scorecardA huge estate on a private Caribbean island is on the market for $200 million, making it one of the most expensive homes for sale in the world. Check it out.
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A huge estate on a private Caribbean island is on the market for $200 million, making it one of the most expensive homes for sale in the world. Check it out.

Alan Dawson,Aditi Bharade,Kate Duffy   

A huge estate on a private Caribbean island is on the market for $200 million, making it one of the most expensive homes for sale in the world. Check it out.
The Terraces on the private island of Mustique is valued at $200 million.Knight Frank
  • If you have $200 million to spare, a mansion on a private island in the Caribbean could be yours.
  • The nine-bedroom estate is located on the island of Mustique.

Welcome to "The Terraces," a mega-mansion on the island of Mustique.

Welcome to "The Terraces," a mega-mansion on the island of Mustique.
The Terraces on the private island of Mustique is valued at $200 million.      Knight Frank

The property tops the list of expensive private homes in the Caribbean, according to Edward de Mallet Morgan, the head of international super-prime sales at Knight Frank, the real estate agency managing the listing.

"If Mustique is the quintessential, private island paradise, The Terraces, being the largest and most visually prominent property on the island, is not just one of the Caribbeans foremost houses, but arguably one of the world's foremost homes," de Mallet Morgan said in a Knight Frank press release.

If you're wondering where Mustique is, it's a private island in the Caribbean. It's a 45-minute plane ride from Barbados.

If you
Yes, we're talking about *that* level of wealth.      Photos by Google Maps

Located in the southern Caribbean island nation of Saint Vincent and the Grenadines, Mustique is a small island with a smattering of private villas that are available for rent, as well as a luxury hotel.

High-profile owners of the property on the island include Princess Margaret, who vacationed there in the 60s.

Rock stars like Mick Jagger and David Bowie are also known to have had villas on the island, as well as Prince William and Kate Middleton, according to Vogue.

The property, which sprawls across a 17.5-acre area, looks like a luxury hotel.

The property, which sprawls across a 17.5-acre area, looks like a luxury hotel.
Knight Frank

The property sits on an island that was developed in the late 1950s. Colin Tennant, a British aristocrat, bought it in 1958 for about $45,000, Mustique's website says.

He initially planned to build a cotton farm, but later had the idea to turn it into a holiday destination, per the website. The island is wholly managed by Mustique Company.

It boasts stunning views of the Caribbean and Atlantic coasts.

It boasts stunning views of the Caribbean and Atlantic coasts.
Knight Frank

The estate has nine bedrooms with ensuite bathrooms.

The estate has nine bedrooms with ensuite bathrooms.
Knight Frank

The property was designed by architect Tom Wilson, who referenced Italian architect Andrea Palladio's work for the construction of the estate, per Mustique's website. It pays homage to 16th century palaces from Italy.

Some of the ceilings have been hand-painted, according to Knight Frank.

When the rooms aren't designed to reflect the Palladium and Venetian period, they're spacious, modern, and airy.

When the rooms aren
The Terraces on Mustique.      Photo by Knight Frank

To get to the island, the Mustique Company provides regular chartered flights from neighboring St Lucia and Barbados, where visitors can get on international flights, according to Knight Frank.

The island has its own fleet of 18-seater Twin Otter air crafts which land on its small airstrip.

The estate also has a pool bar, an outdoor fountain, gardens, and tennis courts.

The estate also has a pool bar, an outdoor fountain, gardens, and tennis courts.
Knight Frank

If it's too big to explore on foot, the property also comes with four Kawasaki Mules to get around on.

There are currently 18 staff members on site including a property manager, two butlers, three chefs, six gardeners, and six housekeepers.

One of the three swimming pools spans 80 feet in length.

One of the three swimming pools spans 80 feet in length.
The Terraces on Mustique.      Photo by Knight Frank

It's the perfect getaway if you want to get away from the hustle of the city, and paparazzi, if that's a problem for you.

"Paparazzi are banned on Mustique, and the easy, relaxed interaction of royal families, rock stars, celebrities, business moguls and entrepreneurs is really unique to Mustique," de Mallet Morgan said in the press release.

There's even a separate entertainment space, guest cottages, and buildings to accommodate staff.

There
The Terraces on Mustique.      Photo by Knight Frank

The secondary building, which is called the "Annex," is purely an entertainment space. It's home to the estate's second swimming pool, which has an infinity edge.

"We are discussing the property currently with buyers from around the world, from the USA of course, as well as South America, the UK and Europe, plus the Middle East and China," de Mallet Morgan told Insider.

"We are discussing the property currently with buyers from around the world, from the USA of course, as well as South America, the UK and Europe, plus the Middle East and China," de Mallet Morgan told Insider.
Knight Frank

"As a trophy property, although naturally buyers for Mustique are in the main from the USA, Canada, the UK, and Europe — the nature of owning such a rare and incredible property actually widens the buying pool as global wealth likes to invest in rare assets in unique, high value and also low-tax threshold locations," he said.

"It is currently the most expensive residential property that Knight Frank are 'openly marketing' globally," de Mallet Morgan told Insider.

"It is currently the most expensive residential property that Knight Frank are
The Terraces on Mustique.      Photo by Knight Frank

At $200 million, the estate is currently one of the most expensive listings in the world. And if a foreign buyer wishes to purchase it, they will have to fork out 12% taxes and fees on top of the estate's original ask, which in itself comes to $24 million, de Mallet Morgan told CNBC.

Luxury estate prices on Mustique increased by 12% in 2022, CNBC reported. This made it the fifth-best performing market in the Americas after Aspen, Miami, the Bahamas, and the Hamptons.

It is a considerable estate.

It is a considerable estate.
The Terraces on Mustique.      Photo by Knight Frank

The estate's $200 million price tag puts the home in rare — and expensive — company, right alongside a $175 million waterfront estate on the market in The Hamptons and a $150 million hillside Bel-Air estate with nine bedrooms.

Other high-end properties currently listed in the Caribbean include a $34 million villa in Grand Cayman, listed on Savills, as well as a private island for nearly $35 million located in the Berry Islands, advertised by Knight Frank.

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