5438 Shearwater DR, SANIBEL, FL 33957
Active

5438 Shearwater DR

SANIBEL, FL 33957

$1,499,000
457 DOM Original List Price $1,795,000
3 Bedrooms
3.5 Bathrooms
2,460 Living Area Sq.Ft.
4,144 Total Area Sq.Ft.
1990 Year Built
225060952 MLS#

About This Property

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.
HERONS LANDING SANIBEL
3 Properties Currently For Sale
Single Family Residence
2 For Sale $1.1M – $1.4M
Townhouse
1 For Sale $1.5M

Property Details

Property

Development HERONS LANDING
Subdivision HERONS LANDINGS I
Community Type Gated
Building Design Two Story, Townhouse
Building Description 2 Story
Living Area 2,460 ft²
Total Area 4,144 ft²
Year Built 1990
Garage Spaces 2
Lot Size 0.0710 Acres
Lot Description Cul-De-Sac
Unit Floor 5438
Total Floors 2
Units in Building 2
Rear Exposure SW
County Lee

View & Waterfront

View Gulf, Mangroves
Waterfront Lagoon, Mangrove

Interior

Interior Features Built-In Cabinets, Cathedral Ceiling(s), Closet Cabinets, French Doors, Wet Bar, Laundry Tub, Pantry, Smoke Detectors, Tray Ceiling(s), Vaulted Ceiling(s), Volume Ceiling
Equipment & Appliances Cooktop - Electric, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer, Wine Cooler
Flooring Carpet, Tile
Floor Plan Type 2 Story
Furnished Partially
Heating Central Electric
Cooling Ceiling Fan(s), Central Electric

Exterior & Parking

Construction Concrete Block, Stucco, Vinyl Siding
Parking 2 Assigned, Golf Cart, Attached
Pool Community
Irrigation Other
Water Central

Pets, Leasing & Restrictions

Pets Yes
Minimum Lease 28 Days
Leases Per Year 12
Restrictions Architectural, Deeded

Community Amenities

Beach Access Pool Fishing Pier Internet Access Pickleball Tennis Court(s)

Maintenance Includes

Insurance Irrigation Water Lawn/Land Maintenance Legal/Accounting Manager Pest Control Exterior Reserve Sewer Street Maintenance Trash Removal Water

Association & Fees

Master HOA Fee $3,857 Quarterly
Total Annual Recurring Fees $15,428
Total One-Time Fees $500

Taxes

2024 Annual Taxes $10,584
Listing courtesy of Royal Shell Real Estate, Inc.


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