324/38 Mahogany Drive, Pelican Waters, QLD 4551 | Property Value & History | OnTheHouse
OFF MARKET

324/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 103m2
Land area: 103m2
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Property Details for 324/38 Mahogany Dr, Pelican Waters

324/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 103m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
Unit
Year Built
2006
Floor Size
103m2
Land Size
103m2
Local Government
Sunshine Coast Regional
Lot/Plan
314/SP168156

Last Listing description (April 2022)

Caloundra City Realty is delighted to present dual key units 324 & 325 Pelican Waters Resort, Mahogany Drive, to the market!

You won't be disappointed with the views - the verandahs of these dual keys units overlooking the redesigned 18-Hole world class Greg Norman Golf Course is an outlook that won't be surpassed!

The perfectly positioned north facing units offer a fantastic investment opportunity to clients and holiday makers alike. Whether you want to indulge in a long holiday stay or a short romantic retreat style getaway, Pelican Waters Resort has absolutely everything you could ever want. At nearly a 0% vacancy rate for these units, they can be a solid investment with a high return for not only a holiday let but also for a quick getaway for business trip or the avid golfer.

Features of the resort with world class facilities include:
- Redesigned 18-Hole Golf Course and upgraded Club House due for completion in September 2022
- Day Spa & Hairdresser
- Sparkling resort, pool & heated lap pool
- Gymnasium
- Tennis court
- Restaurant & sports bar complete with pool-side dining, overlooking the golf course
- Functions room, wedding venue and entertaining areas for your family and friends

There is nothing that they haven't thought of to maximise the space in these immaculate units. You or your guests will enjoy the only dual keys units to have 2 x king size beds and an extra fully council approved kitchenette with extra dishwasher.

Features that we love include:
- Filtered water
- 1 x full sized fridge
- Stand alone extra cabinetry /storage
- Separate shower as well as spa bath
Along with it being fully furnished, both units comprise of:
- 2 x bathrooms
- 2 x king size bedrooms
- 2 x living areas
- 2 x verandahs
- Fully ducted A/C throughout
- Security activated lifts and undercover car accommodation

A significant feature of the view that you have from the verandah will be a new signature 17th hole which has the green located on a proposed island over the water. This will enhance course experience and improve views from the existing residents to the southeast.
The amazing panoramic views from the 3rd level of the Resort will leave you breathless.

Location is everything with these units - 60 minutes drive to Brisbane International Airport & 25 minutes drive to the Sunshine Coast airport, a 15 minute drive to your choice of outstanding surf beaches, the Pumicstone Passage & Kings Beach Headland & a mere 10 minutes to Caloundra main street! Enjoy the numerous walk ways and pathways and direct road through from the Resort to Diamond Head and Golden Beach, where there is boat ramps & parks along the esplanade.

Viewings by private appointment only. Please contact our office to arrange your inspection today!

Disclaimer:
During the COVID-19 pandemic we are taking additional steps to make sure everyone can stay healthy and safe when inspecting properties. We ask that you don't attend any of our open homes or private inspections if you:
1. are suffering from flu-like symptoms or are unwell,
2. have been in contact with a case of COVID-19 (coronavirus),

Property History for 324/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$335,000
19 Mar 2022
  • 19 Mar 2022
    Sold for $335,000
  • 21 Jan 2022
    Listed for Sale $349,000
  • 22 Jan 2021
    Listed for Sale Presenting Offers!
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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.
There are currently 38 properties listed for sale, and 5 properties listed for rent in Pelican waters on OnTheHouse. According to Cotality's data, 197 properties were sold in the past 12 months in Pelican waters.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.