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Ashley Walsh

ashley.walsh@exprealty.com +1(843) 902-9066

Listed by Jeff Forman • Keller Williams The Forturro G

$ 9,000,000

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11949 Grandhaven Dr. Murrells Inlet, SC 29576

34,476 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 34,476 sqft

Price per Sqft $261

Municipality Not within a Subdivision

Subdivision Not Within A Subdivision

MLS Listing ID 2607484

Construction Status Resale

HOA Y/N No

Year Built 2002

Property Sub-Type Apartment

Source CCAR

Property 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 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.

Location

State SC

County Horry

Community Not Within A Subdivision

Area 27B Murrells Inlet - Horry County

Building/Complex Name Garden Manor

Zoning HC

Interior

Fireplace No

Exterior

Parking Features Assigned

Community Features Clubhouse, Long Term Rental Allowed

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Amenities Available Clubhouse, Pet Restrictions

Building

Lot Description Outside City Limits, Rectangular, Rectangular Lot

Foundation Slab

Water Public

Construction Status Resale

Schools

Elementary Schools Seaside Elementary School

Middle Schools Saint James Middle School

High Schools Saint James High School

Others

Senior Community No

Tax ID 46904010019

Security Features Fire Alarm,Heat Detector,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Portfolio Loan

Listing Terms Cash, Conventional, Portfolio Loan

Special Listing Condition None

Pets Allowed Owner Only, Yes

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