ActiveMLS# f65f7972dd9357c629116cf7e0d7b3c0502 days on market
$1,499,000
$609 / sq ft
5438 Shearwater DR
SANIBEL, FL, 33957
3Bedrooms
3.5Bathrooms
2,460Sq Ft
1990Year Built
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About This Property

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.

Key Features

  • 0.071 Acres Lot
  • Built in 1990

Property Details

  • Type: Single Family Home
  • Year Built: 1990
  • Lot Size: 0.071 sq ft
  • Sq Ft: 2,460
  • Price / Sq Ft: $609
  • HOA: Contact Agent
  • Bedrooms: 3
  • Bathrooms: 3.5
  • Feature: 0.071 Acres Lot
  • Feature: Built in 1990
  • Status: Active
  • MLS Number: f65f7972dd9357c629116cf7e0d7b3c0
  • Days on Market: 502
  • Listed By: Royal Shell Real Estate, Inc. · Becky Mulka
  • Zip Code: 33957
Listing information © 2026 Miami MLS. Information deemed reliable but not guaranteed. This listing is represented by TruDeals Realty at 0.5% seller commission. Buyer's agent commission is separate and negotiable.
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$1,499,0005438 Shearwater DR, SANIBEL, FL
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