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4 friends bought their own island for $65K. Just 6 years later it’s now selling for $14M
This is insane! 🤯
Sasha Alonzo
04.11.24

A Unique Journey Begins

Welcome to the story of Pine Key, or as it’s more affectionately known, ‘Beer Can Island’.

Located off Tampa’s coast, this island, initially a mere vacant piece of land, has a fascinating tale.

Its transformation into a vibrant destination, and now its sale at a whopping $14.2 million, is a journey worth exploring.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

The Early Days of Pine Key

This island, nestled between Apollo Beach and MacDill Air Force Base, started as a popular party spot.

Locals would flock here, leaving behind beer cans (hence its nickname) and enjoying the freedom away from city life.

Many families and friends have fond memories of their time on this lively island.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

The Transformation Begins

Four visionary investors saw potential in this island, buying it for $65,000 in 2017 to dock their unique floating tiki bar.

This marked the beginning of a significant transformation, turning it into a venue for weddings, concerts, and parties, attended by thousands.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

End of an Era

“We’re grateful for the community’s support, but all good things must come to an end,” Cole Weaver, the majority owner, expressed in a press release.

This statement marked the closing chapter of the island’s public access.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

Beer Can Island’s Heyday

Captain West Burns, who owns Golfside Fishing Charter, shares his experiences of bringing people from all over to the island.

His guests, especially those from the north, would always hear about ‘Beer Can Island’ and be excited to visit.

The island wasn’t just a party spot; it was a place for genuine joy and relaxation.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

Community Hopes and Dreams

There’s a bittersweet sentiment as the island goes on sale.

The owners, particularly Weaver, express their mixed feelings about this chapter ending.

They hope that the next owner will keep the island open to the public, preserving its legacy of joy and community spirit.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

A Paradise for Sale

Today, ‘Beer Can Island’ is more than just a plot of land; it’s a fully developed paradise, equipped with thatched-roof cabanas, a water slide, full bar, and even bathrooms.

It’s proof of the vision and effort of its owners, who transformed it from a simple party spot to a desirable private event space.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

Concerns and Challenges

The transformation wasn’t without its challenges.

Hillsborough County officials worried about the island’s impact on wildlife and the logistical difficulties for emergency services.

This ongoing concern underlines the delicate balance between development and environmental conservation.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

Looking to the Future

As ‘Beer Can Island’ awaits its new owner, there’s hope that it will continue to be a space for innovation and enjoyment.

“This opportunity is exceedingly rare, as Pine Key is one of the only privately owned islands in Tampa Bay,” Weaver said, highlighting its unique status.

WFLA News Channel - YouTube
Source:
WFLA News Channel - YouTube

The Legacy Lives On

Despite its sale and the uncertainties ahead, the story of ‘Beer Can Island’ is one of transformation, joy, and community.

It’s a narrative that will continue to inspire, no matter who owns this little slice of paradise in Tampa Bay.

To learn more about ‘Beer Can Isalnd’ watch the video below.

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