Jimmy Buffett to open 'Margaritaville' retirement communities

First is set to open in 2018

By Samantha Fischer
Kevin Winter/Getty Images

Musician Jimmy Buffett has announced his plans to open a string of retirement homes with a Margaritaville theme by 2018, Forbes reports.

The first community is planned to pop up in Daytona Beach, Florida, where retirees will be able to "live in a paradise where the party never stops and 'growing older, not up' is encouraged." Those interested--"55 and better"-- will be able to enjoy recreation, fitness, spas and personal beachfront access.

Buffett is working with Minto Communities on the project. Prices for furnished models start in the low $200s.

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