Price Reduction - Waterfront
Address
5438 Shearwater Drive, Sanibel, FL
Price
$ 1,499,000
Property Attributes
- MLS#225060952
- TypeTownhouse
- Listing Status Active
- CountyLee
- CitySanibel
- AreaSI01 - Sanibel Island
- NeighborhoodHERONS LANDINGS I
- Zip33957
- StyleTwo Story
- Year Built1990
- Taxes$ 10583
- Price$ 1,499,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2460
- Lot Size0.071 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description
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 within close proximity 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. Within the gated Shearwater community, residents enjoy an elevated coastal lifestyle with access to pickleball and tennis courts, a kayak launch area, a fishing pier, and deeded beach access with convenient golf cart parking — thoughtfully designed to embrace the island’s outdoor, water-centric way of life. 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.
| Elementary School | Middle School | High School |
|---|---|---|
| SCHOOL OF CHOICE Elementary School | SCHOOL OF CHOICE Middle School | SCHOOL OF CHOICE High School |
| Price History | |
|---|---|
| 2/20/2026 | Listed $1,765,000 |
| 4/21/2026 | 8$1,625,000 |
| 9/25/2026 | 8$1,499,000 |
General Features
| 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 |
| 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 |
| Full Baths | 3 |
| Status | Active |
| High School | SCHOOL OF CHOICE |
| City | Sanibel |
| Disclosures | Owner Has Flood Insurance,Other |
| Senior Community Y/N | false |
| MLS Area | SI01 - Sanibel Island |
| Lot Size Units | Acres |
| 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 |
| Structure Type | Townhouse |
| Standard Status | Active |
| Tax Lot | E0F |
| Virtual Tour | https://tours.3d-vue-pros.com/s/idx/229621 |
| Property Sub Type Additional | Townhouse |
| PostalCity | Sanibel |
| Legal Description | HERONS LANDING PHASE II UNIT F TRACT E AS DESC IN OR 2158/3489 |
| Assoc/CIC | Condominium |
Interior Features
| 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 |
| LivingAreaSource | Appraiser |
| Total Baths | 4 |
Exterior Features
| Gulf Access | false |
|---|---|
| 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 |
| LotDimensionsSource | Appraiser |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Townhouse Average in 33957
Price
Taxes
Year Built
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© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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