328/38 Mahogany Drive, Pelican Waters, QLD 4551 sold on 10 January 2025 | OnTheHouse
 
SOLD
Sold on 10 Jan 2025 - Price Unavailable

328/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 123m2
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Property Details for 328/38 Mahogany Dr, Pelican Waters

328/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 2 bedroom House sold in Pelican Waters in the last 12 months.

Building Type
House
Floor Size
123m2

Last Listing description (January 2025)

OFFER PENDING

328/329 38 MAHOGANY DRIVE PELICAN WATERS

This highly sought after, end of building dual key investment apartment offering three balconies provides you with a beautiful one bedroom, one bathroom unit plus a separate fully self-contained unit room with internal access. The ultimate property in an iconic position with a myriad of lifestyle holiday and income options at Pelican Waters Resort overlooking the Pelican Waters Golf Club.

Ideal for those looking for an excellent investment opportunity that will provide you with strong returns and the benefit of some holiday fun whilst generating extra income. It doesn't matter how you look at it, we know you will love generating a solid income and holidaying here.

• Fully furnished one bedroom unit plus a separate motel room
• Contemporary design featuring open plan living
• Well maintained resort style complex with on-site management
• Three balconies overlooking the golf course
• Sparkling heated inground lap pool plus children's pool
• 2 Tennis Courts - access to the gymnasium by membership
• Secure car spaces and close to public transport
• 10 minutes to the Caloundra CBD & local beaches
• 20 minutes to Sunshine Coast Airport

The resort offers two refreshing swimming pools as well as a heated lap pool, a barbecue area and lush gardens. The location is paramount with direct access to Pelican Waters Golf Club, within easy walking distance to Golden Beach shops, shopping centres and Tavern.

Dual key apartments rarely become available to the market, contact Thomas Garland today to arrange a private inspection between holiday bookings.

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Property History for 328/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
Last Sold
10 Jan 2025
  • 28 Dec 2024
    Sold for $396,000
  • 17 Dec 2024
    Listed for Sale $429,000
  • 29 Apr 2023
    Sold for $345,000
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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 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 3,787 properties. Over the last 5 years, Houses in Pelican Waters have seen a 88.91% increase in median value, while Units have seen a 93.94% increase. As at 30 November 2025:

  • The median value for Houses in Pelican Waters is $1,576,295 while the median value for Units is $1,034,331.
  • Houses have a median rent of $920 while Units have a median rent of $663.
There are currently 22 properties listed for sale, and 10 properties listed for rent in Pelican waters on OnTheHouse. According to Cotality's data, 230 properties were sold in the past 12 months in Pelican waters.

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Thomas Garland
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Ray White Caloundra
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