OFF MARKET

217/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 103m2
Land area: 88m2
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Property Details for 217/38 Mahogany Dr, Pelican Waters

217/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 88m2 and floor size of 103m2.

Building Type
Unit
Year Built
2005
Floor Size
103m2
Land Size
88m2
Local Government
Sunshine Coast Regional

Last Listing description (May 2024)

Yianni Mooney Property proudly presents to the market 216 & 217 / 38 Mahogany Drive, Pelican Waters.

Are you looking for a premium Sunshine Coast investment?

Do you want a solid return on investment?

Look no further.

Ideally located in the highly sought after Pelican Waters Resort on the southern end of the Sunshine Coast, is this quality dual holiday self-contained rental investment, offering two well-appointed bedrooms, two stylish bathrooms and spa bath.

This dual key apartment within the Pelican Waters Resort, a sought after holiday destination with Golfing enthusiasts and a popular venue for weddings, formals and events, has been built as two standalone one-bedroom apartments - with on-site management. The resort adjoins world class Greg Norman designed Pelican Waters Golf Club, a highly frequented golf course by many celebrities.

One apartment is fully self-contained unit with kitchen, bathroom and bedroom. The second apartment is a studio style unit with bathroom. Both units are equipped with ducted air-conditioning with quality flooring and furnishings.

Conveniently overlooking the resort style pool and the golf driving range - the Pelican Waters Resort lifestyle is all about relaxing and unwinding with world class facilities.

There is an opportunity to realise two incomes from the whole footprint. This is a dual key apartment which enables the studio and motel type suite to be let out as one or separately. Dual key conversion provides year-round consistently strong holiday rental returns.

Boasting modern interiors and fully furnished overlooking the golf course, this presents as astute buying for any savvy investor. With the current high demand for accommodation, the flexibility creates multiple investment options with resort management, allowing for owners to reserve time for their private use and holiday let on a short-term basis.

The complex features a lagoon style swimming pool as well as a heated lap pool, in-house restaurant, bar, cafe, tennis court, gymnasium and generous event facilities all surrounded by beautiful tropical gardens. Two underground car parks are available.

This two bedroom dual key unit features in a "golfers paradise" is perfectly located within a 10-minute drive to Caloundra´s world-famous beaches and easy access to the Bruce Highway. Pelican Waters Shopping Centre, Tavern, and Marina development are moments away.

Just a short drive takes you to beautiful beaches and to Caloundra CBD.

The Pelican Waters Resort solid tenancy provides great returns and the opportunity for the owners to use from time to time when visiting the Sunshine Coast - a great long term investment opportunity.

Don't hesitate - the time to invest is now.

What we love about the property:
- Premium Sunshine Coast location
- Well presented - dual key apartment
- Two bedrooms, two bathrooms, two car spaces
- Galley style kitchen
- Quality flooring throughout
- Resort style pool and heated lap pool
- Both large balconies overlook Golf Course and pool
- Internal laundry with tub, washing machine and clothes dryer
- Gymnasium, tennis courts, BBQ facilities
- Hotel restaurant, function centre, hairdresser
- Suit investor - solid holiday rental returns
- Solid addition to any property portfolio
- Close to shopping, Tavern and coastal life
- 15 minutes* to the Sunshine Coast University Hospital
- 25 minutes* to the Sunshine Coast Airport
- 60 minutes* to Brisbane International Airport

Should you require any further information, please call Yianni on 0420 300 977

*approximately

DISCLAIMER: Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.

Property History for 217/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
  • 01 Sep 2023
    Listed for Sale Offers Over $349,000
  • 14 Dec 2021
    Listed for Sale Offers Over $365,000
  • 28 Oct 2019
    Listed for Sale Offers Over $365,000
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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 3,711 properties. Over the last 5 years, Houses in Pelican Waters have seen a 81.45% increase in median value, while Units have seen a 84.44% increase. As at 31 October 2024:

  • The median value for Houses in Pelican Waters is $1,402,089 while the median value for Units is $896,684.
  • Houses have a median rent of $900 while Units have a median rent of $540.
There are currently 78 properties listed for sale, and 8 properties listed for rent in Pelican waters on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Pelican waters.

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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.