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






3
Beds31/2
Baths2,460
SqFt$609
$/SqFtMid-Tier TownhouseProperty Type
1990Year Built
$609/SqFtPrice per sq ft
2 carsParking Spaces
Gulf, MangrovesView
YesWaterfront
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.
Listing Courtesy Of: Royal Shell Real Estate, Inc.
Local Realty Services Provided By: Best of Luxury Realty
Updated: 0 Days agoPage Views: 0
Features
MLS Number: 225060952
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
Apples-to-Apples Comparables
Price History
Current
$1.5M
High
$1.8M
Low
$1.5M
Total Change
-16.5%Date
Event
Price
Change
Price Per
09/25/2026
Price Reduced
$1.5M
-7.75%$609 ft2
$6,559 m2
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
09/25/2026
$1.5M
Event
Price Reduced
Change
-7.75%Price Per
$609 ft2
$6,559 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 Mulka • Royal Shell Real Estate, Inc. • Buyer Agency Compensation .
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Community Snapshot
3 – 4 BR
Bedrooms
$999K – $1.5M
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
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