Forget Miami and Palm Beach! Activist investor Gregg Hymowitz, known for his mega-deals with hedge funders like Bill Ackman and Daniel Loeb, and his wife Marcella bought some land from Bruce Willis to build a house in Parrot Cay, a 1,000-acre private island and resort in Turks and Caicos.
The $6 million transaction is for five oceanfront acres in an exclusive development with a COMO hotel, owned by Singaporean hotelier Christina Ong.
The development includes private estates with owners like Keith Richards and Donna Karan — both of whom have opted to put their homes up for rent through the COMO rental program.
Willis was asking $6.9 million for the land, which was part of a larger compound that he sold in 2019 for $27 million.
That property, which had been asking $33 million, included a five-bedroom home and two guest houses — along with a pirate ship playground, four pools and a beachfront yoga pavilion.
It’s where Willis married Emma Heming in 2009 and where the couple renewed their vows in 2019. Hymowitz, we hear, plans to build a traditional compound to fit in with the ‘hood — lots of dark wood and Asian, “Bali-style” influences.
Hymowitz’s planned compound will feature a five-bedroom home and some guest homes for his brood, which include six children ranging in age from 27 to 15 months.
There are no cars on the island, just golf carts — and it’s just a 3½-hour flight, plus a brief boat ride away from Manhattan.
Sources close to Hymowitz say the financier finds the laid-back private island lifestyle vibe far more appealing than the Miami/Palm Beach circuit.
The listing brokers for the oceanfront lot were Sotheby’s Nina Siegenthaler and Joe Zahm.
