Jimmy Buffett has made a career out of singing about "wasting away in Margaritiaville" and now you can do exactly that -- waste away your golden years in one of many planned Margaritaville retirement communities.

An extension of Buffet's Margaritaville restaurants and resorts, the first 55 and older Latitude Margaritaville is planned for Daytona Beach, Florida. The $1-billion project calls for 7,000 homes with already more than 10,000 Parrot Heads having registered. That's not surprising since the website promises "exciting recreation, unmatched dining and FINtastic nightlife."

If all goes according to plan, the first phase will open in the late summer of 2018.

Jimmy Buffet Margarita-Ville