OFF MARKET

413/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 106m2
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Property Details for 413/38 Mahogany Dr, Pelican Waters

413/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit and was built in 2005. The property has a land size of 106m2.

Building Type
Unit
Year Built
2005
Land Size
106m2
Local Government
Sunshine Coast Regional

Last Listing description (May 2024)

The ultimate lifestyle property investment!

On offer is an amazing dual key (two separate units) North Facing apartment positioned with your balconies overlooking the spectacular Greg Norman designed Pelican Waters Golf course, one of Australia's top courses, and the beautiful lake surrounds.


This opportunity presents two potential income streams from the two separate but adjoining units. Both units are fully furnished with the quality package included in the sale of the property.

This investment is perfectly positioned in prime location in one of Australia's fastest growth areas, assuring you long term investment return, and growth benefits.

These unique properties consist of:

- A 1 bedroom self-contained studio style short stay unit
- A second conventional 1 bedroom hotel suite
- Separate private balconies for each unit
- Secure undercover parking
- High class onsite Resort facilities including pool, restaurant, bar, tennis court and gymnasium, beautifully landscaped gardens with BBQs available
- Substantial income returns
- The chance to capitalise on Pelican Waters' prestigious reputation and proven growth
- Located close by to many of the Sunshine Coasts top tourist drawcards
- Caloundra, where Pelican Waters Resort is located, was recently voted the No.1 Tourist town in Queensland, and 3rd in the National Top Tourism Town Awards
- Owner can use for up to 3 months per year
- Outstanding occupancy rate

Don't miss this incredible investment opportunity.


Contact Exclusive Marketing Agent Denise Ruhle on the number listed above for further details or inspection information.

Please note: This unit is for Temporary Holiday Letting Accommodation only and is not suitable for owner occupier buyers.

Disclaimer: Whilst every care has been taken in the preparation of this marketing, Stone Real Estate Golden Beach will not be held liable or responsible for any errors in information displayed. All parties should carry out their own enquiries.

Property History for 413/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
  • 20 Mar 2024
    Listed for Sale SOLD - $400,000

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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 3,713 properties. Over the last 5 years, Houses in Pelican Waters have seen a 89.71% increase in median value, while Units have seen a 84.42% increase. As at 31 August 2024:

  • The median value for Houses in Pelican Waters is $1,414,656 while the median value for Units is $880,518.
  • Houses have a median rent of $900 while Units have a median rent of $540.
There are currently 82 properties listed for sale, and 8 properties listed for rent in Pelican waters on OnTheHouse. According to CoreLogic's data, 219 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.