Homes from around the world that are cheaper than Pablo Picasso's The Women of Algiers

Pablos Picasso’s painting, The Women of Algiers, has set a new record for the highest price ever paid for a painting at auction this week.

The artwork sold to a private collector at a New York auction for a cool $US179 million ($227 million). 

While this mysterious art fan obviously had a deep desire (and pockets) to purchase the work, it got us thinking about what else you could spend your hard earned money on. 

Here are five ultra-luxe properties from around the world that will still leave you with a bit of change from $200 million.

1.Rangyai Island, Thailand

If you’re looking for something a bit more tropical and you’d like to have it all, why not buy an island? 

Rangyai Island, located east of Phuket in Thailand, is 44.2 hectors of tropical paradise.

The island comes equipped with fresh water and an electric generator.  

Price: $US160 million ($196,846,760)

2.Long Island, New York

Spread over four levels Villa Maria has undergone extensive renovations to bring the 1920s’ property into the 21st century.

Some homes are made up of less than six rooms, but the master suite in Villa Maria has six of its own. Yes, six.

The mansion has another 10 bedrooms and luxurious features like a handmade wrought iron staircase, a tennis court, waterfront dock and a two bedroom cottage. 

Price: $US85 million ($106,371,445) 

3.Mayfair, London

Just like in Monopoly, this Mayfair home is surely one of the best on the block. 

The eight-bedroom property has a 15-metre kitchen, family and dining area. It also has its own drawing room and state of the art security and technology.

And if you prefer to sweat it out alone the home also has its own ‘health and leisure centre’ featuring a 17-metre swimming pool, a sauna, shower room and beauty treatment suite 

Price:  £39.5 million ($AU76,345,600)

4. Point Piper, Sydney

Australia’s most expensive listing, the former Fairfax family mansion is rumoured to have an asking price of over $50 million.

With uninterrupted views over Sydney Harbour, potential buyers could either live in the beautifully maintained family home, or carve it up, with the property sitting on six separate titles. 

Price: POA 

5. Houston, Texas

Texas answer to the palace of Versailles, this grand chateau is as luxurious as they come.

The home itself is over 2500 square meters  and is surrounded by 2.5 acres of private grounds. 

A palatial house for art lovers it has multiple galleries, hand painted details, its own reception hall and all the other trimmings one expects when spending over $40 million.

Price: $US43 million ($53,811,442)