[4] The park was originally the buffer zone and a water reservoir, created by an earth dam on Crabtree Creek in 1970.

[5][6] The dam is owned by the Town of Cary and was designed by the United States Department of Agriculture's Natural Resources Conservation Service.

[6] In 1981, the property was named after Fred Bond who served on Cary's Town Council for eighteen years and was mayor of from 1971 to 1983.

[1][12][2][13] The park hosts a range of events on weekends and holidays, including kite flying, fishing contests, lakeside movies, pickleball tournaments, plant swaps, Earth Day celebrations, and Pedal Boats and Soda Floats.

[15][18] The park offers a basic orienteering course, compost education, a Tree ID Trail, and the Pokémon Go game.

[22] Within Bond Park, is the 16,000 sq ft (1,500 m2) Cary Senior Center which is "designed to promote active retirement years.

[14][15][23] The 29,000 sq ft (2,700 m2) Bond Park Community Center, has classrooms, rental space, a gym, and courts for badminton, basketball, pickleball and volleyball.

[2][24] Cary Parks and Recreation hosts a variety of programs ranging from arts to history.to esports and day camp.

Eddie Owens, who teaches “Bird Walks in Bond Park," says bald eagles are spotted several times a week near the lake.

[31] Other birds in the park include brown creepers, cedar waxwings, crows, golden crowned kinglets, the great horned owl, northern cardinals, and pine siskens.

[31] In 2018, the park posted signs asking people not to feed the ducks and Canada geese at Bond Lake.

[33] Experts say that bread unhealthy for the waterfowl, and regular feedings attract unusually large populations that can overwhelm the lake's ecosystem with the bird's fecal matter.

[33] Sam Trogdon, senior operations and program supervisor at Bond Park, said, "Bread is not part of a bird’s diet so it just gives them diarrhea.