Index Investing News
Thursday, May 22, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Inside Terraces Mustique, the most expensive Caribbean home

by Index Investing News
February 20, 2023
in Property
Reading Time: 5 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


A palatial estate in the Caribbean was listed for a whopping $200 million Sunday evening, making it the most expensive home to ever hit the market in the region and one of the priciest homes for sale in the entire world.  

The Terraces, as the estate is called, spans 17 acres and nine structures. It’s located on the small private island of Mustique, which lies in the southern Caribbean nation of St. Vincent and the Grenadines. It is north of Trinidad and Tobago and about 45 minutes west of Barbados, if you’re taking a private plane.

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

The estate sits atop Endeavor Hill, one of Mustique’s highest summits.

Knight Frank

The majestic residence commands one of Mustique’s highest elevations, overlooking landscaped gardens and wild tropical grounds with panoramic views over the Atlantic and Caribbean coastlines. The estate’s 41-page marketing brochure boasts nine ensuite bedrooms in the main house, an 80-foot-long swimming pool and “the largest entertaining space on the entire island.”

The view from one of the estate’s three swimming pools.

Knight Frank

“Mustique is an island where incredibly high profile people go for incredibly low profile holidays,” said de Mallet Morgan, who declined to disclose the identity of the seller.

Mustique has a storied past. In 1958, Lord Glenconner, Colin Tennant, bought the entire island, which at the time had no roads and no running water, for £45,000. That’s about $1.2 million in today’s money, when adjusted for inflation. Tennant gifted a plot to his friend Princess Margaret, who built a villa there and helped spark a rush of rich and famous buyers who followed the royal and built their own homes, according to the island’s website.

The palatial mood and domed ceiling inside one of the main villa’s nine bedrooms.

Knight Frank

Decades later, it’s still an exclusive playground for titans of industry and rock stars. Tommy Hilfiger and Mick Jagger have homes on the isle. From its health clinic to security, the island is wholly managed by the Mustique Company, a private operation owned by the island’s homeowners. The website states: “The company oversees every aspect of island life as well as the management of the villas on behalf of the shareholders and the safeguarding of the island.”

The view from the pool deck.

Knight Frank

Natural beauty and unrivaled privacy make the island a perfect destination for the ultra wealthy to kick back and relax.

“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,” said de Mallet Morgan.

“It is a place where doors are not locked and no one bats an eye when you arrive at dinner barefoot.” 

The view from above the estate’s 80-ft long swimming pool.

Knight Frank

De Mallet Morgan shared data with CNBC from Knight Frank’s upcoming Wealth Report, which shows that out of 100 key city, sun and ski destinations around the world, Mustique was the 12th best performing market. The ranking puts the remote island on par with Sardinia, St. Bart’s and Provence.  

According to the report, luxury residential prices on Mustique rose by 12% in 2022, making the island the fifth best performing market in the Americas after Aspen, Miami, Bahamas and the Hamptons.

Record sales during the pandemic led to tighter inventory. Last year, Mustique’s largest transaction was recorded at about $35 million, according to de Mallet Morgan.

Here’s a closer look at the most expensive home to ever hit the market  in the Caribbean.

A fountain in the courtyard entrance of the main home.

Knight Frank

Built in 1986, the mega villa is clad in a pale peach-colored stone facade with loggias that wrap around each side of the more than 16,000-square-foot residence. According to marketing materials, the Terraces was designed by architect Tom Wilson, who pays homage to the architecture of 16th century Italian palaces.

A dining area in the main residence.

Knight Frank

Inside there are hand-painted ceilings and mural-covered walls painted by French artist Jean-Claude Adenin in a project that spanned three years.

A bedroom in the main home.

Knight Frank

The mega-villa’s palatial rooms, gilded furniture and painted domed ceilings are decidedly more Versailles than beach chic.

A grand salon in the main house.

Knight Frank

“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,” de Mallet Morgan told CNBC.

The main home’s infinity-edged pool appears to spill into the estate’s lush green landscape.

Knight Frank

A floor plans shows a 60-foot tunnel connecting the main villa to a structure just below called the Annex. The two buildings are also connected by exterior pathways. The Annex spans over 12,000 square feet and is dedicated to games and entertainment. It houses a grand event hall and a game room with ping-pong, billiards and chess. Just outside, there’s a wraparound terrace that features the estates second swimming pool with an infinity edge that appears to send water cascading down the hillside.

The Terrace’s Annex is in the foreground just below the main villa, together the two structures span about 28,000 sq ft.

Knight Frank

Other structures on the property include guest cottages that span 2,600 square feet and include four more bedrooms, as well as the estate’s third swimming pool. 

The Bali Cottages house four more guest bedrooms and surround the estate’s third swimming pool.

Knight Frank

There’s also a chapel, laundry facilities and two more buildings to accommodate staff. De Mallet Morgan said the estate is currently operated by 18 staff. The estate’s webpage breaks it down further to a property manager, two butlers, three chefs, six housekeepers and six gardeners.

Tennis court and pavillion.

Knight Frank

Across a rolling lawn is a pavilion that overlooks a sun-drenched tennis court.   

The terrace and pool at the Annex.

Knight Frank

The interior square footage of the entire estate tops 38,000. It climbs to almost 53,000 square feet when you add all of its covered outdoor areas.

De Mallet Morgan told CNBC if a foreign buyer wants to purchase the trophy property he or she can expect to pay taxes and fees of about 12% on the purchase price, adding around $24 million to the $200 million price tag.



Source link

Tags: CaribbeanexpensivehomeMustiqueTerraces
ShareTweetShareShare
Previous Post

Tiger Woods: When will he play next after encouraging PGA Tour comeback at Genesis Invitational? | Golf News

Next Post

Barcelona consider surprise move for former Real Madrid star in the summer

Related Posts

3.1 MSF Information Heart Venture Strikes Ahead Close to Phoenix

3.1 MSF Information Heart Venture Strikes Ahead Close to Phoenix

by Index Investing News
May 22, 2025
0

EdgeCore’s Mesa campus will embody 3.1 million sq. toes at full build-out. Picture courtesy of EdgeCore Digital Infrastructure EdgeCore Digital...

She Traded Brooklyn for Jackson Heights With 0,000 to Spend. Was It Sufficient for a One-Bed room?

She Traded Brooklyn for Jackson Heights With $300,000 to Spend. Was It Sufficient for a One-Bed room?

by Index Investing News
May 22, 2025
0

For 10 years, Olivia Web page-Pollard was a serial New York renter, hopping from neighborhood to neighborhood, virtually at all...

Simply Listed | 2018 SW Twenty ninth Court docket #6-B-2

Simply Listed | 2018 SW Twenty ninth Court docket #6-B-2

by Index Investing News
May 22, 2025
0

DELIGHTFUL IN DELRAY OAKS2 Beds | 2 Baths Welcoming and roomy rental in fascinating Delray Oaks, that includes laminate flooring,...

Why Cellular Dwelling Investing is Gaining Momentum in 2025 (and How Rookies Can Get Began)

Why Cellular Dwelling Investing is Gaining Momentum in 2025 (and How Rookies Can Get Began)

by Index Investing News
May 22, 2025
0

PEBB Enterprises JV Sells Southern Florida Retail Heart

PEBB Enterprises JV Sells Southern Florida Retail Heart

by Index Investing News
May 21, 2025
0

PEBB Enterprises and Banyan Improvement offered their first retail undertaking throughout the master-planned Custom group in Port St. Lucie, Fla....

Next Post
Barcelona consider surprise move for former Real Madrid star in the summer

Barcelona consider surprise move for former Real Madrid star in the summer

Platypus to work on compensation plan after .5M attack By Cointelegraph

Platypus to work on compensation plan after $8.5M attack By Cointelegraph

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Subhash Chandra, Punit Goenka Diverted Public Funds, Says SEBI

Subhash Chandra, Punit Goenka Diverted Public Funds, Says SEBI

June 18, 2023
A Newbie’s Information to Yield Farming | by Tracy Hardwick | The Capital | Mar, 2025

A Newbie’s Information to Yield Farming | by Tracy Hardwick | The Capital | Mar, 2025

March 14, 2025
Summit’s Annual Luminary Fund: Lighting Up Lives

Summit’s Annual Luminary Fund: Lighting Up Lives

November 29, 2022
MGP Substances: Current Fall May Be An Enticing Lengthy-Time period Alternative

MGP Substances: Current Fall May Be An Enticing Lengthy-Time period Alternative

March 5, 2025
Upcoming debate is an important take a look at for Harris

Upcoming debate is an important take a look at for Harris

September 6, 2024
Earnings: Highlights of PNC Financial’s Q3 2022 results

Earnings: Highlights of PNC Financial’s Q3 2022 results

October 14, 2022
Gold is safer than mining stocks: State Street’s Milling-Stanley

Gold is safer than mining stocks: State Street’s Milling-Stanley

April 12, 2024
Delectable New UK Trailer for ‘The Taste of Things’ w/ Juliette Binoche

Delectable New UK Trailer for ‘The Taste of Things’ w/ Juliette Binoche

November 27, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In