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Sanibel Florida Herons Landing Condos for Sale

Naples Florida Real Estate

Herons Landing Sanibel Real Estate

Homes For Sale5$1.1M - $1.9M
Condos For Sale1$1.8M
Last updated at 6:57am 04/01/2026

$1,765,000
Decrease*
$30K

MLS# 225060952

5438 Shearwater Dr, Sanibel, FL 33957

Condos - 2,460 ft² / 4,144 ft² - 2 Car Garage

3 Bed / 3 Baths / 1 Half

Built 1990

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 close 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. 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.

PROPERTY DETAILS:

Community Name: Herons Landing
Community Type: Gated
Subdivision: Herons Landings I
Amenities: Beach Access, Pool, Spa/Hot Tub, Fishing Pier, Internet Access, Pickleball, Tennis Court(s)
Building Design: Two Story, Townhouse
Building Desc: 2 Story
Living Area: 2,460 ft²
Total Area: 4,144 ft²
View: Gulf, Mangroves
Waterfront Desc: Lagoon, Mangrove
Unit Floor: 5438
Total Floors: 2
Parking: 2 Assigned, Golf Cart, Attached
Garage Spaces: 2
Construction: Concrete Block, Stucco, Vinyl Siding
Roof: Built-Up, Shingle
Private Pool: Community
Private Spa: Community
Floor Description: Carpet, Tile
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
Pets: Yes
Units in Building: 2
On Site Since: 07/04/2025
Irrigation: Other
Water: Central
Equipment: Cooktop - Electric, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer, Wine Cooler
Floor Plan Type: 2 Story
Furnished Desc: Partially
Maintenance: Insurance, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Reserve, Sewer, Street Maintenance, Trash Removal, Water
Min Days of Lease: 28
Leases Per Year: 12
Rear Exposure: SW
Elementary School: School Of Choice
Middle School: School Of Choice
High School: School Of Choice
Restrictions: Architectural, Deeded
Acres: 0.071
Lot Desc: Cul-De-Sac
Lot Left: 80
Lot Right: 101
Lot Back: 31
Lot Frontage: 67
Master HOA Fee: $3,857 Quarterly
Transfer Fee: $500
Total Annual Recurring Fees: $15,428
Taxes: $10,584
Tax Year: 2024
Total One Time Fees: $500
Golf Type: No Golf Available

THIS PROPERTY IS COURTESY OF:

Portside Property Group

IMAGES:

LOCATION:

AREA SPECIALIST:


Oleg Mikhailov
Oleg Mikhailov

Area Specialist, REALTOR®
Broker Associate
GRI - Graduate Realtor Institute

Luxury of Naples Group at Premiere Plus Realty

Phone: (239) 280-1237

Websitehttps://www.realtyofnaples.com

Bio

Oleg Mikhailov has been a Naples resident since 1999 and is deeply familiar with the neighborhoods of Naples, Bonita Springs, and Marco Island. His extensive local knowledge allows him to expertly assist you in finding the perfect home for your family’s unique needs. With Oleg as your Real Estate Broker, you can trust that his dedication and expertise will make your experience seamless and enjoyable.

In addition to his real estate career, Oleg is an experienced engineer. This technical expertise enhances his ability to evaluate properties, providing valuable insights into a home’s structure and potential. His engineering background, combined with his work as a financial consultant for global real estate projects and business development programs, equips him with a rare skill set that ensures you’re getting the best advice and support in every transaction.

Outside of his professional career, Oleg was part of a professional auto racing team and has earned several international sports awards. His racing experience has honed his attention to detail and focus, qualities that translate directly to his work in real estate. His stress-free approach, paired with his guiding principle—a happy client is the most important thing—ensures that you’ll have a positive and rewarding experience.

Whether you’re buying or selling, Oleg Mikhailov is committed to making your real estate journey smooth, successful, and satisfying.

CONTACT / REQUEST APPOINTMENT:


In order to better assist our clients, we need to know as much as possible relating to: you, your situation, your needs, what you are looking for, and how we can best assist you. Please be as detailed as possible, for if you are vague, we may miss something - thus, not providing the best service possible. Your satisfaction is our top priority. By providing your phone number, you consent to receive communications, including but not limited to text messages and phone calls, from Luxury Of Naples Group regarding your inquiries, appointments, updates, or other services. Message and data rates may apply. You can opt-out at any time by replying STOP to any text message or contacting us.
Thank you! We look forward to the opportunity to earn your trust and your business.


Broker Reciprocity LogoThis property is courtesy of Portside Property Group.

*Just Listed: new properties that came on the market within the last 30 days.
*Decrease/Increase: listing values that are being recorded within the last 30 days.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.

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