Murrells Inlet, December 19, 2025
Murrells Inlet is experiencing significant economic growth along Highway 707, marked by new commercial and residential developments. This initiative, led by South Carolina entrepreneurs, includes the opening of popular restaurant chains and the construction of new apartment complexes, signaling a dynamic shift that enhances living and business conditions in the area. As the local economy thrives, infrastructure improvements, such as highway widening and safety enhancements, are also being introduced to accommodate rising demands, ensuring sustainable progress in this vibrant coastal community.
Murrells Inlet: A Hub of Opportunity on Highway 707
The spirit of enterprise is unmistakably alive in Murrells Inlet, where a surge of new commercial and residential developments along Highway 707 signals robust economic expansion and a commitment to community growth. This vibrant activity reflects the determination of South Carolina entrepreneurs and the positive impact of private investment in the region. As new businesses open their doors and housing options expand, Murrells Inlet is solidifying its reputation as a dynamic area for living and commerce.
This wave of development is not merely about construction; it is about creating new opportunities, fostering local jobs, and enhancing the quality of life for residents. The seamless integration of commercial amenities and residential spaces demonstrates a thoughtful approach to urban planning, encouraging a self-sustaining local economy where businesses can thrive and families can prosper. This growth highlights the resilience of the Myrtle Beach SC business community, continually adapting and expanding to meet evolving demands.
A Commercial Boom Along Highway 707
Highway 707 near Murrells Inlet is experiencing significant commercial growth, with several new developments underway. This includes a variety of fast-food establishments and other businesses designed to serve the expanding population and visitor base. Among the notable additions are popular brands like Taco Bell, Zaxby’s, McDonald’s, Dunkin’ Donuts, and Starbucks, which are setting up new locations or enhancing their presence in the area.
One such example is the Zaxby’s restaurant that opened its first Murrells Inlet location at 11872 Highway 707 on June 12, 2023. This new establishment features a modern farmhouse-style design and offers indoor seating for up to 52 guests, alongside an expedited double drive-thru service. This particular Zaxby’s was projected to create up to 40 new employment opportunities within the community. Another Taco Bell at Highway 707 & Oak Hampton Drive in Murrells Inlet is listed as being under construction with a projected year of completion in 2025.
Residential Expansion Meets Growing Demand
Complementing the commercial growth, new apartment buildings are also part of the ongoing developments along Highway 707 near Murrells Inlet. The real estate landscape in Murrells Inlet has shown substantial growth, with a 40% increase in new construction listings by late 2024. This trend extends to single-family homes, with new developments emerging near Garden City Beach, contributing to the area’s dynamic housing market. Several rental buildings and newly constructed apartments are available throughout Murrells Inlet, offering diverse living options.
Notable residential projects include “Ranch Haven” and “The Farm at Timberlake,” both developed by D.R. Horton, near Highway 707 and Holmestown Road. “Ranch Haven” was expected to open in 2024 with construction already in progress, while “The Farm at Timberlake” still has new homes available. This expansion is vital for accommodating the influx of new residents drawn to the vibrant local economy and coastal lifestyle, underscoring the demand for robust housing solutions in the Myrtle Beach small business ecosystem and surrounding communities.
Infrastructure Enhancements Support Progress
The rapid development in Murrells Inlet necessitates and is supported by crucial infrastructure improvements. Horry County, recognized as one of the fastest-growing communities nationwide, has seen its Highway 707 undergo widening projects to manage increased traffic volumes. These projects, partially funded through local initiatives like Horry County’s ‘Riding on a Penny’ program, are essential for ensuring smooth transportation and accessibility for both residents and businesses.
Further demonstrating a proactive approach to community well-being, safety improvements have been proposed for SC 707, also known as Socastee Boulevard. These plans, anticipated to begin construction in the fall of 2026, include adding high-visibility crosswalks, ADA ramps, leading pedestrian intervals, countdown signal heads, new pavement markings, and intersection improvements. Such investments in public infrastructure are fundamental to sustaining economic momentum and ensuring safe, efficient transit for everyone.
A Thriving Local Economy
Murrells Inlet’s economy demonstrates remarkable strength and resilience. The area boasts a poverty rate of less than 8%, which is significantly below the national average of 11.4%. This economic stability is a testament to the thriving local businesses and the overall positive environment for commerce. The economy is heavily influenced by tourism, with numerous restaurants, shops, and attractions contributing to its vitality.
Small businesses play a critical role in Murrells Inlet’s economic fabric. An economic impact study completed by Coastal Carolina University conservatively estimates the value of the Murrells Inlet waterfront marsh at $720 million, highlighting its importance in bolstering sectors such as retail sales (especially restaurant establishments), real estate property values, boating, fishing, and various tourism activities. This economic activity generates substantial tax revenues for both Horry and Georgetown Counties. The growth experienced by local establishments, often spearheaded by dedicated South Carolina entrepreneurs, contributes significantly to job creation and community prosperity.
Community Perspectives and Future Outlook
While economic growth brings undeniable benefits, it also prompts important community discussions. Some residents and business owners have expressed concerns regarding the impact of rapid housing development on local infrastructure, such as increased traffic congestion and potential environmental effects like flooding. These conversations are a healthy part of a growing community, ensuring that development is thoughtfully considered and balanced with the preservation of local character and resources. This commitment to evaluating various perspectives is crucial for sustainable progress.
Murrells Inlet continues to be an attractive location for investment and residency, driven by its natural beauty, robust economy, and the innovative spirit of its local businesses. The ongoing developments along Highway 707 are a clear indicator of a community embracing progress while navigating the challenges that come with expansion. It is through entrepreneurial drive, strategic private investment, and a responsive regulatory environment that Murrells Inlet continues to build a prosperous future.
The ongoing developments along Highway 707 near Murrells Inlet represent a significant chapter in the region’s economic story. From new commercial enterprises to expanding residential options, this growth is a testament to the entrepreneurial spirit and strategic investments fueling the area. We encourage our readers to explore these new local businesses and engage in the conversations shaping the future of Murrells Inlet.
Frequently Asked Questions
What new commercial developments are underway along Highway 707 near Murrells Inlet?
Several new commercial developments are taking place right along Highway 707 near Tournament Boulevard in Murrells Inlet, SC. New restaurants include Taco Bell, Zaxby’s, McDonald’s, Dunkin’ Donuts, and Starbucks, as well as new apartment buildings.
When did the new Zaxby’s in Murrells Inlet open?
The new Zaxby’s opened its first restaurant in Murrells Inlet, S.C. at 11872 Highway 707 on June 12, 2023.
Are there new apartment buildings being developed in Murrells Inlet?
Yes, new apartment buildings are part of the development along Highway 707 near Murrells Inlet. Murrells Inlet’s real estate landscape showed a 40% growth in new construction listings for late 2024.
What is the economic outlook for Murrells Inlet?
Murrells Inlet has a strong local economy with a poverty rate of less than 8%, significantly below the national average of 11.4%. The economy is based on tourism, with many restaurants, shops, and attractions for visitors.
What infrastructure improvements are planned for Highway 707?
Safety improvements are proposed for SC 707 (Socastee Boulevard) near Socastee High School, including adding more crosswalks and medians. Construction is anticipated to begin in the fall of 2026 and take around one year to complete.
Key Features of Murrells Inlet’s Highway 707 Development
| Development Type | Specific Businesses/Projects | Key Details |
|---|---|---|
| Commercial Retail | Taco Bell, Zaxby’s, McDonald’s, Dunkin’ Donuts, Starbucks | Several new commercial developments are underway along Highway 707 near Tournament Boulevard. New Zaxby’s opened June 12, 2023, creating up to 40 jobs. A Taco Bell at Hwy 707 & Oak Hampton Drive is under construction with a 2025 completion year. |
| Residential Housing | New Apartment Buildings, Ranch Haven, The Farm at Timberlake | New apartment buildings are part of the development along Highway 707. Murrells Inlet saw a 40% growth in new construction listings by late 2024. Ranch Haven (Dr. Horton) expected to open in 2024, and The Farm at Timberlake (Dr. Horton) has new homes available. |
| Infrastructure | Highway 707 Widening, Socastee Blvd Safety Improvements | Highway 707 has undergone widening projects due to rapid growth. Safety improvements for SC 707 (Socastee Boulevard) are proposed, with construction anticipated to begin in fall 2026. |
| Economic Indicators | Strong Local Economy, Tourism-Based | Poverty rate is less than 8%, significantly below the national average of 11.4%. Economy is based on tourism, with many restaurants, shops, and attractions. Waterfront marsh value estimated at $720 million, supporting retail, real estate, and tourism. |
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Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
