Can't resist
One more St Joe comparison, then I'm done. Probably not.
ZH notes an apartment sold in Hong Kong for about $75 million USD. The apartment has 4000 sqft.
I've already shown that you can get 3000 super-elegant sqft for 110k.
How many sqft could you buy for $75 million? Assuming all the houses were for sale, and assuming what appears to be the median price in this part of St Joe, here's what you could buy for $75 million:
1200 nice livable houses. Nuff said.