A Caribbean estate has become one of the most expensive properties to ever hit the housing market after it went on sale for an eye-watering $200 million.
The extravagant home, located on the exclusive island of Mustique in the West Indies, includes nine separate buildings located on a sprawling 17-acre estate.
Offering panoramic views of the Caribbean coastline, the property is the priciest in the region’s history, and its hefty price tag buys some of the most luxurious amenities available anywhere in the world.
And the new owners will find themselves in good company, with Mick Jagger and Tommy Hilfiger among the rich and famous to also own homes on the private island.
The palatial residence provides both unmatched beauty and privacy, where the uber-rich can kick back and relax while soaking in the Caribbean sun.
Named ‘The Terraces’, the estate features nine ensuite bedrooms, an 80-foot swimming pool and unrivaled access to the most sought-after beaches in the world.
Built in 1986, the mega-mansion can be likened to the most famous palaces in the world, with its stone facade giving the modern home a classic, iconic look.
The landscaped gardens and 17-acre plot sit atop one of the highest elevations on the island, towering over the other mansions on the tropical paradise.
Inside the home, rooms come complete with hand-painted ceilings and wall-covering murals, which were intricately designed for over three years by French artist Jean-Claude Adenin.
Each room seemingly offers its own exclusive theme, tied together by gold-lined furniture and quite-literally the most expensive layout money can buy.
The new owner will also enjoy the largest entertainment setup on the entire island, beating out the luxury layouts of the numerous other mega-mansions that make Mustique one of the most expensive locations on the globe.
The interior square footage of the entire estate tops 38,000, however this figure climbs to a titanic 53,000 square feet when including the entirety of its outdoor space.
While the sprawling estate includes several buildings, a handy 60-foot-tunnell connects the main villa to the main additional structure that looks out across the ocean.
The viewpoint, called the Annex, is dedicated to entertaining its owner and their guests.
As well as featuring an infinity-pool and sun-soaked terrace, the Annex also has a built-in games room intended to offer fun for all the family.
And if the Annex’s style isn’t to your liking, a four-bedroom guest cottage featuring the property’s third swimming pool is also located nearby.
The estate is operated by 18 staff, who also have their own building, including two butlers, three private chefs, and six gardeners to manage the extremely manicured grounds.
Despite its eye-catching scenery, the high-profile buyers are guaranteed secrecy from pestering paparazzi.
The whole island is managed by the Mustique Company, a private operation owned by the island’s homeowners intended to ensure their exclusive lifestyle remains only theirs.
Alongside offering a health clinic and security, the company’s website adds that it ‘oversees every aspect of island life’.
‘Mustique is an island where incredibly high profile people go for incredibly low profile holidays,’ said Edward de Mallet Morgan, head of international super-prime sales at Knight Frank, who represents the luxury listing.
He told CNBC: ‘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.
‘It is a place where doors are not locked and no one bats an eye when you arrive at dinner barefoot.
‘The Terraces, being the largest and most visually prominent property on the island is not just one of the Caribbean’s foremost houses, but arguably one of the world’s foremost homes.’
The private island’s history as a millionaire’s playground began in 1958m when Lord Glenconner bought Mustique for £45,000 – around $1.2 million today.
He subsequently gifted a plot to his friend Princess Margaret, the younger sister of the Elizabeth II, the former-Queen of England.
The princess’ love for the blissful island attracted droves of the rich and famous, leading to its current reputation as holiday destination for the most expensive tastes in the world.
According to real estate agent Knight Frank’s upcoming Wealth Report, shared by de Mallet Morgan to CNBC, property values on Mustique rose 12 percent in 2022.
The price hike has seen the island earn the rank of the fifth best performing market in the Americas, only behind celebrity hotspots Aspen, Miami, Bahamas and the Hamptons.
But enjoying The Terrace won’t come cheap, as the $200 million price tag also comes with 12 percent taxes and fees, adding an extra $24 million to the purchase price.
