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Real Estate and Tangible Water Assets (Details) (USD $)
3 Months Ended 12 Months Ended 3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Real Estate and Tangible Water Assets [Line Items]      
Impairment of real estate $ (1,875,000)us-gaap_ImpairmentOfRealEstate [1],[2] $ (2,865,000)us-gaap_ImpairmentOfRealEstate [3]  
Real Estate, Fair Value 1,300,000pico_RealEstateFairValue    
Asset impairment charge   3,500,000us-gaap_TangibleAssetImpairmentCharges  
Capitalized costs   0us-gaap_RealEstateHeldforsale  
Real Estate Investment Property, at Cost 15,169,000us-gaap_RealEstateInvestmentPropertyAtCost 16,463,000us-gaap_RealEstateInvestmentPropertyAtCost  
Accumulated amortization 11,118,000pico_ImprovementsToRealEstateAccumulatedAmortization 10,899,000pico_ImprovementsToRealEstateAccumulatedAmortization  
Residential real estate and home construction inventories 329,710,000pico_InventoryRealEstateResidential 322,938,000pico_InventoryRealEstateResidential  
Other real estate inventories completed or under development 10,308,000us-gaap_InventoryRealEstateOther 10,308,000us-gaap_InventoryRealEstateOther  
Water and Water Rights 42,531,000pico_WaterAndWaterRights 42,530,000pico_WaterAndWaterRights  
Real estate and tangible water assets, net 397,718,000pico_RealEstateAndWaterAssetsNet 392,239,000pico_RealEstateAndWaterAssetsNet  
Real Estate Operations      
Real Estate and Tangible Water Assets [Line Items]      
Impairment of real estate   (2,900,000)us-gaap_ImpairmentOfRealEstate
/ us-gaap_StatementBusinessSegmentsAxis
= pico_RealEstateOperationsMember
 
Real Estate Investment Property, at Cost   1,400,000us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= pico_RealEstateOperationsMember
 
Leasehold Improvements      
Real Estate and Tangible Water Assets [Line Items]      
Amortization $ 220,000us-gaap_AdjustmentForAmortization
/ pico_RealEstateAndWaterAssetsByTypeAxis
= us-gaap_LeaseholdImprovementsMember
  $ 220,000us-gaap_AdjustmentForAmortization
/ pico_RealEstateAndWaterAssetsByTypeAxis
= us-gaap_LeaseholdImprovementsMember
[1] The Company had a non-recurring fair value measurement for real estate and capitalized development costs that resulted in an impairment loss discussed in Note 2 “Real Estate and Tangible Water Assets.”
[2] The Company had a non-recurring fair value measurement for a tangible water asset that resulted in an impairment loss discussed in Note 2 “Real Estate and Tangible Water Assets.”
[3] The Company had a non-recurring fair value measurement of a real estate asset discussed in Note 2 “Real Estate and Tangible Water Assets, Net.”