301/38 Mahogany DrivePelican Waters QLD 4551
Property Details for 301/38 Mahogany Dr, Pelican Waters
301/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit and was built in 2005. The property has a land size of 103m2.
Last Listing description (August 2026)
Inspection By Appointment
On offer in the highly sought-after Pelican Waters Resort is this beautifully presented dual-key property. Specifically structured for the lifestyle investor, this resort-zoned property offers the ideal balance of personal use and passive income. Under the resort zoning, owners can enjoy up to 3 months of personal holiday residency per year, leaving the remaining months to capitalize on the resort's high-demand short-term letting pool.
The dual-key configuration consists of two independent, side-by-side units on a single title. The first is a fully self-contained one-bedroom apartment featuring a kitchen, open living area, and a master suite with an ensuite and spa. The second is a spacious studio suite complete with twin queenbeds, its own ensuite, sitting area, and refreshment station. Both spaces feature large windows and generous private balconies designed to take full advantage of the views over the Pelican Waters golf course and surrounding native bushland.
Located less than 15 minutes' drive from a choice of local beaches, shops, and taverns, the resort offers premium, hands-off property management. On-site facilities are extensive, including a hair salon, nail spa, florist, fully equipped gymnasium, and an integrated restaurant and bar. The grounds feature a large resort pool and a heated lap pool, both positioned to overlook the golf course, waterways, and manicured tropical gardens.
Flexible Investment Structure: Zoned for short-term accommodation with up to 3 months of personal owner usage annually-perfect for a private holiday getaway.
Turn-Key Presentation: Both apartments are recently refurbished and come fully furnished with quality fixtures and fittings.
Outdoor Living: Large, private balconies capturing expansive golf course and bushland views.
Climate Control: Fully ducted air-conditioning throughout both units.
Security & Parking: Secure undercover accommodation for two vehicles with security-activated lift access.
Entertaining Areas: Well-maintained BBQ and outdoor entertaining spaces for residents and guests.
Resort Pools: Access to both the main resort pool and a dedicated heated lap pool.
Recreation: All-weather, floodlit tennis courts located on-site.
Currently managed by Pelican Waters Resort Management: offering a hands-off fully managed service.
Prime Location: Walking distance to the prestigious Pelican Waters Golf Course and restaurant.
An absolute must to inspect!
Property History for 301/38 Mahogany Dr, Pelican Waters, QLD 4551
- 17 Jun 2026Listed for Sale $530,000
Recent sales nearby
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About Pelican Waters 4551
The size of Pelican Waters is approximately 8.4 square kilometres. There are 15 parks, covering nearly 17.6% of the total area. The population of Pelican Waters in 2016 was 6277 people. By 2021 the population was 7393 showing a population growth of 17.8% 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 2021, 85.60% of the homes in Pelican Waters were owner-occupied compared with 82.70% in 2016.
Pelican Waters has 3,792 properties. Over the last 5 years, Houses in Pelican Waters have seen a 57.47% increase in median value, while Units have seen a 91.90% increase. As at 31 July 2026:
- The median value for Houses in Pelican Waters is $1,675,933 while the median value for Units is $1,172,139.
- Houses have a median rent of $990 while Units have a median rent of $750.
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