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Waterfront Duplex with Elevator
For Sale
$1,725,000

5423 Shearwater Drive, Sanibel, FL 33957

Residential, Sanibel, FL

Property Size2,621 SF
Lot Size0.07 Acres
Price / SF$658.15
Days on Market268

Property Features for 5423 Shearwater Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 3, Bedroom 1, Dining Room, Bathroom 2, Bedroom 2, Bathroom 1
Parking features Driveway, Underground/Basement, Open, Garage
Patio and Porch features Porch
Pets allowed Yes
Interior features BreakfastBar, DualSinks, EntranceFoyer, HighCeilings, LivingDiningRoom, ShowerOnly, SeparateShower
Appliances Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
Subdivision HERONS LANDINGS II
Lot features Cul De Sac
View Water
Directions USE GPS
Standard status Active
APN 13-46-21-T2-00400.E0A0
Size 2,621 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HERONS LANDING PHASE II PB 44 PGS 6 + 7 TRACT E UNIT A
Tax Annual Amount 24365
HOA Fee $3,794 Annually
Legal Description HERONS LANDING PHASE II PB 44 PGS 6 + 7 TRACT E UNIT A

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Ceiling Fan(s), Electric
Water source Public
Water front 1

Amenities

screened lanai
open sun porch

Building Details

Year built 2002
Floors in Building 2
Flooring type Tile, Wood, Carpet
Building materials Stucco, VinylSiding
Roof type Metal, Built-Up, Flat
Architectural style Other
Listing Agency: Pfeifer Realty Group LLC
Listed By: Jennifer McSorley · License #258010375
Added: Jan 3 Changed: Sep 14 Last Checked: Sep 28 at 10:06AM
MLS# 2026000168

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-bedroom duplex property spans 2,621 square feet across three levels and was built in 2002. The interior includes a vaulted living room, kitchen with breakfast bar, dining area, three bathrooms, wood, carpet, and tile flooring, plus abundant windows oriented toward the Gulf and Clam Bayou. A screened lanai and open porch extend the living areas, while an elevator connects the enclosed garage to the upper-level primary suite.

The property sits on a 0.074-acre lot in Sanibel, with public water and public sewer service. Central air, electric heating, ceiling fans, a metal and built-up roof, and garage, driveway, open, and underground parking features are included. Appliances include a range, refrigerator, dishwasher, disposal, microwave, washer, and dryer. Furnishings and completed interior finishes convey a turnkey presentation.

Key Highlights

  • 2,621‑square‑foot duplex property built in 2002
  • Three‑level layout with elevator service from enclosed garage to primary suite
  • Views of the Gulf and Clam Bayou

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Travel Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

38
Businesses Nearby

Demographics for 33957, FL

6,382
Population
8,525
Households
0.7
Avg Household Size
68
Median Age
62%
College-Educated
99%
High-School Grad
16.2 sq mi
ZIP Area
394
Density / Sq Mi
$122,730
Median Household Income
$44,840
Median Earnings
$747
Median Rent
$912,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Three-level property with Gulf and Clam Bayou views, screened outdoor living, and an enclosed garage.
Where is this duplex located?
The property is located at 5423 Shearwater Drive Sanibel, FL.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 2,621‑square‑foot duplex property built in 2002; Three‑level layout with elevator service from enclosed garage to primary suite; Views of the Gulf and Clam Bayou
More about this property
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