FOR SALE
$429,000

328/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 123m2
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DUAL KEY APARTMENT - STRONG INVESTMENT & HOLIDAY OPPORTUNITIES!

328/329 38 MAHOGANY DRIVE PELICAN WATERS
This highly sought after, end of building dual key apartment offering three balconies provides you with a beautiful one bedroom, one bathroom unit plus a separate fully self-contained unit room with internal access. The ultimate property in an iconic position with a myriad of lifestyle holiday and income options at Pelican Waters Resort overlooking the Pelican Waters Golf Club.
Ideal for those looking for an excellent investment opportunity that will provide you with strong returns and the benefit of some holiday fun whilst generating extra income. It doesn't matter how you look at it, we know you will love generating a solid income and holidaying here.
• Fully furnished one bedroom unit plus a separate motel room
• Contemporary design featuring open plan living
• Well maintained resort style complex with on-site management
• Three balconies overlooking the golf course
• Sparkling heated inground lap pool plus children's pool
• 2 Tennis Courts - access to the gymnasium by membership
• Secure car spaces and close to public transport
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Property Details for 328/38 Mahogany Dr, Pelican Waters

328/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a floor size of 123m2. The place is currently for sale with Ray White Caloundra.

Building Type
House
Floor Size
123m2

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About Pelican Waters 4551

The size of Pelican Waters is approximately 8.4 square kilometres. It has 15 parks covering nearly 17.6% of total area. The population of Pelican Waters in 2011 was 5,046 people. By 2016 the population was 6,278 showing a population growth of 24.4% in the area during that time. The predominant age group in Pelican Waters is 60-69 years. Households in Pelican Waters are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pelican Waters work in a professional occupation. In 2011, 82.2% of the homes in Pelican Waters were owner-occupied compared with 82.7% in 2016.

Pelican Waters has 3,718 properties. Over the last 5 years, Houses in Pelican Waters have seen a 84.64% increase in median value, while Units have seen a 95.38% increase. As at 30 November 2024:

  • The median value for Houses in Pelican Waters is $1,428,874 while the median value for Units is $927,476.
  • Houses have a median rent of $900 while Units have a median rent of $540.
There are currently 69 properties listed for sale, and 9 properties listed for rent in Pelican waters on OnTheHouse. According to CoreLogic's data, 210 properties were sold in the past 12 months in Pelican waters.

Suburb Insights for Pelican Waters 4551

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Ray White Caloundra
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.