{"id":22505,"date":"2024-09-20T19:06:09","date_gmt":"2024-09-20T19:06:09","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/09\/20\/former-morgan-stanley-ceo-john-mack-lists-29-5m-caribbean-mansion\/"},"modified":"2024-09-20T19:06:09","modified_gmt":"2024-09-20T19:06:09","slug":"former-morgan-stanley-ceo-john-mack-lists-29-5m-caribbean-mansion","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/09\/20\/former-morgan-stanley-ceo-john-mack-lists-29-5m-caribbean-mansion\/","title":{"rendered":"Former Morgan Stanley CEO John Mack Lists $29.5M Caribbean Mansion"},"content":{"rendered":"
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What You Need to Know<\/h3>\n
    \n
  • In 2015, the Mack family started building a home on Virgin Gorda. <\/li>\n
  • Four years later, they actually moved in for good and then did an estimated $18 million renovation. <\/li>\n
  • But their kids would like to spend winter vacations elsewhere, so the home is now up for sale. <\/li>\n<\/ul>\n<\/div>\n

    In 2011, John Mack, the former chief executive officer of Morgan Stanley, was on a yacht in the British Virgin Islands with his wife, Christy, when the captain made an unusual suggestion to the couple.<\/p>\n

    \u201cOur captain said, you should go see this land that a developer wants to turn into a really premier resort area,\u201d Christy Mack recalls.<\/p>\n

    Even though it was what she says was a \u201ccold, dreary, nasty, rainy day,\u201d they got on a tender and met the developer, David Johnson, who showed them what would soon be the low-density, 400-acre enclave Oil Nut Bay on the northeast tip of Virgin Gorda in the British Virgin Islands.<\/p>\n

    Soon after, they bought a raw piece of land in the development but struggled for years to find an architect (let alone a design) they were happy with. In 2015 they \u201ctraded in\u201d the empty lot, putting the credit toward the purchase of a spec house on the beach.<\/p>\n

    The Macks used the house for Christmas vacation that year, but after spending a few days on the property, Mack says she informed her family: \u201cI can\u2019t do this. We have to gut it. And so we did.\u201d<\/p>\n

    Four years later, in 2019 they actually moved in for good, flying down for long weekends and staying for extended periods during the Covid-19 pandemic.<\/p>\n

    But now, the couple is \u201cselling off stuff that has complicated our lives, as wonderful and fabulous as the house has been,\u201d she says. As such, they\u2019re putting it on the market with Roz Colthart, real estate director at Corcoran BVI, for $29.5 million.<\/p>\n

    The Renovation<\/h2>\n

    Including the trade-in of the raw land, the spec house cost the Macks $10.5 million, Mack says. She loved the existing building\u2019s roughly 6,000-square-foot footprint, and they both loved the location on half an acre, which has direct access to the beach and is steps from the community\u2019s club, tennis courts, gym and pickleball courts.<\/p>\n

    \u201cYou could walk everywhere,\u201d she says. \u201cIt was nice to have everything at your fingertips.\u201d<\/p>\n

    It was the inside she couldn\u2019t stand. \u201cIt wasn\u2019t to my taste, and it wasn\u2019t practical,\u201d Mack says of the house\u2019s interior. \u201cIt wasn\u2019t user friendly, there was wasted space, and I like a homier feel.\u201d<\/p>\n

    Plus, she continues, \u201cI wanted something that could be a chameleon and rise to the occasion for whatever we wanted to do in the house, whether it be family, whether it be a cocktail party with people in the development, whether it would be weekend guests that we would have down with us.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

    What You Need to Know In 2015, the Mack family started building a home on Virgin Gorda. Four years later, they actually moved in for good and then did an estimated $18 million renovation....<\/p>\n","protected":false},"author":1,"featured_media":22506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/09\/former-morgan-stanley-ceo-john-mack-lists-29-5m-caribbean-mansion.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22505"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22505"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22506"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}