For sale Townhouse

Listed Jun 26, 2025

$1,499,000 Est. $9,915/mo

5438 Shearwater Drive

  • 3

    Beds

  • 4

    Baths

  • 2,460

    Sq ft

The story

  • Pool
  • Waterfront

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.

Facts & features

Home type

Townhouse

Year built

1990

Floors

2

Price per sq ft

$609

HOA

$3,857 / quarterly

Parking

2-car garage

Included features

  • Pool

    Yes

  • Cooling

    Central Air, Ceiling Fans, Electric

  • Heating

    Central, Electric

  • Appliances

    Built In Oven, Dryer, Dishwasher, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Refrigerator With Ice Maker, Self Cleaning Oven, Wine Cooler, Washer

  • Flooring

    Carpet, Tile

  • Roof

    Built Up, Flat, Shingle

  • Lot Information

    Cul De Sac, Dead End

  • Exterior

    Deck, Security High Impact Doors, Patio, Shutters Electric, Shutters Manual

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$9,915 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,978
  • Property tax $1,499
  • Insurance $437

Includes principal, interest, taxes & insurance.

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Listing Broker

Royal Shell Real Estate, Inc.

Broker Name

Royal Shell Real Estate, Inc.

Agent

Becky Mulka