In 1958, Lord Glenconner Colin Tennant bought Mustique island for £45,000, even though it had no roads or running water. Today, it is one of the world’s most exclusive and expensive islands. A palatial estate on the island is now for sale at $200 million – the most expensive home to ever come on the market in the Caribbean.

An enormous living room with multiple seating areas defined by jute rugs.

Formal dining room decorated with a coffered ceiling, a sculpture, and lovely tree murals.

Covered lanai with a curved sectional sofa and unobstructed views of the Atlantic Ocean.

Large arched windows flood this entertaining space with an abundance of natural light.

A coved ceiling graced with hand-painted mural crowns this bedroom.

Another hand-painted ceiling mural adorns this bedroom.

Main home's entrance showcasing breathtaking fountains that rival Europe’s best museums. — Main home’s entrance showcasing breathtaking fountains that rival Europe’s best museums.

The Caribbean palatial estate includes nine buildings bordered by decorative archways.

The main home connects to a 12,000-square-foot building, which comes with a huge event hall and game room.

The building also comes with an infinity pool that appears to send water flowing over the lush hillside.

A separate building features a second pool surrounded by lush greenery.

The estate includes a tennis court surrounded by lights.

Aerial view of the Caribbean palatial estate showcasing its sprawling outdoor space embellished with pools and fountains.

All photos are used with permission from TopTenRealEstateDeals.com

Located on 17 private acres, The Terraces includes nine buildings with a total of 13 bedrooms, nine ensuite bedrooms in the main house, an 80-foot-long swimming pool, many arched windows and doors, and the largest entertainment spaces on the island. There are seven reception rooms, a chapel, and guest cottages where there is another swimming pool. There is a 60-foot tunnel or paths that connect the main house to a 12,000-square-foot building, which includes a huge event hall and game room. There is also a lighted tennis court and a third pool with an infinity edge that appears to send water flowing over the lush hillside. The compound includes almost 53,000 square feet of the main home plus covered outdoor areas.

The estate’s exterior grounds are just as nice as the main home, which include an entrance to the main home with breathtaking fountains that rivals Europe’s best museums, lush plantings, and exquisite views from one of Mustique’s highest elevations, providing postcard-type views of the lush tropical grounds and the Atlantic Ocean’s blue water. According to the estate listing, “The Terraces was designed in a majestic blend of Palladium and Venetian style — a faithful homage to the great 16th-century palaces of Italy’s pomp.” Such as the hand-painted ceiling murals by French artist Jean-Claude Adenin.

Mustique is located in the southern Caribbean country of St. Vincent and the Grenadines. The country is a popular vacation spot for CEOs and celebrities, such as George Clooney and Kate Middleton. Both Mick Jagger and Tommy Hilfiger have expensive homes on Mustique.

The listing agent is Edward de Mallet Morgan, who is in charge of international sales at the Knight Frank real estate agency.