World · India Bureau
Florida Island Developer Lists Private Retreat for $89 Million
It Works! founder Mark Pentecost has put his exclusive 104-acre Florida island on the market for $89 million, more than six times the $14.5 million he paid for the property in 2015. The developed private retreat features a golf course and multiple residential plots.
LSN India ·
Mark Pentecost, founder of direct sales company It Works!, is listing his private island development off Florida's Gulf Coast for $89 million. The billionaire entrepreneur acquired the 104-acre property in 2015 for $14.5 million and has since invested substantially in transforming it into an exclusive residential and recreational destination.
The island, situated near Boca Grande, has been developed to include a private golf course and 29 potential residential plots. The property provides premium coastal access and fishing opportunities, positioning it as a high-end retreat for wealthy buyers seeking privacy and exclusivity.
The listing represents a significant appreciation in the property's value over the past eleven years. The asking price of $89 million reflects the substantial capital invested in the island's development infrastructure and its appeal to ultra-high-net-worth individuals seeking secluded waterfront estates in South Florida.
Pentecost founded It Works!, a wellness and beauty products company, which expanded into a multi-billion-dollar enterprise. The island project demonstrates his investment interests beyond his primary business ventures, combining personal use with commercial development potential.