# 5438 Shearwater Drive, Sanibel, FL 33957

> **TL;DR:** 3bd/4ba townhouse, $1,625,000 ($661/sqft), built 1990, 2,460 sqft.
> Waterfront, A/C. Est. $10,899/mo. Listed 340 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,625,000 |
| Price/sqft | $661 |
| Bedrooms | 3 |
| Bathrooms | 3 full, 1 half |
| Square Feet | 2,460 |
| Year Built | 1990 |
| Lot Size | 3,093 sqft (0.07 acres) |
| Stories | 2 |
| Property Type | Townhouse (Townhouse) |
| Status | For Sale |
| Days on Market | 340 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,042 |
| HOA | $3,857 |
| **Total** | **$10,899** |

## Nearby Schools

- **Elementary:** SCHOOL OF CHOICE
- **Middle:** SCHOOL OF CHOICE
- **High:** SCHOOL OF CHOICE

## Key Amenities

- Waterfront
- A/C

## Property Highlights

- Built in 1990
- 0.07 acre lot
- 2 stories
- Waterfront

## Description

### Agent 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.

## Location

- **Address:** 5438 Shearwater Drive, Sanibel, FL 33957
- **County:** Lee
- **Neighborhood:** HERONS LANDINGS I
- **Coordinates:** 26.467095, -82.160375
- **Google Maps:** https://www.google.com/maps?q=26.467095,-82.160375

## Virtual Tour & Media

- **Video Tour:** https://tours.3d-vue-pros.com/idx/229621

## Listing Agent

- **Name:** Becky Mulka
- **Brokerage:** Portside Property Group
- **Phone:** 2398870855
- **Email:** bmulka@me.com

## Primary Photo

![5438 Shearwater Drive - Primary Photo](http://lh.rdcpix.com/11bbd54e01608e3253c96dc6c080bc38l-f2912922789r.jpg)

*35 total photos available on [listing page](https://www.propertysimple.com/listing/5438-shearwater-drive-sanibel-fl-33957-25060952)*

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**MLS#:** 225060952 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5438-shearwater-drive-sanibel-fl-33957-25060952)

---

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