The Colombian music icon Shakira has recently made headlines by putting her private island, Bonds Cay, on the market. This exclusive piece of paradise, located in the Bahamas, is being marketed as a prime investment opportunity, having been acquired in 2006 for an ambitious tourism development project that never came to fruition.
Bonds Cay sits approximately 200 kilometers from Miami and was purchased jointly with Shakira’s former partner, Antonio de la Rua, for around US$16 million. Fast forward nearly two decades, and the island is now listed at a striking estimated price of US$33 million—a more than 100% increase in its value. This decision encapsulates both the allure and complexity of owning such a significant property.
Shakira’s island in the Bahamas: an exclusive paradise with restricted access
One of the most intriguing aspects of Bonds Cay is its sheer size and natural beauty. Covering over 263 hectares of untouched land, the island features serene private beaches, tranquil interior lagoons, and rolling hills that provide breathtaking ocean vistas. This geography makes it an attractive candidate for luxury tourism developments, with possibilities ranging from exclusive villas to eco-friendly resort facilities.
However, accessibility is part of what sets this island apart. It can only be reached by yacht, private jet, or helicopter—ensuring the kind of privacy that affluent buyers often seek. This exclusivity, coupled with its proximity to the United States, makes it a highly desirable spot within the competitive luxury property market.
Initially, Shakira envisioned creating a high-end eco-resort that would seamlessly integrate with the island’s natural environment. Unfortunately, these plans never materialized, leaving the land in its pristine state and preserving its potential as both a natural reserve and a lucrative investment opportunity.
Gavin Christie, a real estate agent specializing in luxury properties, emphasized the uniqueness of Bonds Cay, stating that it’s rare to find a private island of such size that remains completely untouched. “It is one of the most impressive private islands in all of the Bahamas, with 263 hectares of untouched beauty,” he remarked. This sentiment underscores the significant appeal for potential buyers looking for their piece of paradise.
A strategic decision after nearly two decades of ownership
While Shakira has not publicly stated the reasons for selling Bonds Cay, various industry experts suggest that the responsibilities associated with owning a private island can be considerable. The logistical challenges of maintenance, combined with high development costs, may have played a significant role in the decision to sell. Moreover, the absence of an active tourism project for the past several years might have influenced the choice to capitalize on the island’s appreciation in value.
Ultimately, decisions surrounding luxury properties often hinge on a complex interplay of personal, financial, and market dynamics. In Shakira’s case, the sale of Bonds Cay represents not just a transaction, but a transition into a new chapter, reflecting both the challenges and rewards of investment in exclusive real estate.