OFF MARKET

332/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 103m2
Land area: 106m2
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Property Details for 332/38 Mahogany Dr, Pelican Waters

332/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 106m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
2005
Floor Size
103m2
Land Size
106m2
Local Government
Sunshine Coast Regional
Lot/Plan
318/SP168156

Last Listing description (December 2021)

This unit is now UNDER Contract - pending settlement!

This DUAL KEY unit within the Pelican Waters Resort, popular with Golfing enthusiasts as well a popular venue for Weddings, Formals and events. Built as two standalone one-bedroom apartments, the option to use for a Weekender, or put in to the holiday letting pool with on-site management.

The Pelican Waters Resort lifestyle is all about relaxing and unwinding with world class facilities including

Resort style pool and heated lap pool
Gymnasium, tennis courts and BBQ facilities
Hairdresser
Hotel Restaurant and Function centre

The Resort adjoins the Greg Norman designed Pelican Waters Golf Club which is currently undergoing major renovations to the clubhouse and grounds.

Located within a 10-minute drive to Caloundras world-famous beaches and easy access to the Bruce Highway. Pelican Waters Shopping Centre, Tavern, and Marina development are also just a few minutes drive.

There is an opportunity to realise two incomes from the whole Lot. This is a dual key apartment which enables the studio and motel type suite to be let out as one or separately.

Note this unit is ideal to enjoy as a Weekender or for holidays, or put in the onsite letting pool within the Complex. It is not able to be permanently rented to long term tenants or lived in permanently. Airbnb is not ideal for this complex.

- Kitchenette and laundry facilities
- One secure carpark
- Quality updated carpets and painted recently
- Close to shopping, Tavern and coastal life
- Walk to Pelican Waters Golf Club
- Potential for a rewarding return on investment

Motivated Owners - priced for a quick sale!

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Property History for 332/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$279,000
13 Nov 2021
  • 13 Nov 2021
    Sold for $279,000
  • 05 Nov 2021
    Listed for Sale $279,000
  • 26 Oct 2020
    Listed for Sale UNDER CONTRACT
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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 3,713 properties. Over the last 5 years, Houses in Pelican Waters have seen a 89.55% increase in median value, while Units have seen a 109.24% increase. As at 31 January 2025:

  • The median value for Houses in Pelican Waters is $1,449,269 while the median value for Units is $994,724.
  • Houses have a median rent of $900 while Units have a median rent of $665.
There are currently 45 properties listed for sale, and 5 properties listed for rent in Pelican waters on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in Pelican waters.

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