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For sale
    • $1,625,000

    5438 Shearwater Dr, Sanibel, FL 33957

    3beds
    2,460sqft
    : 
    $11,342/mo
    Get pre-qualified
    Duplex
    Built in 1990
    -- sqft lot
    $1,448,700 Zestimate®
    $661/sqft
    $1,286/mo HOA

    What's special

    Expansive luxury residenceGated shearwater communityFishing pierHigh ceilingsKayak launch areaThoughtfully designed interiorsGenerous living spaces
    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.
    419 days
    |
    192
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Becky A Mulka 239-887-0855,

    Royal Shell Real Estate, Inc.

    Source: Sanibel And Captiva Island AOR,MLS#: 2250742MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Den, Dining Room, Family Room, Kitchen, Laundry, Living Room, Office, Workshop
      Primary bedroom
      • Features: Porch, Tile
      • Level: Second
      Primary bathroom
      • Features: Double Vanity, Sep. Shower, Sep. Tub, Tile
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Cooktop, Dishwasher, Disposal, Internet Ready, Microwave, Electric Range, Refrigerator-Ice maker, Washer/Dryer Stacked, Electric Oven, Water Heater, Wine Cooler
      • Laundry: Laundry Room, Sink
      Features
      • Elevator Private, Pantry, Storage, High Ceilings, Tray Ceiling(s), Vaulted Ceiling(s), Elevator
      • Flooring: Carpet, Luxury Vinyl, Tile
      • Doors: French Doors, Shutters Electric, Sliding Doors, Impact Resistant Doors, Wind Rated Garage Door, Storm Door(s)
      • Windows: Bay Window(s), Double Hung, Impact Resistant Windows, Shutters Electric, Shutters Manual, Skylight(s), Storm Window(s)
      • Has fireplace: No
      Interior area
      • Total structure area: 5,272
      • Total interior livable area: 2,460 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: 2+ Carport, Golf Cart Garage
      • Has carport: Yes
      Accessibility
      • Accessibility features: Accessible Elevator Installed
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio, Screened, Deck, Porch
      • Pool features: In Ground, Pool Bath
      • Spa features: Heated
      • Has view: Yes
      • View description: Bayou, Part Gulf View
      • Has water view: Yes
      • Water view: Bayou,Part Gulf View
      • Waterfront features: Bayou, Mangroves, Beach Access, Gulf
      Lot
      • Size: 3,049 Square Feet
      • Features: Cul-De-Sac, Other, See Remarks, Irregular Lot
      Details
      • Parcel number: 134621T200400E0F0

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Block, Hard-l-Board, Stucco, Trim Wood
      • Foundation: Raised, Piling Concrete
      • Roof: Fiberglass
      Condition
      • Year built: 1990

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Boat Docks, Deeded Beach Access, Gated, Hot Tub/Whirlpool, Pickleball, Pool, Community Dock
      • Security: Security System, Smoke Detector(s)
      • Subdivision: Herons Landing II
      HOA
      • Has HOA: Yes
      • HOA fee: $3,857 quarterly
      • HOA phone: 239-454-1101
      Location
      • Region: Sanibel

      Financial & listing details

      • Price per square foot: $661/sqft
      • Tax assessed value: $1,650,591
      • Annual tax amount: $10,584
      • Date on market: 6/27/2025
      • Cumulative days on market: 689 days
      • Listing terms: BTF/Cash,FHA/VA
      • Lease term: Month To Month

        Estimated market value

        $1,448,700

        $1.38M - $1.52M

        $5,237/mo

        Price history

        DateEventPrice
        4/21/2026Price change$1,625,000-7.9%$661/sqft
        Source: Sanibel And Captiva Island AOR #2250742 Report a problem
        1/31/2026Price change$1,765,000-1.7%$717/sqft
        Source: Sanibel And Captiva Island AOR #2250742 Report a problem
        9/1/2024Listed for sale$1,795,000$730/sqft
        Source: Sanibel And Captiva Island AOR #2240613 Report a problem
        8/1/2024Listing removed--
        Source: Sanibel And Captiva Island AOR #2240446 Report a problem
        5/28/2024Listed for sale$1,795,000+124.4%$730/sqft
        Source: Sanibel And Captiva Island AOR #2240446 Report a problem
        7/16/2008Sold$800,000+77.8%$325/sqft
        Source: Public Record Report a problem
        2/4/1997Sold$450,000$183/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,862 +2.6%$737,941 +2.9%
        2024$10,584 +2.7%$717,144 +3%
        2023$10,309 +7.1%$696,256 +3%
        2022$9,623 -0.7%$675,977 +3%
        2021$9,689 +0.4%$656,288 +1.4%
        2020$9,649 +1.7%$647,227 -7.6%
        2019$9,490 $700,099 +12.8%
        2018$9,490 -0.1%$620,878 +2.1%
        2017$9,496 0%$608,108 -11.9%
        2016$9,498 +0.4%$689,880 -5.6%
        2015$9,458 -1.7%$730,608 +6.7%
        2014$9,625 -0.1%$684,876 +9.1%
        2013$9,637 +1.5%$627,973 +5.2%
        2012$9,494 +1.4%$597,206 -4.1%
        2011$9,360 -0.9%$622,522 -5.8%
        2010$9,447 -21.2%$660,657 -5.5%
        2009$11,990 +95.1%$699,160 -20.3%
        2007$6,147 -2.7%$876,870 +23.6%
        2006$6,318 -5.2%$709,600 +14.9%
        2004$6,662 +1.6%$617,530 +6.1%
        2003$6,556 +0.5%$582,250 +6.4%
        2002$6,521 $547,390 +57.2%
        2000-- $348,290
        Find assessor info on the county website

        Monthly payment

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        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.
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        Climate risks

        Neighborhood: 33957

        Getting around

        0 / 100
        Car-Dependent
        57 / 100
        Bikeable

        Nearby schools

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