------------------------------------- ST. JOE DEERWOOD PARK, L.L.C. FL - ------------------------------------------------------------------------------------- ST. JOE DEVELOPMENT, INC. FL - ------------------------------------------------------------------------------------- ST. JOE FINANCE COMPANY FL - ------------------------------------------------------------------------------------- ST. JOE LAND COMPANY FL - ------------------------------------------------------------------------------------- ST. JOE RESIDENTIAL ACQUISITIONS, INC. FL f/k/a St. Joe/James Island Development, Inc. f/k/a St. Joe/Alaqua Lakes, Inc. - ------------------------------------------------------------------------------------- ST. JOE TERMINAL COMPANY FL - ------------------------------------------------------------------------------------- ST. JOE TIMBERLAND COMPANY OF DELAWARE, L.L.C. successor by merger of DE St. Joe Timberland Company, a Florida corporation, f/k/a St. Joseph Land and Development Company into St. Joe Timberland Company of Delaware, a Delaware corporation - ------------------------------------------------------------------------------------- ST. JOE UTILITIES COMPANY FL - ------------------------------------------------------------------------------------- ST. JOE/ARVIDA COMPANY, INC. FL - ------------------------------------------------------------------------------------- 2 SUBSIDIARY ENTITY LIST (includes joint ventures, indirect ownership and 100% directly owned entities) STATE COMPANY NAME INCORPORATED - ------------------------------------------------------------------------------------- ST. JOE/ARVIDA COMPANY, L.P. DE d/b/a Education Partners - ------------------------------------------------------------------------------------- ST. JOE/CENTRAL FLORIDA DEVELOPMENT, INC. FL - ------------------------------------------------------------------------------------- ST. JOE/CENTRAL FLORIDA MANAGEMENT, INC. FL - ------------------------------------------------------------------------------------- ST. JOE/CNL PLAZA, INC. FL - ------------------------------------------------------------------------------------- ST. JOE/CNL REALTY GROUP, LTD. FL - ------------------------------------------------------------------------------------- ST. JOE-ARVIDA HOME BUILDING, L.P. DE - ------------------------------------------------------------------------------------- ST. JOE-SOUTHWOOD PROPERTIES, INC., FL f/k/a Southwood Properties, Inc. f/k/a Jacksonville Properties, Inc. - ------------------------------------------------------------------------------------- SUNSHINE STATE CYPRESS, INC. FL - ------------------------------------------------------------------------------------- TALISMAN SUGAR CORPORATION FL - ------------------------------------------------------------------------------------- THE PORT ST. JOE MARINA, INC. FL - ------------------------------------------------------------------------------------- TNT DEERWOOD, L.L.C. FL - ------------------------------------------------------------------------------------- VICTORIA PARK MORTGAGE, INC. FL - ------------------------------------------------------------------------------------- VICTORIA PARK REAL ESTATE, INC. FL - ------------------------------------------------------------------------------------- WAKULLA SILVER SPRINGS COMPANY FL - ------------------------------------------------------------------------------------- WATERCOLOR REALTY, INC. FL - ------------------------------------------------------------------------------------- WATERSOUND REALTY, INC. FL - ------------------------------------------------------------------------------------- WESTCHASE DEVELOPMENT VENTURE, L.P. TX - ------------------------------------------------------------------------------------- WESTSIDE CORPORATE CENTER, L.L.C. FL - ------------------------------------------------------------------------------------- 3