In 1950, a pioneer developer named John L. Tompkins purchased the original 1470 acres which includes the entire town of South Padre Island and officially named it "Padre Beach." He promoted it as a thriving seaside community and began to sell property even though there was no causeway for vehicular access, and no roads except on the beach at low tide. His efforts brought development to the island in the early 60's when he began selling Beachfront Lots for $1,250 and Residential Lots for $250. Just before his death in 1976 his reputation turned from “Crack Pot” into “Genius” as the Island exploded with development.

Today, Residential Lots sell for an average of $300,000.00 and Beachfront Lots sell for $2,000,000.00.