Exhibit 21.1

Subsidiaries of the Registrant: CTO Realty Growth, Inc.

as of December 31, 2025:


	Organized Under Laws of	Percentage of Voting Securities Owned by Immediate Parent
Alpine Income Property Manager, LLC	Delaware	100.0	⁽³⁾
CTO TRS Crisp39 LLC	Delaware	100.0	⁽³⁾
CTO TRS Mitigation LLC	Delaware	100.0	⁽⁹⁾
CTO TRS TBMB LLC	Delaware	100.0	⁽³⁾
CTO16 Atlantic LLC	Delaware	100.0	⁽³⁾
CTO17 Westcliff TX LLC (f/k/a CTO17 Westcliff LLC)	Delaware	100.0	⁽³⁾
CTO18 Albuquerque NM LLC	Delaware	100.0	⁽³⁾
CTO18 Jacksonville FL LLC	Delaware	100.0	⁽³⁾
CTO19 Oceanside NY LLC	Delaware	100.0	⁽³⁾
CTO19 Reston VA LLC	Delaware	100.0	⁽³⁾
CTO19 Strand Jax LLC	Delaware	100.0	⁽³⁾
CTO20 Crossroads AZ LLC	Delaware	100.0	⁽³⁾
CTO20 Hialeah LLC	Delaware	100.0	⁽³⁾
CTO20 Perimeter II LLC	Delaware	100.0	⁽³⁾
CTO20 Perimeter LLC	Delaware	100.0	⁽³⁾
CTO20 Tampa LLC	Delaware	100.0	⁽³⁾
CTO21 Acquisitions II LLC	Delaware	100.0	⁽³⁾
CTO21 Acquisitions LLC	Delaware	100.0	⁽³⁾
CTO21 AL Outparcel LLC	Delaware	100.0	⁽³⁾
CTO21 Apex LLC (f/k/a CTO20 Falls Centre LLC)	Delaware	100.0	⁽³⁾
CTO21 Buford 1 LLC	Delaware	100.0	⁽³⁾
CTO21 Exchange LLC	Delaware	100.0	⁽³⁾
CTO21 Santa Fe LLC	Delaware	100.0	⁽³⁾
CTO21 Winter Park LLC	Delaware	100.0	⁽³⁾
CTO22 Forsyth LLC	Delaware	100.0	⁽³⁾
CTO22 Madison Yards LLC	Delaware	100.0	⁽³⁾
CTO22 Short Pump LLC	Delaware	100.0	⁽³⁾
CTO22 Waterstar LLC	Delaware	100.0	⁽³⁾
CTO22 Watters Creek LLC	Delaware	100.0	⁽³⁾
CTO23 Founder DAL LLC	Delaware	100.0	⁽³⁾
CTO23 Rockwall LLC	Delaware	100.0	⁽³⁾
CTO24 Brandon LLC	Delaware	100.0	⁽³⁾
CTO24 Carolina LLC	Delaware	100.0	⁽³⁾
CTO24 Forsyth LLC	Delaware	100.0	⁽³⁾
CTO24 Hypoluxo LLC (f/k/a CTO20 Santa Fe LLC)	Delaware	100.0	⁽³⁾
CTO24 Millenia LLC	Delaware	100.0	⁽³⁾
CTO24 MSTC LLC	Delaware	100.0	⁽³⁾
CTO25 Main Street LLC	Delaware	100.0	⁽³⁾
Daytona JV LLC	Delaware	100.0	⁽⁷⁾
DB Beach Land LLC	Delaware	100.0	⁽³⁾
DB Main Street LLC	Delaware	100.0	⁽³⁾
DB Mainland LLC	Delaware	100.0	⁽³⁾⁽⁸⁾
DB Mainland Two LLC	Delaware	100.0	⁽³⁾
IGI18 Back 40 LLC	Delaware	100.0	⁽⁶⁾
IGI20 Crossroads AZ LLC	Delaware	100.0	⁽⁶⁾
IGI20 Tampa LLC	Delaware	100.0	⁽¹⁰⁾
IGI21 Katy LLC	Delaware	100.0	⁽⁶⁾
IGL20 Tampa LLC	Delaware	100.0	⁽⁶⁾
Indigo Development LLC	Florida	100.0	⁽³⁾
Indigo Group Inc.	Florida	100.0
Indigo Group Ltd. (A Limited Partnership)	Florida	100.0	⁽¹⁾
LHC15 Atlantic DB JV LLC	Delaware	100.0	⁽³⁾
LHC15 Riverside FL LLC	Delaware	100.0	⁽³⁾
Palms Del Mar Inc.	Florida	100.0
Tomoka24 Granada LLC	Delaware	100.0	⁽³⁾
Tomoka24 Rivana LLC	Delaware	100.0	⁽³⁾

Tomoka25 Ashley Park LLC	Delaware	100.0	⁽³⁾
Tomoka25 Las Palmas LLC (f/k/a CTO23 Forsyth Land LLC	Delaware	100.0	⁽³⁾
Tomoka25 Pompano LLC	Delaware	100.0	⁽³⁾
Tomoka Ag Inc.	Florida	0.0	⁽²⁾