Townhouse in Sanibel, FL 33957
Heron's Landing, 5438 Shearwater Dr

$1.8M9.5%
$1,625,000
3
Beds
31/2
Baths
2,460
SqFt
Status
Active
Parking
2
Size
2,460 SqFt (229 m2)
Price
$661/SqFt ($7,110/m2)
Type
Townhouse
Built
1990
HOA
N/A
MLS Number
225060952
View
Gulf, Mangroves
Updated
2 Days ago
Page Views
0
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.

Features

Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: No info
  • View: Gulf, Mangroves
Interior, Heating and Cooling
  • 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: Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Self Cleaning Oven, Wall Oven, Washer, Wine Cooler
  • Heating Description: Central Electric
  • Cooling Description: Ceiling Fan(s), Central Electric
Building and Construction
  • Floor Description: Carpet, Tile
  • Windows/Treatment: No info
  • Construction Type: Townhouse
  • Year Built: 1990
  • Style: Two Story, Townhouse
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Elementary School: SCHOOL OF CHOICE
  • Middle School: SCHOOL OF CHOICE
  • Senior High School: SCHOOL OF CHOICE
Other Property Info
  • Garage: 2
  • Pets Allowed: Yes
Taxes, Fees & More
  • Maintenance Includes: Insurance, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Reserve, Sewer, Street Maintenance, Trash Removal, Water
  • Taxes: 10583.55
  • Security Information: Security System, Smoke Detector(s), Gated Community
  • Parking Description: 2 Assigned, Golf Cart, Attached
  • Total Floors in Building: 2
  • Total Units in Building: 2

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Price History

Current
$1.6M
High
$1.8M
Low
$1.6M
Total Change
-9.5%
$1.8M$1.7M$1.6MJul 25Jan 26Apr 26
Date
Event
Price
Change
Price Per
04/21/2026
Price Reduced
$1.6M
-7.93%
$661 ft2
$7,110 m2
01/31/2026
Price Reduced
$1.8M
-1.67%
$717 ft2
$7,723 m2
07/04/2025
Listed
$1.8M
 
$730 ft2
$7,854 m2
04/21/2026
$1.6M
Event
Price Reduced
Change
-7.93%
Price Per
$661 ft2
$7,110 m2
01/31/2026
$1.8M
Event
Price Reduced
Change
-1.67%
Price Per
$717 ft2
$7,723 m2
07/04/2025
$1.8M
Event
Listed
Price Per
$730 ft2
$7,854 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Becky MulkaRoyal Shell Real Estate, Inc. • Buyer Agency Compensation .

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Scores

Walk Score®
Car-Dependent. Almost all errands require a car
0

100
Bike Score®
Bikeable. Some bike infrastructure
64

100
Sound Score®
Bearable noise
79

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
25

100
Local Score
Limited local amenities nearby
0

100
Community Snapshot
3 – 4 BR
Bedrooms
$1.2M – $1.7M
Price Tier
2,146 - 4,437
SqFt Range
1999
Year Build
2
Total Floors

Subdivision Amenities

Beach Access
Bike Storage
Cabana
Clubhouse
Community Boat Dock
Fishing Pier
Internet Access
None
Pickleball
Pool
See Remarks
Spa/Hot Tub
Storage
Tennis Court(s)
Barbecue
Beach Access
Pool

Sanibel
Mid-Tier
Mid-Tier Homes & Condos