Petit Mustique

Is Petit Mustique for sale, and how much does it cost?

Petit Mustique is a 100 acres undeveloped private island in Grenadines, St Vincent and the Grenadines. It is understood to be available discreetly: Available discreetly · on application. Tenure is freehold. Foreign ownership is permitted subject to local approvals. This is an editorial profile drawn from public record, clearly attributed, not our listing.

Summary

Petit Mustique is the cautionary tale of the private-island market, and worth profiling for exactly that reason. One hundred hilly acres a mile south of Mustique itself, it made global headlines in April 2007 when Vizzion Europe agreed to pay $62 million for it — then discovered the island's condition had been misrepresented, collapsed the deal after roughly $2.1 million had been paid over, and left the seller facing fraud proceedings. The island has sat quiet, undeveloped and effectively unmarketable at scale since; Vladi's archive records it as off the market. The Mustique-adjacent address remains genuinely valuable, which is why the file stays open in our coverage: at the right price, with clean title finally established, the location logic that attracted a $62 million bid has not gone anywhere.

Land & Waterfront

Physically the island is handsome and difficult in equal measure: steep hills rising to about 340 feet — commanding views over Mustique and the central Grenadines — ringed by near-continuous cliffs that leave only a small sandy beach and no easy landing. Reef and good anchorageSheltered water where a vessel can safely anchor — an island without one is an island you can't always reach. water surround it, in the same sailing grounds that make the Grenadines a premier charter destination. There is no permanent freshwater source, and the terrain that provides the views drives every construction estimate upward. The 2007-era concept — a resort with marina, spa, heliport and some 60,000 square metres of building — was always ambitious against this topography; a realistic modern scheme would be far lighter, trading density for the drama of the site.

Access & Utilities

On paper the connectivity is excellent: Mustique's and Bequia's airstrips are minutes away by air, St Vincent's international airport is close, and Barbados — with its direct London and New York service — is under an hour. In practice, everything depends on solving the landing problem: the cliff-bound coastline means a jetty or breakwater engineered for Atlantic-side swell is the enabling investment before anything else, likely alongside a helipad as the primary access mode. There are no utilities of any kind; desalinationMaking fresh water from seawater — the standard supply on dry islands, priced in energy. is mandatory given the absence of freshwater, and all power would be generated on-island. The neighbouring Mustique Company's operation demonstrates the service model — and represents either the natural ally or the natural objector to any development next door.

Ownership & Use

St Vincent and the Grenadines requires foreign buyers to obtain an Alien Landholding Licence, a manageable process — but on this island the licence is the least of it. The ownership and title history is the entire game: the collapsed 2007 sale, the misrepresentation findings and the seller's subsequent fraud convictions mean any serious acquirer starts with forensic title work and, realistically, negotiation with whatever interests now control the island. The prize for whoever clears that thicket is the last undeveloped island in Mustique's immediate orbit — a location that supported a $62 million agreed price at the 2007 peak. As a data point, that lapsed figure remains the Grenadines' most famous island price, and the gap between it and today's realistic value measures the cost of clouded title.

Provenance

Bought for a nominal sum in the early 1990s by Belgian-Vincentian Thierry Nano, who agreed to sell it to Vizzion Europe for $62M in April 2007 before the deal collapsed months later amid misrepresentation claims; Nano was later convicted of fraud over the deal (Belgium, 2018) and is understood to remain the owner, with the island still uninhabited and undeveloped.

Specification

Status	Quiet
Offering	For sale
Region	Caribbean · Grenadines
Country	St Vincent and the Grenadines
Size	100 acres · 40 ha
Tenure	Freehold
Development	Undeveloped
Holding-cost band	Low — land only
Access	boat
Nearest airport	Minutes by air from Mustique and Bequia airstrips; Barbados and St Lucia are the regional jet hubs
Power	none
Water	none — no permanent water source on the island
Communications	limited
Foreign ownership	Permitted (see notes)
Publicly marketed	since 2007

Price record

Documented public figures over time — asking prices, reported sales and reductions, each attributed. This record is maintained editorially and may lag the market.

The full traced record — ownership lineage and every dated event back to the earliest public mention — is in The Ledger, for members.

Legal & Ownership Notes

St Vincent and the Grenadines requires an Alien Landholding Licence for foreign purchasers

• title and ownership history troubled — the 2007 Vizzion transaction collapsed amid misrepresentation claims and the seller later faced fraud convictions; forensic title work essential
• no landing infrastructure — near-continuous cliffs make marine access difficult
• no permanent freshwater

Satellite reference: ESRI World Imagery / Google Earth — Petite Mustique, Grenadines, St Vincent and the Grenadines.

Common questions

How much does Petit Mustique cost?

Petit Mustique is profiled at: Available discreetly · on application. Figures reflect public record at time of writing and may change; the profile keeps a dated price record.

What tenure does Petit Mustique have?

Petit Mustique is held on freehold tenure. Always confirm the exact instrument and any remaining term on the title.

Can a foreigner buy Petit Mustique?

Foreign buyers may own property here subject to local approvals. St Vincent and the Grenadines requires an Alien Landholding Licence for foreign purchasers

How do you get to Petit Mustique?

Access is by boat. Nearest airport: Minutes by air from Mustique and Bequia airstrips; Barbados and St Lucia are the regional jet hubs.

How big is Petit Mustique?

Petit Mustique is approximately 100 acres (40 hectares).