- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
- Getting Around
- Nearby Homes
$1,499,000
Monthly Est:$7,461
3 Beds
- 4 Baths
3 full baths + 1 half bath
2,460sqft
5438 Shearwater Dr, Sanibel, FL 33957
$1,499,000
$7,461/moEst:
Get Pre-Approved
Townhouse
Built in 1990
$1,285.67/mo HOA
0.07 acre lot
$609/sq.ft
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.
- Houzeo last checked: 5 hours ago
- Listing updated: October 27, 2026 at 4:15 pm
- Listing Provided by: Becky Mulka (239) 887-0855 DRE #280596802 | Royal Shell Real Estate, Inc. (239) 472-0078
- Source: Florida Gulf Coast MLS, Fort Myers-FL | MLS#: 225060952

Property Details
Status
Active
Type
Townhouse
No. of Stories
2
County
City
Neighborhood
--
Year Built
1990
HOA Fees
$1285.67/mo
Finished Area
2,460 sqft
Lot Size
0.07 acre lot
Basement Area
- sqft
MLS Name
Florida Gulf Coast MLS, Fort Myers
MLS Number
225060952
MLS Status
Active
Days on Market
481
Cumulative Days on Market
480
Open House

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Location
HOA Management
N/A
HOA Fees
$3,857/ Quarterly
Amenities
Amenities and services may be covered by one or multiple associations and service providers.
Insurance
Maintenance
Road Maintenance
Spa
Trash Pickup
Water
Sewer
Tennis
Pool
Sports Court
Beach
boat
LegalAccounting
PestControl
Management
ReserveFund
AssociationManagement
IrrigationWater
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 4
Interior
Appliances
Built In Oven, Dryer, Dishwasher, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Refrigerator With Ice Maker, Self Cleaning Oven, Wine Cooler, Washer
Heating
Central, Electric
Cooling
Central Air, Ceiling Fans, Electric
Window Features
Casement Windows, Impact Glass
Interior Features
Wet Bar, Built In Features, Bathtub, Tray Ceilings, Closet Cabinetry, Cathedral Ceilings, Dual Sinks, Family Dining Room, French Doors Atrium Doors, High Ceilings, Living Dining Room, Pantry, See Remarks, Separate Shower, Cable Tv, Upper Level Primary, Vaulted Ceilings, Elevator, High Speed Internet
Sewer
Public Sewer
Exterior Features
Deck, Security High Impact Doors, Patio, Shutters Electric, Shutters Manual
Flooring
Carpet, Tile
Construction
Year Built
Year Built: 1990
Home type
Townhouse
Construction Materials
Block, Concrete, Stucco, Vinyl Siding
Architectural Style
Two Story
Roof
Built Up, Flat, Shingle
Property Condition
Resale
Utilities & Energy
Association Amenities
Beach Rights, Beach Access, Pier, Pickleball, Pool, Spa Hot Tub, Tennis Courts, Management
Parking Features
Assigned, Attached, Garage, Golf Cart Garage, Two Spaces
Water Source
Public
Pool Features
Community
Laundry Features
Inside, Laundry Tub
Security Features
Burglar Alarm Monitored, Security Gate, Gated Community, Security System, Smoke Detectors
Utilities
Cable Available, High Speed Internet Available
Other Features
Patio And Porch Features
Deck, Patio
Community Features
Gated
Lot Features
Cul De Sac, Dead End
Disclosures
Owner Has Flood Insurance, Other
Subdivision Name
Herons Landings I
Price History
| Date | Event | Price |
|---|---|---|
09/25/2026 Source: | Price Decreased | $1,499,000 -7.75% $609/sqft |
04/21/2026 Source: | Price Decreased | $1,625,000 -7.93% $661/sqft |
01/31/2026 Source: | Price Decreased | $1,765,000 -1.67% $717/sqft |
07/04/2025 Source: | Off Market | $1,795,000 $730/sqft |
09/01/2024 Source: | Listed for Sale | $1,795,000 $730/sqft |
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Based on information from the Florida Gulf Coast Multiple Listing Service, Inc. through Oct 28, 2026, 02:15PM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this website. © 2026 Florida Gulf Coast Multiple Listing Service - All Rights Reserved.
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