11949 Grandhaven Dr., Murrells Inlet, SC 29576
Local realty services provided by:Better Homes and Gardens Real Estate Elliott Coastal Living
Listed by: jeff forman
Office: keller williams the forturro g
MLS#:2607484
Source:SC_CCAR
Price summary
- Price:$9,000,000
- Price per sq. ft.:$261.03
About this home
Rarely does a coastal senior housing opportunity of this caliber come to market. Garden Manor Village is a 39-unit senior independent living community nestled in the heart of Murrells Inlet — the Grand Strand's most coveted waterfront village — just five minutes from Garden City Beach and fifteen minutes south of Myrtle Beach. This established, income-producing community offers residents an all-inclusive lifestyle that sets it apart from conventional senior housing: monthly rent covers all utilities, a daily mid-day meal, weekly housekeeping, and a full schedule of social activities. Apartment homes are available in one-bedroom, one-and-a-half-bedroom, and two-bedroom floor plans ranging from 575 to 992 square feet, all featuring full kitchens and in-unit washers and dryers. The property is pet-friendly with no security deposit required — a combination that drives consistent leasing demand in the senior demographic. The investment thesis here is straightforward: a high-quality, amenity-rich asset in one of the Southeast's fastest-growing retirement corridors, operating below stabilized occupancy, with architectural plans already completed for a 16-unit expansion. The value-add story is occupancy-driven, not renovation-dependent. Murrells Inlet offers everything today's active senior demands — waterfront dining along the Marshwalk, world-class golf, Atlantic beaches, and immediate proximity to Grand Strand Medical Center and Tidelands Health. Horry County consistently ranks among the top counties in the nation for 65+ population growth, and South Carolina's tax-favorable environment for retirees continues to fuel in-migration from the Northeast and Midwest. Whether you are an experienced senior housing operator, a private equity group seeking a coastal value-add play, or a private investor looking to diversify into the recession-resilient senior living sector, Garden Manor Village warrants a serious look. Call the listing agent for financials, tour scheduling, and offering memorandum....
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Home facts
- Year built:2002
- Listing ID #:2607484
- Added:4 day(s) ago
- Updated:March 28, 2026 at 02:02 PM
Rooms and interior
- Living area:34,479 sq. ft.
Structure and exterior
- Year built:2002
- Building area:34,479 sq. ft.
- Lot Features:Outside City Limits, Rectangular
- Construction Materials:Masonry
- Foundation Description:Slab
Schools
- High school:Saint James High School
- Middle school:Saint James Middle School
- Elementary school:Seaside Elementary School
Utilities
- Water:Public, Water Available
- Sewer:Sewer Available
Finances and disclosures
- Price:$9,000,000
- Price per sq. ft.:$261.03
Features and amenities
- Amenities:Clubhouse
Parking
- Parking description:Assigned
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