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Townhouse for sale at 5438 Shearwater Dr, Sanibel, FL 33957 | MLS# 225060952 | Listing updated on 2026-10-27
Photo 1 of Townhouse for sale at 5438 Shearwater Dr, Sanibel, FL 33957 | MLS# 225060952 | Listing updated on 2026-10-27
Photo 2 of Townhouse for sale at 5438 Shearwater Dr, Sanibel, FL 33957 | MLS# 225060952 | Listing updated on 2026-10-27
Photo 3 of Townhouse for sale at 5438 Shearwater Dr, Sanibel, FL 33957 | MLS# 225060952 | Listing updated on 2026-10-27
Photo 4 of Townhouse for sale at 5438 Shearwater Dr, Sanibel, FL 33957 | MLS# 225060952 | Listing updated on 2026-10-27
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$1,499,000

Monthly Est:$7,461

  • Beds Icon3 Beds
  • Beds Icon
    4 Baths
  • Beds Icon2,460sqft

5438 Shearwater Dr, Sanibel, FL 33957

$7,461/moEst:

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  • 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 Florida Gulf Coast MLS, Fort Myers-FL

Property Details

  • Status

    Active

  • Type

    Townhouse

  • No. of Stories

    2

  • County

    Lee County

  • City

    Sanibel

  • 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

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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 Insurance

Maintenance Maintenance

Road Maintenance Road Maintenance

Spa Spa

Trash Pickup Trash Pickup

Water Water

Sewer Sewer

Tennis Tennis

Pool Pool

Sports Court Sports Court

Beach Beach

boat boat

LegalAccounting LegalAccounting

PestControl PestControl

Management Management

ReserveFund ReserveFund

AssociationManagement AssociationManagement

IrrigationWater 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

DateEventPrice

09/25/2026

Source: mls_logoFlorida Gulf Coast MLS, Fort Myers-FL #225060952

Price Decreased

$1,499,000 -7.75%

$609/sqft

04/21/2026

Source: mls_logoFlorida Gulf Coast MLS, Fort Myers-FL #225060952

Price Decreased

$1,625,000 -7.93%

$661/sqft

01/31/2026

Source: mls_logoFlorida Gulf Coast MLS, Fort Myers-FL #225060952

Price Decreased

$1,765,000 -1.67%

$717/sqft

07/04/2025

Source: mls_logoFlorida Gulf Coast MLS, Fort Myers-FL #225060952

Off Market

$1,795,000

$730/sqft

09/01/2024

Source: mls_logoFlorida Gulf Coast MLS, Fort Myers-FL #224071843

Listed for Sale

$1,795,000

$730/sqft

Nearby Homes

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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