Vacation rentals in tourist areas they are through the cloudsand in the Balearic Islands they know it well: so much so that high prices have ended up becoming in a work problem for the tourism sector.
However, for whom money is no object, renting a villa on the seafront in the north of Ibiza can be a perfect plan for summer. And when we say that money should not be a problem it is because this luxury is expensive. Very expensive. About 300,000 euros a week, to be more exact.
It is not a house, it is a private island
Sa Ferradura is an example of those exclusive villas reserved only for a clientele of very high purchasing power. In reality, it is not just a villa located on a 35,000 m2 rocky plot, it is a private islet joined to the land by a narrow strip of land that serves as a beach.
That is, not only do you pay to rent a property located on the seafront in a privileged enclave on the Ibizan coast, but you also get maximum privacy by being surrounded by the sea.
Its name, Sa Ferradura, refers to the horseshoe shape that the property draws and a set of rooms organized around a central patio facing the Mediterranean. The 975 m2 mansion located in the center of the peninsula has six double rooms, all with private bathrooms, and capacity for 12 people. During their stay, guests have a team of 22 employees at their disposal, from cooks to laundry staff.
Although the villa is facing the sea, it has a 23-meter infinity pool next to the villa, and a second pool that merges with the 12,000 m2 of garden with native plants that emulates a lagoon.
The north-facing viewing terrace has an area of 750 square meters with open views of the sea and the landscape of Es Amunts. It has two bars, pergolas and a mixing table to play music.
According to detailed Ibiza Diarythe level of detail and luxury in the furniture is almost sickening, with chairs brought expressly from Japan and a walnut table in one of the dining rooms handcrafted by an Amish community in New York.
The complex is accessed by car from the adjacent beach, which acts as a platform that connects it with the rest of the island, while a small private pier located on the side of that same beach gives access to the property from the sea.
A very profitable business
A Dutch textile businessman acquired the property in 1994 for 50 million pesetas, which would be equivalent to the 300,000 euros that it currently costs to stay for a week in this villa.
In 2006, a Russian millionaire bought it for 22 million euros and today it belongs to Russian magnate Mikhail Prokhorov, who was owner of the NBA’s Brooklyn Nets between 2010 and 2019, when he sold the team for $2.35 billion. Prokhorov acquired Sa Ferradura in 2013 for around €33 million, and his estimated fortune is around $11.5 billion. according to Bloomberg.
Since then, the Russian millionaire has invested in design renovations with high-end materials, positioning the small islet among the most appreciated luxury islands in the world and, as he collected in 2018 The Newspaper of Ibiza and Formenterawas named “Best Private Villa in the Mediterranean” at The Boutique Hotel Awards of that yearwhich distinguishes the most exclusive spaces, hotels and private villas.
Precisely this organization reveals the price per night that its tenants must pay: about 42,624.78 euros or, in other words, 298,373.46 euros for a week of vacation on a private island 35 minutes by car from Ibiza airport. This means that, during the summer season alone, the villa generates more than a million euros per month, which makes it a very profitable business.
Millionaires like Elon Musk or footballers like Lionel Messi or Cesc Fábregas they have walked through the gardens of Sa Ferradura, which gives an idea of the type of client who stays in this type of holiday residence.
Image | The Boutique Hotel Awards
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