LOS ANGELES, CA – JUNE 09: Musician Jimmy Buffett performs at the after party for the premiere of Universal Pictures’ ‘Jurassic World’ at Hollywood & Highland on June 9, 2015 in Los Angeles, California. (Photo by Kevin Winter/Getty Images).
The golden years are looking even brighter with news that Jimmy Buffett is planning to open a string of luxurious Margaritaville retirement home communities, the first in Daytona Beach, Florida. Retirees will be able to live in a paradise where the party never stops and ‘growing older, but not up’ is encouraged. The price tag will start in the low $200s and furnished models are scheduled to open in early 2018 for those 55 and up.
Buffett, 70, has teamed with developer Minto Communities on Latitude Margaritaville. “It’s going to be a very fun place, ” Minto Vice President Bill Bullock told ABC News of the $1 billion project that is expected to feature 7,000 two-and-three-bedroom homes. “We expect our first residents to be living in the community by late summer of 2018.” Bullock claims that there have already been over 10,000 registrants in the first two weeks of offers.
This utopia promises retirees exciting recreation, fitness facilities, lap pools, spas, personal beachfront access, unmatched dining and an entertaining nightlife. Minto Communities has 60 years of experience developing award-winning, master-planned communities and building quality homes for over 80,000 families.
Buffett was reported to have a net worth of $550 million as of 2016 and was ranked No. 13 on Forbes first-ever list of America’s Wealthiest Celebrities. His 2016 earnings alone total an approximate $40.5 million.
His 1977 hit Margaritaville is the eponym for his Orlando-based global brand, Margaritaville Ent erprises, which he founded in 2006. The song depicts an idyllic picture-perfect life in paradise and serves as the basis for much of his vision. The classic tune reached No. 8 on the Billboard 100 and has been hailed as one of the most lucrative songs of all time.
Up next for Buffett is an exclusive free concert on March 30 at the grand opening of his Margaritaville restaurant at Universal City Walk in Los Angeles, the chain’s first California location. This concert is by invite-only but fans can enter to win tickets to the intimate performance here.
The singer, songwriter, best-selling author and business tycoon has enjoyed huge success with his Margaritaville empire, which includes nine destination resorts in the United States and the Caribbean, four casinos and more than 60 restaurants that include his signature Margaritaville Restaurants, award-winning JWB Prime Steak & Seafood, 5 o’Clock Somewhere Bar & Grill and LandShark Bar & Gr ill.
More than 15 million people visit a Buffett destination each year. And now, many will be able to call Margaritaville home.