Dallas Mavericks guard Reggie Bullock likes to think outside of the box when making real-estate investments. He’s reportedly purchased a private island on the Gulf of Mexico on which he plans to build a resort.
The basketball star purchased a five-acre island in Palencia, Belize, which he’s already stamped as “Bullock’s Island,” according to Sports Illustrated. Bullock shared photos of the property for the first time on his Instagram account recently, displaying a sandy-white beach and swaying palm trees. Construction for the resort that he plans to escape to during the off-season is already underway.
“The immersive island adventure. Where luxury meets nature, dreams become reality, designing each moment to create lifelong memories. Meet us in the sand where the Sun kisses the ocean, the moon dances with stars, and the coconuts fall from the trees,” he wrote in the post.
The NBA veteran was signed as a free agent to a $30 million, three-year deal, and said the oceanfront getaway will be open to the public. Bullock bought the land in the Central American country last year. The 32-year-old has been looking for asset-appreciating investments to put his money into and saw the developing nation as a lucrative opportunity.
“I’ve been looking for different things to invest my money in,” Bullock told Marc J. Spears of Andscape.
NBA Players and Property
Many professional basketball players are stacking a hefty portfolio of properties, ranging from leisure real estate to million-dollar complex developments.
In 2021, four NBA players injected money into a $1 billion multi-unit development located near Harvard University. Some players such as NBA veteran Drew Gooden ventured into restaurant franchises, with Gooden opening his first Wingstop in Florida. Former Chicago Bulls Derrick Rose and Loul Deng’s teammates have teamed up off the court, seizing large-scale real-estate deals with a keen interest in investing in underserved communities on the West and South sides of the third largest city in the U.S.
Athletes leveraging their fame and fortune off the court have amassed not only wealth but business prowess. The new crop of players in the professional league is setting an example for emerging athletes that skill goes far beyond the arena or stadium.
For Bullock, being able to build a legacy abroad is a lifetime achievement. He has shared with his fans that he’s “turning dreams into a reality.”
Bullock plans to build a 4,000-square-foot home on the island for himself and his family and eight villas to rent out to travelers. Other amenities for guests will include a restaurant, spa, infinity pool and, of course, a basketball court.