The Most Expensive Home in the Caribbean Just Listed for $200 Million

The Caribbean is home to some of the world’s most luxurious and exclusive properties and The Terraces on the private island of Mustique in St. Vincent and the Grenadines is no exception. This palatial estate is known as the most extensive villa on the white-sand island, combining palladium and Venetian-style architectural motifs to create a stunning residence that embodies the elegance and refinement of 16th-century palaces in Italy.

Knight Frank

Located on a 17.5-acre plot of land on Endeavour Hill, one of two summits on the island, The Terraces boasts panoramic views of the ocean and peaks of neighboring islands within the Grenadines. It is the largest and most visually prominent property on Mustique, making it not just one of the Caribbeans foremost houses, but arguably one of the world’s foremost homes.

The estate spans nine structures and encompasses a total of 13 bedrooms and 13 bathrooms, making it the perfect retreat for large families or groups of friends. The symmetrical façade of the residence is wrapped in loggias and framed by an expansive formal lawn that offers views of both the Caribbean and Atlantic coasts.

Knight Frank

Perhaps the most striking feature of The Terraces is its hand-painted ceilings, which offer a touch of European elegance to the beachfront manse. Other amenities include seven reception rooms, three swimming pools (including an infinity pool that appears to cascade into the lush green hills), a tennis court, and a detached guest house.

Knight Frank

In addition to outdoor recreation, the property also encompasses a separate 12,000-square-foot structure, called the Annex, which houses games and entertainment such as billiards, Ping-Pong, and chess. Not only is this space accessible via a short outdoor walk, but also via a 60-foot underground tunnel for an easy commute on rainy days. According to the listing, the home has the largest entertainment space on the enclave.

Knight Frank

Listed at a whopping $200 million, The Terraces is the most expensive single residential home to ever come to the open market in the Caribbean region. Edward de Mallet Morgan, head of international super-prime sales at Knight Frank, who represents the mega-listing, said, “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.”

The seller of the property has not been disclosed, but this is not surprising on an island known as a reprieve for high-profile vacationers. Mustique is a favorite among royals, including Prince William and Kate Middleton, as well as A-listers and the uber-rich. The 1,400-acre island has around 100 homes, with The Terraces being the most expensive.

Knight Frank

According to de Mallet Morgan, “Paparazzi are banned on Mustique. The easy, relaxed interaction of royal families, rock stars, celebrities, business moguls, and entrepreneurs is really unique to Mustique.” The area first gained global recognition in 1976 when Princess Margaret visited with Roddy Llewellyn. The tabloid fever induced by the affair and the 17-year age gap between the pair ushered the Caribbean island into further spotlight and was reenacted throughout season three of Netflix’s The Crown.

In addition to the royal family, rock stars such as Mick Jagger and Bryan Adams are known to frequent the island. David Bowie also owned a home on Mustique. When you can rub elbows with high society, perhaps $200 million for the most expensive home in the Caribbean is just a small price to pay.

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Forever Mogul Team
Forever Mogul Teamhttp://forevermogul.com
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