Bluegreen Corporation Announces Off-Site Preview Centers in Florida, Texas and Pennsylvania.

BOCA RATON, Fla. -- Bluegreen Corporation (NYSE: BXG), a leading U.S. developer and marketer of timeshare resorts ("Bluegreen Resorts") and planned residential and golf communities ("Bluegreen Communities(R)"), today announced three new off-site Bluegreen Vacation Club(R) Preview Centers in Destin, FL, Plano, TX and King of Prussia, PA.

These new locations will increase to seven the number of Bluegreen Vacation Club Preview Centers, joining those serving the Indianapolis, IN, Detroit, MI, Harbor Springs, MI and Minneapolis, MN markets. Bluegreen Resorts also markets and sells its vacation ownership products through Bluegreen Preview Centers at 15 of its resort locations throughout the United States.

George F. Donovan, President and Chief Executive Officer of Bluegreen(R), commented, "These new facilities will expand our sales and marketing efforts in areas of the country where Bluegreen does not have a resort presence but, based on our research, does have a high demand for vacation ownership. We believe these new Preview Centers will allow us to effectively convey the benefits of the Bluegreen Vacation Club and build our database of qualified, permission-based leads."

In July 2004, Bluegreen opened a 3,547 square-foot temporary off-site Preview Center in Destin, FL. The Company plans to relocate to a permanent Preview Center in the area during the fourth quarter of this year, further demonstrating its commitment to the Florida market as a premier vacation destination.

Bluegreen plans to open a 17,000-square-foot off-site Preview Center in Plano, TX and a 19,000-square-foot off-site Preview Center in King of Prussia, PA, during the fourth quarter of 2004. The Texas facility will be the first Bluegreen sales operation in the Southwest and is a natural draw for Midwestern resorts such as Big Cedar Wilderness Club(TM) and The Falls Village(TM). The Pennsylvania Preview Center is expected to support the Company's recent acquisition of The Suites at Hershey, the newest Bluegreen Vacation Club resort located in Hershey, PA.

Bluegreen off-site Preview Centers typically feature full-scale model replicas of a 2-bedroom, 2-bath vacation ownership unit and show video footage taken from other Bluegreen resort units. They are also fully equipped with interactive kiosks so the owner can see firsthand the benefits of becoming a member of the Bluegreen Vacation Club.

ABOUT BLUEGREEN CORPORATION

Bluegreen is one of the leading companies engaged in the acquisition, development, marketing and sale of vacation ownership resorts and residential homesites. Bluegreen Resorts are located in a variety of popular vacation destinations, including: Marathon, Florida; Orlando, Florida; Ormond Beach, Florida; St. Augustine, Florida; Surfside, Florida; the Smoky Mountains of Tennessee; Myrtle Beach, South Carolina; Charleston, South Carolina; Wisconsin Dells, Wisconsin; Gordonsville, Virginia; Hershey, Pennsylvania; Branson, Missouri; Ridgedale, Missouri; Boyne Falls, Michigan; and Aruba. Bluegreen Communities operations are predominantly located in the Southeastern and Southwestern United States.

This press release contains forward-looking statements and the Company desires to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 in connection with these statements. Statements contained herein are not statements of historical fact may be deemed forward-looking statements. The words "believe," "expect," "intend," "anticipate," "project," "may," "should," "designed to," "estimate," "hope," "plan" and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The Company does not undertake and specifically disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are based on current expectations and assumptions and are

inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and many of which are beyond the Company's control. Future events could differ materially from those set forth in, contemplated by, or underlying such forward-looking statements. The risks and uncertainties to which forward-looking statements are subject to include, but are not limited to, the following: general economic conditions, the continued success of Bluegreen's sales and marketing strategies, specifically as they relate to the performance of the new Preview Centers discussed in this release, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including its most recent Form 10-K filed on March 29, 2004 and its Quarterly Report on Form 10-Q filed on August 16, 2004.