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About This Home
This 3-bedroom, 4-bathroom townhouse at 5438 Shearwater Drive in Sanibel, FL is listed for $1,625,000 ($661 per sqft). Built in 1990, the home offers 2,460 sqft of living space on a 0.07 acres lot.
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.
Key Features
- Built in 1990
- 0.07 acre lot
- 2 stories
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$12,548/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5438 Shearwater Drive
Sanibel, FL 33957
HERONS LANDINGS I
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 4-bathroom townhouse at 5438 Shearwater Drive is listed at $1,625,000 ($661/sqft). The estimated monthly payment is $10,899 based on 20% down at 6.5% interest.
HOA fees are $3857/month.
Key features include: Built in 1990, 0.07 acre lot, 2 stories, Waterfront. Interior Features: WetBar, BuiltInFeatures, Bathtub. Exterior Features: Deck, SecurityHighImpactDoors, Patio.
This property is listed by Becky Mulka and can be reached at 2398870855 or bmulka@me.com.
