Retired Wall Street CEO lists $29.5M beachfront home in British Virgin Islands

A luxurious beachfront property in the British Virgin Islands has been listed for sale at $29.5 million. The home, located in the Oil Nut Bay community, is owned by John Mack, the former CEO of Morgan Stanley, and his wife Christy Mack. They purchased the property in 2015 and invested approximately $18 million in renovations to transform it from a spec house into a custom-furnished residence. The home spans nearly 6,000 square feet, featuring six bedrooms, six full bathrooms, a half-bathroom, and two kitchens designed for family use and private chef services. Additionally, it includes a large media room and an expansive outdoor area with an infinity pool. The Macks have decided to sell the property as part of a broader effort to simplify their lives, stating that their children no longer feel obligated to visit the home every winter. This decision reflects a desire to declutter their lives, despite the fond memories associated with the house. The property is situated close to the beach club and amenities of Oil Nut Bay, making it an attractive option for potential buyers seeking luxury living in a tropical setting. John Mack served as Morgan Stanley's CEO from 2005 to 2010 and stepped down as chairman of the board in 2011. His leadership during a challenging period for the bank has been noted, and the sale of this property marks a significant personal transition for him and his family. The British Virgin Islands, comprising over 50 islands, is known for its stunning beaches and upscale real estate, making it a desirable location for affluent buyers.