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


What You Have to Know

  • In 2015, the Mack household began constructing a house on Virgin Gorda.
  • 4 years later, they really moved in for good after which did an estimated $18 million renovation.
  • However their children want to spend winter holidays elsewhere, so the house is now up on the market.

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

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

Despite the fact that it was what she says was a “chilly, dreary, nasty, wet day,” they received 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 growth however struggled for years to search out an architect (not to mention a design) they have been proud of. In 2015 they “traded in” the empty lot, placing the credit score towards the acquisition of a spec home on the seaside.

The Macks used the home for Christmas trip that 12 months, however after spending just a few days on the property, Mack says she knowledgeable her household: “I can’t do that. We have now 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 in the course of the Covid-19 pandemic.

However now, the couple is “promoting off stuff that has sophisticated our lives, as fantastic 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 present 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 seaside and is steps from the neighborhood’s membership, tennis courts, fitness center and pickleball courts.

“You possibly can stroll all over the place,” she says. “It was good to have every little thing 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 person pleasant, there was wasted area, and I like a homier really feel.”

Plus, she continues, “I wished one thing that could possibly be a chameleon and rise to the event for no matter we wished to do in the home, whether or not or not it’s household, whether or not or not it’s a cocktail celebration with individuals within the growth, whether or not it might be weekend friends that we’d have down with us.”

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