US: Co-developers AmeriCraft Homes and M Group Companies have secured a $60 million construction loan from DLP Capital for the Margaritaville Vacation Residences Myrtle Beach.
The 271-unit residential community is located in Arcadian Shores. It will feature one, two, and three-bedroom condominiums with amenities including a restaurant and lobby bar, a pool with cabanas and tiki bar, a fitness centre, and more.
When not in use, owners can opt-in to have their condos included in a rental management program.
Vertical construction has already begun with building one, two, and all resort amenities expected to be completed by late 2027.
Around 25 per cent of the inventory is sold with prices starting from $300,000.
“We’re excited to work with this iconic brand to bring a one-of-a-kind lifestyle community to one of the country’s most beloved beachfront destinations,” said Art Falcone, CEO of AmeriCraft Homes. “From the fully furnished residences to the hospitality-driven amenities, every aspect of the community has been thoughtfully curated to enhance the coastal living experience.”
Patrick Marino, chairman and CEO of M Group Companies, added: “Buyers are looking for more than just a residence; they want a lifestyle-driven experience. At Margaritaville Vacation Residences Myrtle Beach, we’re delivering a turnkey piece of paradise, complete with onsite rental management services and a robust amenity program that makes every day feel like a vacation.”
Highlights:
- AmeriCraft Homes and M Group Companies secured a $60 million construction loan from DLP Capital for Margaritaville Vacation Residences Myrtle Beach in Arcadian Shores.
- The 271-unit beachfront residential community will include one-, two- and three-bedroom condominiums with resort-style amenities including pools, bars, dining and fitness facilities.
- Owners will be able to opt into an onsite rental management programme, enabling short-term letting when units are not in personal use.
- Construction is underway, with full completion of buildings and amenities targeted for late 2027 and around 25 per cent of units already sold from $300,000.
