The Terraces spans 17 acres and nine structures. It's located on the small private Caribbean island of Mustique.
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.
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.
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.
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