Tuesday, April 30, 2024

Tampa Bay Island Listed for $75M After Florida Blew Chance to buy

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Yet,  their shared passion for the outdoors and commitment to responsible stewardship underscore the delicate balance between commercial interests and environmental preservation. Beyond recreational use, Rattlesnake Key offers about 200 acres of developable land. Rand envisions a wide range of possibilities, including residences, a resort or a marina. Rattlesnake Key, a 671-acre island in Manatee County that’s been a haven for fishing and outdoor enthusiasts for nearly 50 years, is up for sale with a price tag of $75 million, the Tampa Bay Times reported. If you have feedback about an individual agent or office, please locate the office and contact the manager.

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"Unfortunately, those things can happen anywhere," Loomis said, adding that the island is safer with the staff who were trained in providing aid than if it was left uninhabited with the flow of visitors. He also said the island has devolved into "lawlessness" since they stopped operating. Weaver said when they first bought the island, he camped out there for 100 days straight helping out with the bar, socializing with the onslaught of visitors and growing a big "Cast Away" beard in the meantime. Loomis pooled money with some friends including Cole Weaver with the hopes of operating a floating tiki bar off its shores. But over the last six years, they've turned it into much more. The owners have shown commitment to conservation, local fishing charter captain Scott Moore said.

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The island is above the mean high tide line, offering protection from storm surges. The ownership has considered building three houses on the island and drew up plans for a resort that included casitas and a marina. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. "We're all entrepreneurs and we've done what we could do with the island," Weaver said, rattling off the weddings, concerts and food and beverage services they brought to the island. "It's just time for us to pass the torch to somebody who can come in and make the island bigger." The individuals behind seller Tampa Bay Real Estate Investment have not been identified.

for sale house tampa

They bought Florida party destination 'Beer Can Island' for $63k, now it's selling for $14M: See photos

The island, located at the meeting point of Terra Ceia Bay and Tampa Bay, has been owned by Tampa Bay Real Estate Investment for 17 years. The offering also includes a collection of smaller nearby islands and an adjacent mainland property. The offering totals about 1,000 acres, mostly composed of wetlands. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.

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Owners in talks with potential buyers

Officials have raised concerns about emergency accessibility on the island, local outlets reported, and a young man drowned while visiting the island in 2023. He remembers most fondly the variety of people the island attracted, including professional athletes, politicians and people whose families had been going there for up to seven generations. But now, they're closing in on a deal to pass the island and its visitors to the next owners. "I had no idea how popular this place was with the boating community," Loomis told USA TODAY in an interview. "Come early February, early March...every weekend or every nice weather day the island was completely surrounded by hundreds of boats and hundreds of people up on the island."

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for sale house tampa

Coldwell Banker Realty can help you find Tampa homes for sale, condos, rentals and open houses. Refine your Tampa real estate search results by price, property type, bedrooms, baths and other features. View our Tampa real estate offices and let us help you find the perfect property. Loomis said they set up a membership system to allow people to purchase liquor from their bar. The memberships range from $9 a month to $499 for three years, and Loomis said they ended up with approximately 4,500 members. They closed Beer Can Island to the public in February of this year and listed it for $14.2 million.

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He would like to see the area preserved as a public nature reserve, citing its significance as a prime fishing spot and habitat for native wildlife. Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs. Get important local information on the area you're most interested in. Weaver said that some people are worried it will fall into the wrong hands and may not be available to the public in the future, but he hopes it be expanded and improved on.

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