Former Morgan Stanley CEO John Mack Lists $29.5M Caribbean Mansion

In 2011, John Mack, the former chief govt officer of Morgan Stanley, was on a yacht within the British Virgin Islands along with his spouse, Christy, when the captain made an uncommon suggestion to the couple.

“Our captain stated, it is best to go see this land {that a} developer desires to show into a very premier resort space,” Christy Mack recollects.

Despite the fact that it was what she says was a “chilly, dreary, nasty, wet day,” they acquired on a young and met the developer, David Johnson, who confirmed them what would quickly be the low-density, 400-acre enclave Oil Nut Bay on the northeast tip of Virgin Gorda within the British Virgin Islands.

Quickly after, they purchased a uncooked piece of land within the improvement however struggled for years to seek out an architect (not to mention a design) they had been proud of. In 2015 they “traded in” the empty lot, placing the credit score towards the acquisition of a spec home on the seashore.

The Macks used the home for Christmas trip that yr, however after spending a number of days on the property, Mack says she knowledgeable her household: “I can’t do that. We now have to intestine it. And so we did.”

4 years later, in 2019 they really moved in for good, flying down for lengthy weekends and staying for prolonged durations throughout the Covid-19 pandemic.

However now, the couple is “promoting off stuff that has sophisticated our lives, as great and fabulous as the home has been,” she says. As such, they’re placing it in the marketplace with Roz Colthart, actual property director at Corcoran BVI, for $29.5 million.

The Renovation

Together with the trade-in of the uncooked land, the spec home value the Macks $10.5 million, Mack says. She beloved the prevailing constructing’s roughly 6,000-square-foot footprint, and so they each beloved the situation on half an acre, which has direct entry to the seashore and is steps from the neighborhood’s membership, tennis courts, health club and pickleball courts.

“You can stroll all over the place,” she says. “It was good to have every part at your fingertips.”

It was the within she couldn’t stand. “It wasn’t to my style, and it wasn’t sensible,” Mack says of the home’s inside. “It wasn’t consumer pleasant, there was wasted house, and I like a homier really feel.”

Plus, she continues, “I needed one thing that may very well be a chameleon and rise to the event for no matter we needed to do in the home, whether or not it’s household, whether or not it’s a cocktail get together with individuals within the improvement, whether or not it might be weekend company that we might have down with us.”