FOR SALE
Offers Over $1,250,000

802/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Seeing Is Believing

This magnificent 3 bedroom, 2 ½ bathroom sub-penthouse apartment with its 270-degree uninterrupted views over Pelican Waters, the ocean, the hinterland and Glass House Mountains, offers an astute buyer the opportunity to acquire a prestigious property with a 212sqm entertaining deck accessible from every room.
The recently renovated interior showcases open-plan living and dining at its best, with its centrally located modern kitchen and new appliances.
The large roof garden deck is an entertainers dream and has had many diverse uses over the years including wedding receptions and book launches.
In addition to the very best in living, the apartment provides the owner access to the best of resort living with its grand entry, impressive reception area, two large swimming pools (the lap pool is heated) gym (membership required) and 2 tennis courts. The ground floor restaurant offers a lazy breakfast if required and Thai cuisine for lunch or dinner.
The Resort security allows one to just lock-up and take a long holiday and also offers the opportunity to have the apartment rented through the Centre Management.
Features:
- The vast 212sqm elevated private terrace with 270-degree breathtaking views
- Spacious open-plan design for living, dining and entertaining
- Expansive master suite, spacious ensuite with walk-in wardrobe
- Spacious second and third bedrooms with direct access to the terrace roof deck
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Property Details for 802/38 Mahogany Dr, Pelican Waters

802/38 Mahogany Dr, Pelican Waters is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The place is currently for sale with Coronis Inner South.

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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 3,719 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 67 properties listed for sale, and 10 properties listed for rent in Pelican waters on OnTheHouse. According to CoreLogic's data, 208 properties were sold in the past 12 months in Pelican waters.

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Louis D'Espagnac
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Kathy D'Espagnac
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Coronis Inner South
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