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For sale
    • Price cut: $101K (5/20)
    $1,799,000

    5435 Osprey CT, SANIBEL, FL 33957

    4beds
    3,266sqft
    : 
    $11,701/mo
    Get pre-qualified
    Single Family Residence
    Built in 1999
    0.62 Acres Lot
    $1,662,300 Zestimate®
    $551/sqft
    $568/mo HOA

    What's special

    Private composite dockFlexible fourth bedroomTwo additional guest suitesSaltwater pool and spaWaterfall-edge quartz islandWaterfront residenceSleek gloss cabinetry
    Set within the serene enclave of Heron’s Landing, this extraordinary waterfront residence is a masterclass in Prairie-style design—now offered at a strategic price point that represents the most compelling value on the bayou. Inspired by the clean lines and organic harmony of Frank Lloyd Wright, the home spans over 3,000 square feet of refined living space where architectural sophistication meets the raw beauty of Sanibel. Originally envisioned to invite the outdoors in, the main level features soaring ceilings and walls of glass that frame tranquil views of the lush mangroves. The heart of the home is a true chef’s kitchen, outfitted with a waterfall-edge quartz island, sleek gloss cabinetry, and top-tier Thermador appliances. Whether hosting a lavish evening or enjoying a quiet morning, the flow is effortless, aided by a private elevator serving all levels. The primary suite serves as a private sanctuary with dual walk-in closets and a spa-like soaking tub, while two additional guest suites and a flexible fourth bedroom ensure ample space for family or visitors. Outside, the lifestyle continues with a saltwater pool and spa set against the backdrop of Clam Bayou. From your private composite dock, launch a kayak or set off on your boat for an afternoon exploring the protected waters, with herons gliding across the mirror-still surface as your only neighbors. This is more than a home; it is a rare alignment of luxury, design, and aggressive pricing. Positioned as the most competitively priced waterfront estate of this caliber in the area, this is a definitive opportunity for the discerning buyer. Furnishings are negotiable, offering a seamless transition into the soul of Sanibel living.
    393 days
    |
    738
    |
    45
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Felipe Miranda, PA 239-994-9807,

    William Raveis Real Estate,

    Frank Procopio 239-206-6577,

    William Raveis Real Estate

    Source: SWFLMLS,MLS#: 225061045MLS LogoOriginating MLS: Naples

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Open Porch/Lanai, 4 Bed
      Bedroom
      • Features: Master BR Sitting Area, Master BR Upstairs
      Dining room
      • Features: Eat-in Kitchen
      Heating
      • Central
      Cooling
      • Central Air, Ridge Vent, Zoned
      Appliances
      • Included: Gas Cooktop, Dishwasher, Disposal, Dryer, Pot Filler, Range, Refrigerator/Freezer, Self Cleaning Oven, Washer
      • Laundry: Inside, Laundry Tub
      Features
      • Built-In Cabinets, Fireplace, Laundry Tub, Smoke Detectors, Wired for Sound, Volume Ceiling, Walk-In Closet(s), Laundry in Residence, Open Porch/Lanai
      • Flooring: Tile, Wood
      • Doors: Impact Resistant Doors
      • Windows: Skylight(s), Impact Resistant Windows, Storm Protection (Other)
      • Has fireplace: Yes
      Interior area
      • Total structure area: 4,090
      • Total interior livable area: 3,266 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 1
      • Patio & porch: Deck, Open Porch/Lanai
      • Exterior features: Dock, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Community, Pool/Spa Combo, In Ground, Concrete, Custom Upgrades, Equipment Stays
      • Has spa: Yes
      • Spa features: In Ground, Concrete, Equipment Stays, Pool Integrated
      • Has view: Yes
      • View description: Canal, Water
      • Has water view: Yes
      • Water view: Canal,Water
      • Waterfront features: Bay, Canal Front, Mangrove
      • Frontage type: Bay/Harbor
      Lot
      • Size: 0.62 Acres
      • Features: Cul-De-Sac, Dead End, Regular
      Details
      • Additional structures: Tennis Court(s)
      • Parcel number: 134621T200300.0020

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Frame, Stucco
      • Foundation: Pillar/Post/Pier
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1999

      Utilities & green energy

      • Gas: Propane
      • Water: Central

      Community & HOA

      Community
      • Features: Pool, Tennis Court(s), Gated
      • Security: Smoke Detector(s), Gated Community
      • Subdivision: HERONS LANDINGS I
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Access, Community Boat Dock, Pool, See Remarks, Tennis Court(s)
      • HOA fee: $6,812 annually
      Location
      • Region: Sanibel

      Financial & listing details

      • Price per square foot: $551/sqft
      • Tax assessed value: $1,821,568
      • Annual tax amount: $17,462
      • Date on market: 7/4/2025
      • Lease term: Buyer Finance/Cash

        Estimated market value

        $1,662,300

        $1.58M - $1.75M

        $7,493/mo

        Price history

        DateEventPrice
        5/20/2026Price change$1,799,000-5.3%$551/sqft
        Source: SWFLMLS #225061045 Report a problem
        3/16/2026Price change$1,899,999-5%$582/sqft
        Source: SWFLMLS #225061045 Report a problem
        12/5/2025Price change$2,000,000+0.5%$612/sqft
        Source: SWFLMLS #225061045 Report a problem
        11/16/2025Pending sale$1,990,000$609/sqft
        Source: SWFLMLS #225061045 Report a problem
        7/4/2025Price change$1,990,000-5.2%$609/sqft
        Source: SWFLMLS #225061045 Report a problem
        5/6/2025Price change$2,099,000-2.3%$643/sqft
        Source: Sanibel And Captiva Island AOR #2250087 Report a problem
        2/25/2025Price change$2,149,000-6.5%$658/sqft
        Source: SWFLMLS #225006100 Report a problem
        1/16/2025Listed for sale$2,299,000-9.8%$704/sqft
        Source: SWFLMLS #225006100 Report a problem
        9/13/2024Listing removed$2,550,000$781/sqft
        Source: SWFLMLS #224030343 Report a problem
        6/7/2024Price change$2,550,000-5.5%$781/sqft
        Source: Sanibel And Captiva Island AOR #2240343 Report a problem
        5/15/2024Price change$2,699,000-3.6%$826/sqft
        Source: Sanibel And Captiva Island AOR #2240343 Report a problem
        4/5/2024Listed for sale$2,800,000+154.5%$857/sqft
        Source: Sanibel And Captiva Island AOR #2240343 Report a problem
        12/15/2022Sold$1,100,000-54.2%$337/sqft
        Source: Florida Gulf Coast MLS #222013069 Report a problem
        11/2/2022Pending sale$2,400,000$735/sqft
        Source: Florida Gulf Coast MLS #222013069 Report a problem
        11/2/2022Listed for sale$2,400,000$735/sqft
        Source: Florida Gulf Coast MLS #222013069 Report a problem
        3/24/2022Pending sale$2,400,000$735/sqft
        Source: Sanibel And Captiva Island AOR #2220130 Report a problem
        3/3/2022Listed for sale$2,400,000$735/sqft
        Source: Sanibel And Captiva Island AOR #2220130 Report a problem
        2/25/2022Pending sale$2,400,000$735/sqft
        Source: Sanibel And Captiva Island AOR #2220130 Report a problem
        2/21/2022Listed for sale$2,400,000+1400.9%$735/sqft
        Source: Sanibel And Captiva Island AOR #2220130 Report a problem
        6/18/1997Sold$159,900$49/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$21,948 +25.7%$1,278,928 +10%
        2024$17,463 +71.4%$1,162,662 +79.6%
        2023$10,190 +1073.2%$647,475 -34.4%
        2022$869 +3.2%$986,435 +3%
        2021$842 +2%$957,704 +1.4%
        2020$825 +2.5%$944,481 -23.2%
        2019$805 $1,229,011 +35.6%
        2018$805 +2.2%$906,031 +2.1%
        2017$787 $887,396 -24.8%
        2016$787 +0.9%$1,179,932 +1.5%
        2015$780 +1.2%$1,162,525 -3.3%
        2014$771 +1.2%$1,201,727 +13.7%
        2013$762 +0.2%$1,056,568 +27.4%
        2012$761 -1.7%$829,497 -9.4%
        2011$774 -1.8%$915,958 +2.6%
        2010$788 +57.3%$893,134 -15.6%
        2009$501 +2156%$1,057,960 -2.8%
        2007$22 -9.8%$1,088,650 +7.5%
        2006$25 -99.8%$1,012,350 +56.4%
        2004$9,882 +1.6%$647,370 +0.7%
        2003$9,724 +0.5%$642,740 +21.2%
        2002$9,678 $530,350 +1.2%
        2000-- $523,820
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33957

        Getting around

        0 / 100
        Car-Dependent
        61 / 100
        Bikeable

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