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$1,499,000

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,460 Sq. Ft.
  • Updated 12 days ago

Next open house:

Open House: 11:00 AM - 2:00 PM

Friday 10/9 11:00 AM - 2:00 PM

5438 Shearwater Dr,Sanibel, FL 33957

5438 Shearwater DrSanibelFL33957

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  • Open House: 11:00 AM - 2:00 PM

    Saturday 10/10 11:00 AM - 2:00 PM

    5438 Shearwater Dr,Sanibel, FL 33957
    5438 Shearwater DrSanibelFL33957
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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.

Full Property Details for 5438 Shearwater Dr

General

  • Price: $1,499,000
  • Taxes: (2024)
  • Status: Active
  • Type: Townhouse
  • Source: Bonita_Springs
  • MLS ID: 225060952
  • Updated: 9/25/2026
  • Added to Site: 461 day(s) ago

Rental Information

  • Lease/Rent Term: 28
  • Min. Lease (Days): 28

Interior

  • Interior Features: Elevator, Den - Study, Guest Bath, Guest Room, Built-In Cabinets, Wired for Data, Cathedral Ceiling(s), Closet Cabinets, Wet Bar, Pantry, Tray Ceiling(s), Vaulted Ceiling(s), Volume Ceiling
  • Appliances: Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator with Icemaker, Self-Cleaning Oven, Wall Oven, Washer, Wine Cooler
  • Furnishings: Partially
  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Primary Bathroom: Dual Sinks, See Remarks, Separate Tub And Shower

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: Master BR Upstairs

Other Rooms

  • Dining Room: Dining - Family
  • Laundry: Inside, Sink

Additional Information

  • Shared Amenities: Beach Access, Pool, Fishing, Internet Access, Pickleball, Tennis Court(s), Gated
  • Tennis: Yes
  • Security/Safety: Security System, Smoke Detector(s), Smoke Detectors

Exterior

  • Porch/Patio/Deck: Deck, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: 2 Assigned, Golf Cart Garage, Attached

Location

  • Area: SI01 - Sanibel Island
  • County: Lee
  • Subdivision: HERONS LANDINGS I
  • Building Name: HERONS LANDING
  • Direction Faces: Northeast

School Information

  • Elementary School: SCHOOL OF CHOICE
  • Middle School: SCHOOL OF CHOICE
  • High School: SCHOOL OF CHOICE

Community

  • Association: Yes
  • Assoc. Fees Include: Insurance, Irrigation Water, Maintenance Grounds, Legal/Accounting, Manager, Pest Control Exterior, Reserve, Sewer, Street Maintenance, Trash, Water
  • Units Assoc/Comm: 8
  • Pets Allowed: Yes
  • Management Type: Professional

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Electric
  • Heating Type: Central Electric

Utilities

  • Sewer: Central
  • Water: Central
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Description/Design: Townhouse
  • Exterior Const.: Concrete Block, Stucco, Vinyl Siding
  • Roof: Built-Up or Flat, Shingle
  • Windows: Casement, Impact Resistant, Impact Resistant Windows, Shutters Electric, Shutters - Manual
  • Doors: Impact Resistant Doors, French Doors
  • Entry Floor Number: 5438
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 2,460
  • Sq. Ft. Source: Property Appraiser Office
  • Living Area: 2,460 Sq. Ft.
  • Year Built: 1990

Lot Features

  • Property View: Gulf, Mangroves
  • Lot Size (Acres): 0.071
  • Lot Size (Sq. Ft.): 3,092
  • Lot Size Source: Property Appraiser Office, Survey
  • Lot Dimensions: 67 x 31 x 80 x 101
  • Frontage: Dead End, Private Road
  • Frontage Feet: 67
  • Street/Road Desc.: Gravel, Unimproved
  • Irrigation System: Other
  • Lot Features: Cul-De-Sac
  • Lot Description: Cul-De-Sac

Water Features

  • Water Front: Yes
  • Water Front Desc.: Lagoon, Mangrove

Financial Considerations

  • Other Assoc Fees: $3,857
  • Other Fee Freq.: Quarterly
  • Tax Year: 2024
  • Terms: Buyer Finance/Cash, FHA, VA Loan

Disclosures and Reports

  • Ownership: Condo
  • Legal Description: HERONS LANDING PHASE II UNIT F TRACT E AS DESC IN OR 2158/3489
  • Property ID: 13-46-21-T2-00400.E0F0
  • Section: 13
  • Block: 400
  • Lot Number: E0F

Listed by Royal Shell Real Estate, Inc.

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— 5438 Shearwater Dr —

  • Royal Shell Real Estate, Inc.

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5438 Shearwater Dr

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
The Sanibel School
3840 Sanibel Captiva Road, Sanibel, FL 33957
6-83.1 mi
Cypress Lake Middle School
8901 Cypress Lake Drive, Fort Myers, FL 33919
6-816.9 mi
Cypress Lake High School
6750 Panther Lane, Fort Myers, FL 33919
9-1216.8 mi
South Fort Myers High School
14020 Plantation Road, Fort Myers, FL 33912
9-1219.9 mi
Fort Myers High School
2635 Cortez Boulevard, Fort Myers, FL 33901
9-1220.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5438 Shearwater Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/25/2026
Price Reduced
$1,499,000
-7.75%
MLS
4/21/2026
Price Reduced
$1,625,000
-7.93%
MLS
1/31/2026
Price Reduced
$1,765,000
-1.67%
MLS
7/04/2025
Listed
$1,795,000
124.37%
MLS
7/15/2008
Sold
$800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5438 Shearwater Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,862
—
$1,346,386
82%
2025
$10,862
3%
$737,941
3%
2024
$10,584
3%
$717,144
3%
2023
$10,309
6%
$696,256
-9%
2021
$9,689
1%
$761,654
13%
2022
$9,623
-1%
$675,977
4%
2021
$9,689
2%
$647,227
4%
2018
$9,496
—
$620,878
2%
2017
$9,498
—
$608,108
2%
2016
$9,458
-2%
$595,600
-18%
2015
$9,625
—
$730,608
7%
2014
$9,637
2%
$684,876
8%
2019
$9,490
-2%
$632,675
1%
2013
$9,678
—
$627,973
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Royal Shell Real Estate, Inc.

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5438 Shearwater Dr, Sanibel, FL 33957 (MLS# 225060952) is a Townhouse property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 5438 Shearwater Dr is currently listed for $1,499,000 and was received on July 04, 2025. Want to learn more about 5438 Shearwater Dr? Do you have questions about finding other Townhouse real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

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