EXHIBIT 21.1 THE ST. JOE COMPANY LIST OF SUBSIDIARIES (includes joint ventures, indirect ownership and 100% directly owned entities) State of Name Organization 280 INTERSTATE NORTH, L.L.C. DE - -------------------------------------------------------------- 1133 D.C., L.L.C. FL - -------------------------------------------------------------- 1750 K, L.L.C. FL - -------------------------------------------------------------- 1750 K SPE COMPANY FL - -------------------------------------------------------------- 5660 NND, L.L.C. FL - -------------------------------------------------------------- ADVANTIS CONSTRUCTION COMPANY FL - -------------------------------------------------------------- ADVANTIS REAL ESTATE SERVICES COMPANY FL - -------------------------------------------------------------- APALACHICOLA NORTHERN RAILROAD COMPANY FL - -------------------------------------------------------------- ARTISAN PARK, L.L.C. DE - -------------------------------------------------------------- ARVIDA HOUSING L.P., INC. DE - -------------------------------------------------------------- ARVIDA MID-ATLANTIC HOMES, INC. NC - -------------------------------------------------------------- ARVIDA/JMB PARTNERS, L.P. DE - -------------------------------------------------------------- BEACON SQUARE, L.L.C. FL - -------------------------------------------------------------- C RIDGE ONE, L.L.C. FL - -------------------------------------------------------------- CODINA GROUP, INC. FL - -------------------------------------------------------------- CROOKED CREEK REAL ESTATE COMPANY FL - -------------------------------------------------------------- CROOKED CREEK UTILITY COMPANY FL - -------------------------------------------------------------- DEER POINT I & II, LLC FL - -------------------------------------------------------------- DEERFIELD COMMONS I, LLC DE - -------------------------------------------------------------- DEERFIELD PARK, LLC GA - -------------------------------------------------------------- EAGLE POINT, L.L.C. FL - -------------------------------------------------------------- GEORGIA WIND I, LLC FL - -------------------------------------------------------------- GEORGIA WIND II, LLC FL - -------------------------------------------------------------- GEORGIA WIND III, LLC FL - -------------------------------------------------------------- MCNEILL BURBANK HOMES, LLC NC - -------------------------------------------------------------- MILLENIA PARK ONE, L.L.C. FL - -------------------------------------------------------------- MONTEITH HOLDINGS, LLC NC - -------------------------------------------------------------- OVERLOOK I & II, LLC FL - -------------------------------------------------------------- PARK POINT LAND, LLC FL - -------------------------------------------------------------- PARK POINT, LLC FL - -------------------------------------------------------------- PASEOS MORTGAGE, LLC DE - -------------------------------------------------------------- PASEOS TITLE, LLC DE - -------------------------------------------------------------- PASEOS, LLC DE - -------------------------------------------------------------- PSJ DEVELOPMENT L.P. DE - -------------------------------------------------------------- PSJ WATERFRONT, LLC FL - -------------------------------------------------------------- RESIDENTIAL COMMUNITY MORTGAGE COMPANY, LLC DE - -------------------------------------------------------------- RESIDENTIAL COMMUNITY TITLE COMPANY DE - -------------------------------------------------------------- RIVERCREST MORTGAGE, LLC DE - -------------------------------------------------------------- RIVERCREST TITLE, LLC DE - -------------------------------------------------------------- RIVERCREST, LLC DE - -------------------------------------------------------------- RIVERSIDE CORPORATE CENTER, L.L.C. FL - -------------------------------------------------------------- RIVERTOWN REAL ESTATE COMPANY 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 - -------------------------------------------------------------- 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 CENTRAL FLORIDA CONTRACTING, INC. FL - -------------------------------------------------------------- ST. JOE COMMERCIAL DEVELOPMENT, INC. DE - -------------------------------------------------------------- ST. JOE COMMERCIAL, INC. FL - -------------------------------------------------------------- ST. JOE COMMUNITY SALES, INC. FL - -------------------------------------------------------------- ST. JOE DEERWOOD PARK, L.L.C. FL - -------------------------------------------------------------- ST. JOE DEVELOPMENT, INC. FL - -------------------------------------------------------------- ST. JOE FINANCE COMPANY FL - -------------------------------------------------------------- ST. JOE HOME BUILDING, L.P. DE - -------------------------------------------------------------- ST. JOE LAND COMPANY FL - -------------------------------------------------------------- ST. JOE NORTHEAST FLORIDA CONTRACTING, INC. FL - -------------------------------------------------------------- ST. JOE RESIDENTIAL ACQUISITIONS, INC. FL - -------------------------------------------------------------- ST. JOE RESORTS & CLUBS, L.L.C. FL 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 - -------------------------------------------------------------- ST. JOE TERMINAL COMPANY FL - -------------------------------------------------------------- ST. JOE TIMBERLAND COMPANY OF DELAWARE, L.L.C. DE - -------------------------------------------------------------- ST. JOE TOWNS & RESORTS, L.P. DE - -------------------------------------------------------------- ST. JOE UTILITIES COMPANY FL - -------------------------------------------------------------- ST. JOE WEST FLORIDA CONTRACTING, INC. FL - -------------------------------------------------------------- ST. JOE/ARVIDA COMPANY, INC. FL - -------------------------------------------------------------- ST. JOE-SOUTHWOOD PROPERTIES, INC., FL - -------------------------------------------------------------- SUNSHINE STATE CYPRESS, INC. FL - -------------------------------------------------------------- TALISMAN SUGAR CORPORATION FL - -------------------------------------------------------------- THE PORT ST. JOE MARINA, INC. FL - -------------------------------------------------------------- VICTORIA PARK MORTGAGE, INC. FL - -------------------------------------------------------------- VICTORIA PARK REAL ESTATE, INC. FL - -------------------------------------------------------------- WATERCOLOR REAL ESTATE, INC. FL - -------------------------------------------------------------- WATERCOLOR VACATION RENTALS, INC. FL - -------------------------------------------------------------- WATERSOUND REAL ESTATE, INC. FL - -------------------------------------------------------------- WATERSOUND VACATION RENTALS, INC. FL. - -------------------------------------------------------------- WESTCHASE DEVELOPMENT VENTURE, L.P. TX - --------------------------------------------------------------