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About This Home
This 0-bedroom, 0-bathroom multi-family at 11949 Grandhaven Dr. in Murrells Inlet, SC is listed for $9,000,000 ($261 per sqft). Built in 2002, the home offers 34,476 sqft of living space on a N/A lot.
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 inves
tor 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.
Key Features
- Built in 2002
Property Details
Monthly Cost Estimate
$48,134/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11949 Grandhaven Dr.
Murrells Inlet, SC 29576
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 11949 Grandhaven Dr. is listed at $9,000,000 ($261/sqft). The estimated monthly payment is $39,000 based on 20% down at 6.5% interest.
Key features include: Built in 2002.
This property is listed by Jeff Forman and can be reached at 8439024325 or jeff@forturro.com.



