The Sharks, cellar dwellers last year, beat Maroochydore 40-20 in front of a vocal crowd to finish a remarkable revival this season.
The scores were locked at 16-apiece at half time before Caloundra scored three tries in eight minutes to snare its third premiership and its first since 2009.
Sharks halfback Justin Otto and hooker Chris Ainsworth were joint Mal Meninga Medal recipients after their strong displays.
For the Swans, it was a tough way to end a promising campaign.
The Wises Road men were looking to provide the club with its first title since 2000.
Written by Steele Taylor
Sunshine Coast Daily