The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.
Issue link: http://landreport.epubxp.com/i/582499
BackGate 128 The LandReport | W I N T E R 2 0 1 5 LANDREPORT.COM It Works! Founders Buy Little Bokeelia W hat's not to love about your own private island? Especially if it happens to be ideally situated off the Gulf Coast of Florida between Naples and Sarasota. Yet it took three years to market 104-acre Little Bokeelia Island. The one-of-a-kind property, which was listed with Klaus Lang of Michael Saunders and Company in Sarasota, sold this summer for $14.5 million in cash to Mark and Cindy Pentecost, the founders of Florida-based It Works! As with many unique properties, a meeting of the minds required considerable time and effort. The Tampa Bay Business Journal reports that Little Bokeelia first came to market in 2012 when it was listed for $29.5 million. The Pentecosts took notice and put in an offer, but it wasn't accepted. In 2014, the price was reduced to $24.5 million, yet no takers emerged. Earlier this year, it was announced that all serious offers would be accepted. CONTINUED ON PAGE 127 Mark and Cindy Pentecost buy the 104-acre Florida island for $14.5 million. MICHAEL SAUNDERS & COMPANY