Entering the market for the first time in almost fifty years, this spectacular 1940's Marion Sims Wyeth estate is located on exclusive Everglades Island in the heart of Palm Beach. Set on a .84 acre parcel, the unique lakefront property affords 175 +/- feet of direct, private water frontage and a dock with lift. The eastern exposure provides unparalleled views across the lake worth lagoon. Completely renovated with an addition in 2006, this elegant residence features 7 bedrooms, 6 full bathrooms, 1 powder room, and stunning water views. Intentionally designed with a connected layout, the floorplan provides seamless access to a guest wing and staff quarters. Unique elements are abundant throughout the home, such as original cypress wall paneling with reeded casings, dentil moldings, and a tray ceiling in the living room. Additional features include a chef's kitchen, multiple spaces ideal for entertaining, a two-car garage, and an orchid slat house. With original landscaping updated by Jorge Sanchez of SMI, the grounds present an old Florida design including many specimen palms. The original East side swimming pool and terraces have been restored and preserved along with the addition of a spa. The West terrace adjacent to the formal living room includes a decorative fountain and overlooks an expansive lawn with mature gardens. Don't miss out on the rare opportunity to own in one of Palm Beach's most exclusive enclaves.