Tour the Caribbean's $200-million trophy estate: The Terraces, Mustique

A palatial estate in the Caribbean was listed for a whopping $200 million today, 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 over 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 north of Trinidad and Tobagos and about 45 minutes west of Barbados by 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.

See even more pictures of the trophy property and an in-depth article on The Terraces, Mustique at CNBC.com.