You Can Now Retire in Margaritaville

16 Mar

You Can Now Retire in Margaritaville

If you’re a diehard Jimmy Buffett fan (also known as a Parrothead) you’ll now have the opportunity to go “searchin’ for your lost shaker of salt” at Latitude Margaritaville, a new Florida retirement community.

Jimmy Buffett is partnering with an Ottawa-based developer called Minto Communities to develop the Margaritaville-themed community in Daytona Beach, Florida. The community will eventually have close to 7,000 homes for residents age 55 and older.

The homes will be built on streets affiliated with lyrics to Buffett’s 1977 mega hit “Margaritaville.”

For example, you will be able to live on Flip Flop Court, Coral Reef Way or St. Somewhere Drive. You’ll be able to take your dog to the “Barkaritaville” pet spa and work out in the Fins Up! Fitness Center or the Paradise Pool. You’ll also be able to take classes at the Workin’ and Playin’ Center or catch a show at the Last Mango Theater, according to The Star. And, of course, you’ll be able to order a Cheeseburger in Paradise at the Latitude Bar & Chill restaurant.

The Buffett Empire

Some people mistakenly believe Jimmy Buffett is a laidback singer. In reality, he is more akin to Warren Buffett. He has an empire of resort hotels and a catalogue of popular products including Margaritaville-branded items such as rafts and blenders. Here is a video highlighting one of his popular hotel properties:

In addition, there is a Broadway musical opening that features his music. Oh yeah, and the 71-year-old musician continues to tour with his band.

Reports indicate that Buffett’s business ventures bring in around $1.5 billion annually. Some people claim there’s a woman to blame, but Buffett knows his business success is his “own damn fault.” When he was approached about expanding the Margaritaville brand into an active-adult community, Buffett seized on the opportunity. He recognized that it was a “natural fit” since a large percentage of his fans are aging baby boomers who have followed his career for decades, according to the Washington Post.

Retiring in an Upscale Community Requires Proper Planning

If you hope to one day retire and enjoy the good life at Latitude Margaritaville, you need to have a retirement plan in place, in addition to a detailed estate plan. If you have questions about planning for your future, contact InSight Law today.

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