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Exhibit 23.2

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Consent of Independent Auditors

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We hereby consent to the incorporation by reference in the Registration Statements on Form S‑3 (File No. 333-209264) and Form S‑8 (File No. 333-289883) of The St. Joe Company of our report dated January 30, 2026 relating to the financial statements of LMWS, LLC, appearing in the Annual Report on Form 10-K of The St. Joe Company for the year ended December 31, 2025.

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/s/ Gerson, Preston, Klein, Lips, Eisenberg & Gelber, PLLC

Miami, Florida

February 10, 2026

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