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Joint Ventures - Equity in Income (Loss) from Unconsolidated JV (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) Transaction	Dec. 31, 2024 USD ($) Transaction	Dec. 31, 2023 USD ($) Transaction	Dec. 31, 2018 USD ($)
Investments
Distributions from unconsolidated JVs	$ 35,600	$ 27,000
Capital contribution to unconsolidated joint ventures	7,823	1,734	$ 2,305
Equity in income (loss) from unconsolidated joint ventures	$ 25,626	$ 23,578	$ 22,701
Latitude Margaritaville Watersound JV \| Residential homes
Investments
Number of home sale transactions \| Transaction	527	659	641
Investment, Unconsolidated joint ventures
Investments
Cumulative undistributed earnings	$ 18,800
Maximum exposure to loss	125,400
Latitude Margaritaville Watersound JV
Investments
Distributions from unconsolidated JVs	35,400	$ 26,600
Equity in income (loss) from unconsolidated joint ventures	32,237	29,270	$ 23,627
Amount of intra-entity profit eliminated	500
Sea Sound JV
Investments
Equity in income (loss) from unconsolidated joint ventures			(35)
Watersound Fountains Independent Living JV
Investments
Capital contribution to unconsolidated joint ventures	3,400	1,700
Equity in income (loss) from unconsolidated joint ventures	(4,110)	(4,410)	(725)
Watersound Fountains Independent Living JV and Pier Park RI JV
Investments
Capital contribution to unconsolidated joint ventures	7,800
Pier Park TPS JV
Investments
Distributions from unconsolidated JVs		200
Capital contribution to unconsolidated joint ventures				$ 3,100
Equity in income (loss) from unconsolidated joint ventures	(292)	(545)	(362)
Pier Park RI JV
Investments
Capital contribution to unconsolidated joint ventures	4,400
Equity in income (loss) from unconsolidated joint ventures	(2,129)	(946)
Busy Bee JV
Investments
Equity in income (loss) from unconsolidated joint ventures	(140)	107	(36)
Electric Cart Watersound JV
Investments
Equity in income (loss) from unconsolidated joint ventures	(87)	(34)	112
Watersound Management JV
Investments
Distributions from unconsolidated JVs	200	100
Equity in income (loss) from unconsolidated joint ventures	$ 147	$ 136	$ 120