TAMPA, Fla. – Have you ever desired to own a private island? There’s one for sale in Tampa Bay, previously a famous party island known as Beer Can Island, for the asking price of $14.2M. The island is no longer open to the public and is now listed on the property market.

The party island, Beer Can Island, got its name from the beer cans that were carelessly left behind by party-goers. It officially got on the market this Thursday.

This island, situated right in the heart of Tampa Bay, between MacDill Air Force Base and Apollo Beach, used to be a boating party hotspot for many years.

In 2017, Pine Key, as it is formally known, was purchased by Carl Weaver, Johnny Gadd, and some of their friends at a steal price of just $64,000. They decided to refurbish it adding tiki bars, portable bathrooms, and even a giant slide to attract thousands of visitors.

“If you can imagine people living up north this time of year and hearing about Beer Can Island in Florida, a private island, that sounds really attractive,” Gadd told FOX 13 in 2023.

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In 2023, Hillsborough County leaders raised concerns about the activities on the island, claiming it was tough to get first responders on and off the island if someone got hurt or needed help.

County Commissioner Michael Owen, at the time, wanted the island to be designated as a private preserve, which would close the bar.

Currently, the island is not zoned.

According to a press release, the island spans nine acres of uplands covered in pine trees, and more than 60 acres of submerged lands surrounding the island.

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

The island is set to be put up for auction as an NFT, in exchange for cryptocurrency. Cash bids are nonetheless welcome. Bidding can commence immediately. The bidding window begins in early March 2024 and concludes on April 1, 2024. The highest bid will secure ownership of the island.

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