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News Date: 11/19/2025

News Title: Development around Water Tower Road and Highway 90 continues – Lennar to be building over 200 single-family homes
Summers Cove is the tentative name for a new home community near the intersection of Water Tower Road and Highway 90.

Development plans for the new home community of Summers Cove consist of several parcels in a combined approximate 85.92 tract of land.

Earlier activity in Summers Cove with Horry County City Council altered the zoning of this land from Commercial Forest Agriculture to Multi Residential District (3) in order to build approximately 212 single family homes.

Preliminary planning for Summers Cove will be to provide “pocket parks” throughout the community. Pocket parks are openly accessible areas to the community for the purpose of providing safe and inviting space for residents to relax, exercise, socialize and/or play.

Members of the Coates family owned this land and sold it to Millrose Properties in June of 2025.

Lennar Corporation, one of the most prominent builders of new home construction in the Myrtle Beach area, on December 18, 2024, officially filed with the Securities and Exchange Commission to spin off its land holdings into a new publicly traded real estate investment trust (REIT) named Millrose Properties.

This move now allows Lennar to concentrate more on its core competencies in home design and construction, while Millrose Properties will manage land acquisition and development, providing finished homesites to Lennar and potentially other builders.

As a result, it is expected that Lennar will be the builder in Summers Cove.

Timing for the new home community of Summers Cove has not yet been announced.

Homes for sale in Summers Cove

Lennar already has two other new home communities in this same general area:

The Overlook - The new home community – The Overlook – by Lennar started presales in June of 2025. A couple of years ago, Horry County City Council approved the development of 200 single-family homes in the new home community of The Overlook in Longs, SC. Lennar is pricing the single-family homes in The Overlook starting from the low $200’s.

Waterfall Villages – Lennar first began to sell the single-family homes in Waterfall Villages in July of 2023. Homes sold very quickly in Waterfall Villages. The initial set of 60 single family homes in Waterfall Villages were completely sold out by early 2024. The initial phases of homes in Waterfall Villages sold from the $260’s to the $340’s. Horry County has approved the development of a total of 139 single family homes in Waterfall Villages. Lennar is planning on building and selling the remaining 79 single family homes in 2025. Lennar is now pricing the new single-family homes in Waterfall Villages starting from the high $200’s.

A couple other new home communities are also being developed near Summers Cove by other builders.

Forestwood - Pulte officially began selling single family homes in their new home community of Forestwood in January of 2025. Pulte is offering 15 different new home plans in Forestwood, with prices starting from $312,990, 2-5 bedrooms, 2-5.5 bathrooms, and 2-3 car garages. Single family homes sizes in Forestwood range from approximately 1,702 square feet to 3,220 square feet. There are planned to be approximately 92 single family homes in an initial phase of development in the new home community of Forestwood just off of Water Tower Road. Pulte is now pricing the new single-family homes in Forestwood starting from $325,990.

Marshfield - Marshfield is a new home community by Beazer Homes being developed off of Water Tower Road on a parcel of land that is approximately 221.42 acres. Beazer began presales in September of 2025 in the new home community of Marshfield. Preliminary plans are indicating completion of development of this new home community of Marshfield within five years. Early on plans by Beazer Homes are indicating approximately 112 lots in Phase 1 and 140 lots in Phase 2 in Marshfield. Beazer is now pricing the new single-family homes in Marshfield starting from $363,000.



New home community of Summers Cove by Lennar


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