About This Home

This 3-bedroom, 4-bathroom townhouse at 5438 Shearwater Drive in Sanibel, FL is listed for $1,499,000 ($609 per sqft). Built in 1990, the home offers 2,460 sqft of living space on a 0.07 acres lot.

Key Features

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

Property Details

2 stories
3 full, 1 half
2-car garage
1990

Amenities

WaterfrontA/C
Listing 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.

Monthly Cost Estimate

$11,874/mo

20% down · 6.5% · 30 years

Principal$1,084
Interest$6,496
Insurance$437
HOA$3,857

Estimates only. Actual payments may vary.

Location

5438 Shearwater Drive

Sanibel, FL 33957

HERONS LANDINGS I

Features & Amenities

Interior Features

WetBarBuiltInFeaturesBathtubTrayCeilingsClosetCabinetryCathedralCeilingsDualSinksFamilyDiningRoomFrenchDoorsAtriumDoorsHighCeilingsLivingDiningRoomPantrySeparateShowerCableTvUpperLevelPrimaryVaultedCeilingsElevatorHighSpeedInternet

Exterior Features

DeckSecurityHighImpactDoorsPatioShuttersElectricShuttersManual

Property Details

Flooring

CarpetTile

Construction

Block Concrete Stucco VinylSiding

Outdoor Features

PatioDeck

Parking

AssignedGarage

Heating

CentralElectric (Heating)

Cooling

Central AirCeiling Fan(s)Electric

Appliances

BuiltInOvenDryerDishwasherElectricCooktopDisposalIceMakerMicrowaveRefrigeratorRefrigeratorWithIceMakerSelfCleaningOvenWineCoolerWasher

Questions & Answers

This 3-bedroom, 4-bathroom townhouse at 5438 Shearwater Drive is listed at $1,499,000 ($609/sqft). The estimated monthly payment is $11,874 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

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.

BM

Becky Mulka

License 280596802

Agent at Royal Shell Real Estate, Inc.

Listed by Royal Shell Real Estate, Inc. · Broker phone: (239) 689-7653 · View on Broker Site · Broker website

MLS# 225060952· Source: Florida Gulf Coast Multiple Listing Service, Inc.· 494 days on PropertySimple

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.

5438 Shearwater Drive, Sanibel, FL 33957

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