INCOME TAXES (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Current
Federal					$ 0	$ 0	$ 0
State					0	0	0
Total current					0	0	0
Deferred
Federal					0	473	(375)
State					0	0	0
Total deferred					0	473	(375)
Total income tax expense (benefit)	123	350	0	0	0	473	(375)
NOL carryback, limitation of use period							5 years
Federal tax refund received							33,627
Deferred income tax assets [Abstract]
Tax over book basis of land inventory	14,524				14,564	14,524
Unrecoverable land development costs	6,965				6,622	6,965
Executive incentive compensation	548				1,099	548
Net operating loss carry forward	19,987				33,872	19,987
Impairment charges	56,973				74,551	56,973
Other	5,945				5,428	5,945
Total deferred income tax assets	104,942				136,136	104,942
Valuation allowance for deferred tax assets	(91,483)				(126,533)	(91,483)
Net deferred income tax assets	13,459				9,603	13,459
Deferred income tax liability [Abstract]
Book over tax income recognized on sale of the Ocala Property	(12,899)				(9,118)	(12,899)
Tax over book on 4.50% Convertible Notes	(767)				(696)	(767)
Book over tax basis of depreciable assets	207				211	207
Restricted stock	0				0	0
Deferred income tax liability	(13,459)				(9,603)	(13,459)
Net deferred income tax liability	0				0	0
Deferred tax effect of gain on sale of property					24,355		24,355
Federal statutory rate (in hundredths)					35.00%	35.00%	35.00%
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Income tax (benefit) expense computed at statutory rate					(31,582)	(57,893)	(12,419)
State income tax (benefit) expense, net of federal benefit					(3,388)	(6,521)	(1,200)
Adjustment to 2009 net operating loss carryback					0	0	795
Change in valuation allowance on deferred tax assets					35,050	68,961	12,103
Prior period adjustments charged to retained earnings					0	(4,044)	0
Other					(80)	(30)	346
Income tax (benefit) expense					0	473	(375)
Tax refunds							33,627	21,356
Income tax receivable reduction	473				473	473
Income tax receivable	$ 1,293				$ 1,293	$ 1,293