UPDATE: You Can Retire in Jimmy Buffett's Margaritaville

Updated: July 5, 2018 at 3:36 p.m.

South Carolina residents are getting a taste of the sweet (and salty) life at Latitude Margaritaville Hilton Head in South Carolina this past weekend at their grand opening event. Sales of the homes have started for 203 home sites, but the company plans on building a total of 3,000 in the walkable neighborhood.

Updated: May 18, 2018 at 11:45 a.m.

Latitude Margaritaville announced their third location for the 55+ community. Latitude Margaritaville Watersound, located near Panama City Beach in Florida's Panhandle region. Watersound joins the Daytona Beach location and Latitude Margaritaville Hilton Head in South Carolina.

According to the community's Instagram account, sales for the Watersound community are projected to begin in early 2020.

Model homes at Latitude Margaritaville Daytona Beach opened in February of this year with nine designs for buyers to choose from.

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Parrotheads, rejoice! Jimmy Buffett's famed Margaritaville is coming to life -- not in Key West, but in Daytona Beach. Minto Communities, a Canadian development company, announced the famed songwriter's Margaritaville Holdings company would be a "strategic partner" in the creation of a 6,900-home community for residents 55 and older.

Latitude Margaritaville, Daytona Beach, as the community will be known, will feature "world-class amenities and design [and] reflect Margaritaville's authentic 'no worries' tropical vibe, offering an immersive brand experience," according to a release from Minto.

Current plans call for walkable neighborhoods and a Town Center featuring a fitness center with an aerobics studio, indoor lap pool, spa, and group fitness classes; indoor and outdoor dining with signature food and beverage concepts, as well as others; arts and learning programs for residents and guests; and a resort pool area with beach entry.

margaritavilla-retirement-community
Facebook/Minto Properties

Latitude Margaritaville will also heavily incorporate music into its lifestyle; a band shell for live acts will be stationed near the Town Center, and a beachfront club will offer stunning views of the Atlantic Ocean.

"For over 60 years Minto has focused on providing incredible lifestyle in the communities we create," said Bill Bullock, senior vice president of Minto Communities. "We are thrilled to be partnering with Margaritaville to put the exclamation point on fun living for active adults!"

Margaritaville Retirement Community
Margaritaville

As they say in the business, location is everything, and Jimmy Buffett's latest venture is no different.

The community is centrally located at LPGA Boulevard and Interstate 95, with quick access to Daytona International Speedway, Daytona Beach International Airport, Daytona One entertainment, dining and shopping destination and more.

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