A vacant Florida island just off the coast of Tampa Bay known to generations as “Beer Can Island” has recently been listed for $14 million by a group of savvy investors who bought it for $65,000 in 2017. Beer Can Island’s legal name is Pine Key, and it’s composed of 9 acres in Hillsborough Bay about halfway between MacDill Air Force Base and Apollo Beach.
Pine Key earned the moniker Beer Can Island because, for most of its existence, the island’s only claim to fame was as an informal party spot where boaters could gather and cut loose while largely out of sight of local authorities. After the party, the only evidence they left behind were the empty cans of the beer they consumed during the festivities.
Then four friends from the area had the idea to buy Beer Can Island and convert it from a hang-out spot for drunken boaters to an upscale location open to members or available for…
