| 13 bedrooms |
| 13 bathrooms |
| 38,000 sqft |
| $200 million |
| Mustique Island, St. Vincent and the Grenadines |
The most expensive mansion in the Caribbean is located on the island of Mustique. The property is the largest house on the Saint Vincent and is located on a 17.5-hectare plot of land.
The mansion has 13 bedrooms and 13 bathrooms. Leisure amenities include a games room, movie theater, swimming pools and a tennis court. The property also has a guest house and staff quarters.
According to the broker responsible for selling the property, the owner does not want to be named. “Paparazzi are prohibited on Mustique.”
The region became known in 1976, when Princess Margaret, sister of Queen Elizabeth II, visited the aristocrat Roddy Llewellyn -- with whom she had an extramarital affair, a subject that gained media visibility in the third season of Netflix's The Crown.
A luxurious Caribbean estate has gone on the market for an astonishing $200 million, setting a record as the most expensive home ever listed in the region—and ranking among the priciest residential properties worldwide.
Named The Terraces, the grand estate spans 17 acres and includes nine buildings. It's situated on Mustique, a small, exclusive island in the southern Caribbean nation of St. Vincent and the Grenadines. The island lies north of Trinidad and Tobago and roughly 45 minutes west of Barbados by private aircraft.
“This is the most expensive standalone residential property ever publicly listed for sale in the Caribbean,” said Edward de Mallet Morgan, head of international super-prime sales at Knight Frank, the firm representing the listing.
The property is perched on one of Mustique’s highest points, offering sweeping views of both manicured gardens and untamed tropical scenery, with vistas stretching over both the Atlantic Ocean and Caribbean Sea. According to its extensive 41-page brochure, the main residence includes nine bedrooms, each with its own bathroom, an 80-foot swimming pool, and the largest entertainment area on the island.
“Mustique is a destination where high-profile individuals seek low-profile getaways,” de Mallet Morgan noted, while choosing not to reveal the seller’s identity.
Mustique’s history is rich. In 1958, Lord Glenconner (Colin Tennant) purchased the entire island—then undeveloped with no roads or plumbing—for £45,000, the equivalent of about $1.2 million today when adjusted for inflation. He gifted a parcel of land to Princess Margaret, who built a villa there and triggered a wave of interest from wealthy and famous individuals who followed her lead.
Today, Mustique remains a discreet sanctuary for celebrities and business moguls. Notable property owners include fashion designer Tommy Hilfiger and rock icon Mick Jagger. The island is fully operated by the Mustique Company, a private entity owned by its homeowners. The company manages everything from healthcare to security and also oversees villa operations for residents.
Its untouched beauty and strict privacy standards make it a haven for the ultra-wealthy.
“No paparazzi are allowed, and the laid-back interactions among royalty, celebrities, and business elites are part of what makes Mustique so special,” said de Mallet Morgan. “It’s the kind of place where nobody locks their doors and it’s normal to show up barefoot to dinner.”
De Mallet Morgan shared insights from Knight Frank’s forthcoming Wealth Report, which ranks Mustique as the 12th best-performing luxury property market out of 100 top global destinations. This places it on par with elite areas like Sardinia, St. Barthélemy, and Provence.
According to the report, luxury property values on Mustique increased by 12% in 2022, making it the fifth strongest market in the Americas, behind only Aspen, Miami, the Bahamas, and the Hamptons.
High-end sales surged during the pandemic, tightening inventory. In 2024, the island’s top recorded transaction was around $35 million, according to de Mallet Morgan.
Now, a closer look at this record-setting Caribbean estate.
Constructed in 1986, the massive villa is clad in soft peach-hued stone with columned loggias wrapping around all sides of the 16,000-plus-square-foot main house. Designed by architect Tom Wilson, the home draws inspiration from 16th-century Italian palaces.
The interiors feature hand-painted ceilings and murals by French artist Jean-Claude Adenin, who spent three years on the elaborate artwork. With opulent rooms, ornate furnishings, and richly detailed domes, the home resembles Versailles more than a beachside retreat.
“The Terraces is not only the most prominent and expansive residence on Mustique—it’s arguably among the most exceptional homes on the planet,” said de Mallet Morgan.
A floor plan reveals a 60-foot tunnel linking the main villa to a neighboring structure known as the Annex. The two buildings are also connected by walkways. Spanning over 12,000 square feet, the Annex is dedicated to recreation and socializing. It includes a grand event space and a game room with billiards, ping pong, and chess. Outside, there’s a large terrace with the estate’s second swimming pool, designed with an infinity edge to give the illusion of water cascading down the hillside.
Other buildings on the grounds include guest cottages totaling 2,600 square feet and housing four more bedrooms, along with a third swimming pool.
Additional amenities include a private chapel, laundry facilities, and two staff buildings. Currently, 18 staff members manage the estate, including a property manager, two butlers, three chefs, six housekeepers, and six gardeners.
Altogether, the estate offers more than 38,000 square feet of interior space, expanding to nearly 53,000 square feet when outdoor covered areas are included.
De Mallet Morgan noted that international buyers should expect to pay roughly 12% in taxes and fees, which adds about $24 million to the already hefty $200 million purchase price.
Location and Contact Info
Address: VRH8+7VP, Mustique, St. Vincent & Grenadines
Website: https://mustique-island.com/villa/the-terraces
Email: sdurrant@mustique.vc
Phone: +1 784 488 8424
The Terraces - The Most Expensive Mansion in The Caribbean, Mustique Island, St. Vincent and the Grenadines