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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.

Agent Description

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

2002

Monthly Cost Estimate

$48,134/mo

20% down · 6.5% · 30 years

Principal$6,509
Interest$39,000
Insurance$2,625

Estimates only. Actual payments may vary.

Location

11949 Grandhaven Dr.

Murrells Inlet, SC 29576

Property Details

Parking

Assigned

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.

JF

Jeff Forman

Agent at Keller Williams The Forturro Group

(843) 902-4325

Listed by Keller Williams The Forturro Group · View on Broker Site

MLS# 2607484· Source: listhub· Updated 70 days ago

Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

11949 Grandhaven Dr., Murrells Inlet, SC 29576

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