1058 Savannah Bluff

New Construction Multifamily Development | Conway, South Carolina

Minimum Investment Required: $100,000

Project Overview

1058 Savannah Bluff is a ground-up multifamily development located in Conway, South Carolina, within the fast-growing Myrtle Beach–Conway metropolitan area. The project consists of 27 residential units across three newly constructed buildings, designed to meet the strong and growing demand for quality rental housing near major employment centers, healthcare facilities, and Coastal Carolina University.

The land has already been acquired and rezoned (MRD-3), and the project is currently in the final design phase, working with the architect and structural engineer. Once municipal approvals are finalized, the project will be fully construction-ready.

This is a rare opportunity to participate in new-construction multifamily in one of the fastest-growing MSAs in the U.S., with a defined development timeline and a clear exit strategy.

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The Opportunity

Investors are offered the opportunity to participate as equity partners in a value-driven development project with multiple layers of risk mitigation:

  • Land already owned

  • Entitlements and zoning in place

  • New construction (lower maintenance, higher tenant demand)

  • Strong rental fundamentals

  • Planned stabilization and exit within ~3 years

The business plan targets lease-up stabilization followed by a sale upon completion, capturing both development and market appreciation upside.

Project Details

  • Total Units: 27

  • Unit Mix:

    21 × Two-Bedroom Apartments

    6 × One-Bedroom Apartments

  • Buildings: 3 (9 units per building)

  • Property Type: Multifamily

  • Lot Size: ~1.39 acres

  • Average Projected Rent: ~$1,450 per unit

Each unit is designed for long-term rental appeal, catering to students, healthcare workers, professionals, and local workforce tenants.

Location Highlights – Conway, SC

The property is located just 1 mile from Coastal Carolina University and minutes from:

  • Conway Medical Center

  • Major retail and shopping centers

  • Restaurants and services

  • Key highways connecting to Myrtle Beach

The broader Myrtle Beach–Conway MSA benefits from:

  • Significant population growth since 2000

  • Strong in-migration from both retirees and working professionals

  • A diversified employment base including healthcare, education, tourism, retail, and government

This combination supports consistent rental demand and long-term asset liquidity.

1058 Savannah Bluff Rd, Conway, SC 29526, USA

Market Overview

  • One of the fastest-growing metropolitan areas in the U.S.

  • Strong renter base supported by employment, education, and affordability

  • Forecasted rent growth over the next 5 years

  • Limited supply of new-construction multifamily assets in the immediate submarket

New construction multifamily assets in Conway are scarce, positioning Savannah Bluff as a premium, in-demand product upon delivery.

Development Timeline

  • Current Phase: Design, engineering, and municipal approvals

  • Construction Start: Estimated in 6–8 months

  • Construction Period: 12–18 months

  • Lease-Up: ~3 months

  • Total Project Timeline: Approximately 2.5–3 years

  • Exit Strategy: Sale upon stabilization

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