As far as holiday homes go, this truly palatial estate in the Caribbean makes even the most luxurious Northern Beaches homes look like fibro cabins in comparison.
The Terraces arrives on the market for a jaw-dropping US$200 million (AU$292 million). Located on the ultra-private island of Mustique, where the likes of Tommy Hilfiger, Lawrence Stroll, and John Cleese own properties, the recent listing makes it the most expensive home in the history of the Caribbean, spanning 17 acres and boasting nine different residences/buildings.
An island with a fascinating history, Mustique was predominantly inhabited by local fishermen until 1960, when Princess Margaret was gifted a parcel of land on the island and built the famed Les Jolies Eaux mansion, leading to the construction of an airport in 1969 and further investment by some of the world’s wealthiest.
Today, the island is managed by The Mustique Company and more than 750 staff, including a private police force led by a former Scotland Yard chief, and The Terraces is one of the larger estates on the island, boasting 13 bedrooms worthy of royalty, 13 bathrooms, and three swimming pools.
“Mustique is an island where incredibly high-profile people go for incredibly low-profile holidays,” explained Edward de Mallet Morgan, the agent managing this listing, to 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.”
The Terraces is truly a home only for the 1% of the 1%.