The Real Deal Miami

Margaritaville-themed senior housing development planned in the Panhandle

Margaritaville Holdings, Minto Communities USA and The St. Joe Company are teaming up to develop the 55-and-older project near Panama City Beach
May 20, 2018 01:00PM

Latitude Margaritaville Watersound rendering

The third Latitude Margaritaville residential real estate development for residents 55 and older is coming to Florida’s Panhandle region.

Margaritaville Holdings, Minto Communities USA and The St. Joe Company plan to develop Latitude Margaritaville Watersound near Panama City Beach.

The location is a property in Bay County called Watersound, which St. Joe owns. According to a press release by Minto, Watersound is part of a larger property entitled for the construction of 170,000 homes.

Two other Latitude Margaritaville communities are under development near Hilton Head, South Carolina, and in Daytona Beach.

The press release did not specify how many homes are planned at the 55-and-older community in Watersound.

At the other two Latitude Margaritaville developments, Minto is planning to build 6,900 homes in Daytona Beach and more than 3,000 near Hilton Head, South Carolina.  – Mike Seemuth