This plant is believed to be extirpated in the wild in Florida.  According to most sources, it was known from a single area south of Miami near Biscayne Bay.  Old specimens at the University of Florida Herbarium for Escambia and Okaloosa counties were re-examined in 2006 and re-identified as Baccacharis dioica.  It has also been reported to have been found on a dune near Mobile, AL (Woodlanders, Inc.) and introduced into the nursery trade from there.  The map of herbarium speciment locations on the Florida Plant Atlas have not been updated.  Plants commercially available in FL apparently come from imports from the Bahamas. Where a moderate-sized shrub is wanted.

Based on BONAP maps and the ISB website, the range of Physalis walteri likely includes the entire peninsula of Florida but becomes restricted to areas close to the coast in much of the panhandle and along the east coast north of the peninsula. Mostly planted for interest in the husked fruits

Curiosity in wetland gardens.

Leaves are very small and arranged in circles around the stem at each node giving it a banded appearance. This is a fern ally and reproduces by spores. Water gardens, edges of retention ponds, rain gardens or bioswales.

Moist wildflower garden.