Prime Property: Modern estate offers waterfront privacy for $15.75 million

A 13,596-square-foot modern home in Palm Beach Gardens that sold in July for $5.9 million is back on the market — for $15.75 million.

The two-story waterfront home, at 14958 Palmwood Road, was rented for the two years prior to its sale under a lease-purchase agreement, according to Jennifer Hyland, a real estate agent with The Corcoran Group in Palm Beach, who holds the listing.

The current owners purchased the home at the pre-agreed price and put it back on the market a few weeks later.

“They put the property under contract a little over two years ago and did a thorough renovation,” Hyland said. “They put a couple of million dollars in.”

The gated home, which sits on a 1.5-acre lot and has 105 linear feet of frontage on the Intracoastal Waterway, has eight bedrooms, 10 bathrooms, a two-level living room, a home gym, theater room, home office and an owners’ suite with a spa-style bath. Outside, there’s a pool, summer kitchen and dock.

Hyland said that the property, built in 2005, features organic design elements, such as marble and wood flooring and a stone accent wall with a fireplace. “It has a modern Frank Lloyd Wright vibe,” she said.

The property is close to employment centers, shopping, restaurants and private schools, but due to its size offers residents privacy and plenty of space to enjoy or use for entertaining.

“The backyard is like a fairyland,” Hyland said. “It’s an enchanting place with beautiful landscaping — almost like a self-contained resort.”

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