5438 Shearwater Drive Sanibel, FL $ 1,765,000
5438 Shearwater Drive
$ 1,765,000
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5438 Shearwater Drive

Sanibel, FL, 33957
$ 1,765,000
Bedrooms3 Baths3.1 Sq 2,460

Monthly Estimate*

$ 10,867

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Townhouse for sale in Sanibel, FL

for $1,765,000 with 3 bedrooms and 3 full baths, 1 half bath. This 2,460 square foot townhouse was built in 1990 on a lot size of 0.071.

Elevated Coastal Living at Shearwater | Sanibel Island Experience a rare offering on Sanibel Island — an expansive luxury residence that delivers the privacy and square footage of a single-family home with the ease and refinement of upscale condominium living. Located close to the prestigious golf and beach community of The Sanctuary, this exceptional Shearwater residence offers generous living spaces, high ceilings, and thoughtfully designed interiors ideal for those who desire room to entertain without the full-time demands of estate ownership. With few properties on Sanibel offering this combination of size, amenities, and low-maintenance convenience, Shearwater represents a truly unique market opportunity. Designed for the discerning buyer — whether transitioning from a larger Captiva estate, seeking proximity to championship golf, or simply wanting refined coastal living near the beach — this residence checks nearly every box. Golf enthusiasts will appreciate close access to The Sanctuary Golf Club’s private championship course, while beach lovers are moments from Sanibel’s world-renowned shoreline, shelling beaches, and Gulf sunsets. Spacious indoor-outdoor living areas allow for effortless entertaining, seasonal hosting, and relaxed island living. Shearwater appeals to: • Golfers wanting immediate access to premier fairways • Beachcombers who value privacy and proximity to the Gulf • Single-family homeowners ready to simplify without downsizing dramatically • Luxury condo owners looking for significantly more square footage • Captiva residents seeking a refined Sanibel alternative This is not just another property — it is a different product entirely. A rare intersection of space, amenities, prestige, and ease. Shearwater offers an unmatched lifestyle proposition on Sanibel Island.

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Townhouse Active

Price

$ 1,765,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Townhouse

Taxes

$ 10,583

Style

Two Story

Lot Size

0.071

Year Built

1990

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

225060952

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available High Speed Internet Available
Possession Close Of Escrow
Roof Built-Up Flat Shingle
Appliances Built-In Oven Dryer Dishwasher Electric Cooktop Disposal Ice Maker Microwave Refrigerator RefrigeratorWithIce Maker Self Cleaning Oven Wine Cooler Washer
HOA Fee 3857
Garage Spaces 2
Association Fee Includes Association Management Insurance Irrigation Water Legal/Accounting Maintenance Grounds Pest Control Reserve Fund Road Maintenance Sewer Trash Water
Patio/Porch Features Deck Patio
Architectural Style Two Story
Pool Features Community
Security Features Burglar Alarm (Monitored) Security Gate Gated Community Security System Smoke Detector(s)
Construction Materials Block Concrete Stucco Vinyl Siding
Pets Allowed Yes
Year Built 1990
View Gulf Mangroves
Stories Count 2
Levels Two
Property Subtype Townhouse
Tax Year 2024
Ownership Condo
Waterfront Features Lagoon Mangrove
Community Features Gated
HOA Fee 2 0
Assoc Fee Paid Per Quarterly
County Lee
Property Type Residential
Association Amenities Beach Rights Beach Access Pier Pickleball Pool Spa/Hot Tub Tennis Court(s) Management
HOA true
Attached Garage true
Subdivision Name HERONS LANDINGS I
Facing Direction Northeast
Garage Y/N true
Total Rooms 0
Full Baths 3
Status Active
High School SCHOOL OF CHOICE
City Sanibel
Disclosures Owner Has Flood Insurance
Land Lease Amount 0
Senior Community Y/N false
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
Elementary School SCHOOL OF CHOICE
Tax Annual Amount 10583.55
Middle/Junior High School SCHOOL OF CHOICE
Property Condition Resale
Virtual Tour https://tours.3d-vue-pros.com/idx/229621 https://tours.3d-vue-pros.com/s/idx/229621
Structure Type Townhouse
Standard Status Active
Tax Lot E0F
Property Sub Type Additional Townhouse
Legal Description HERONS LANDING PHASE II UNIT F TRACT E AS DESC IN OR 2158/3489
Assoc/CIC Condominium
HOA Fee 3 0
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Interior
Interior Amenities Wet Bar Built-in Features Bathtub Tray Ceiling(s) Closet Cabinetry Cathedral Ceiling(s) Dual Sinks Family/Dining Room French Door(s)/Atrium Door(s) High Ceilings Living/Dining Room Pantry See Remarks Separate Shower Cable TV Upper Level Primary Vaulted Ceiling(s) Elevator High Speed Internet
Flooring Carpet Tile
Furnished Y/N Partially
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Casement Window(s) Impact Glass
Half Baths 1
Laundry Features Inside Laundry Tub
Total Bedrooms 3
Entry Level 5438
Room Type Bathroom Den Guest Quarters
Total Baths 4
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Exterior
Exterior Amenities Deck Security/High Impact Doors Patio Shutters Electric Shutters Manual
Parking Features Assigned Attached Garage Golf Cart Garage Two Spaces
Lot Features Cul-De-Sac Dead End
Water Source Public
Lot Size Area 0.071
Spa false
Building Area Total 4144
Lot Dimensions 67 x 80 x 31 x 101
Lot Size Acres 0.071
Road Surface Type Gravel Unimproved
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 2
Door Features French Doors
Road Frontage Type Private Road
Road Responsibility Private Maintained Road
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* Excluded Features
List By
Becky Mulka

Listing Agent

Portside Property Group

Broker

bmulka@me.com

Email

Affordability Calculator

$11,749
Per Month
92%
8%
0%
Monthly Principal & Interest
$10,867
Monthly Property Taxes
$882
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
SCHOOL OF CHOICE High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2026$1,765,000 Listed Price

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5438 Shearwater Drive, Sanibel, FL, 33957 is a Townhouse for sale at $1,765,000 with 2,460 sqft and a lot size of 0.071. 5438 Shearwater Drive has 3 bedrooms, 3.1 baths, and was built in 1990. The property's zip code is 33957 which is in Sanibel, FL