Four Friends Bought Their Own Island For $65K?And Are Flipping It For $14 Million

Seven years ago, a group of friends purchased a 9-acre (3.64 hectares) island in Tampa, Florida, for $65,000. Now, they?re putting it back on the market for $14 million.
Pine Key, known as Beer Can Island by the locals, served as the four friends? members-only party spot. The owners set up bathrooms, installed thatched roof structures, built a bar, and even put up an inflatable slide, according to WFLA News.
The tiny landmass was the group?s preferred spot for parties. Over the years, Tampa Bay locals also used it for concerts, weddings, and other small events.
In 2017, A Group Of Friends Purchased Pine Key, Now Known As Beer Can Island, For $65,000.
Image credits: Beer Can Island
?This opportunity is exceedingly rare, as Pine Key is one of the few privately owned islands in Tampa Bay,? Cole Weaver, majority owner of Pine Key, said in a statement. ?We?re grateful for the outpouring of support we have received from the community and our members over the years, but all good things must come to an end at some point, and for us, that time is now.?
As per the NBC TV affiliate, their use of the unzoned property drew criticism from local officials, who ordered the owners to shut down the island bar.
However, the owners don?t care. ?With the right vision and willingness to collaborate with Hillsborough County, development opportunities could be explored and expanded upon,? they stated in a news release.
Seven Years Later, The Four Friends Are Selling The Island For $14 Million.
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