407/38 Mahogany DrivePelican Waters QLD 4551
Property Details for 407/38 Mahogany Dr, Pelican Waters
407/38 Mahogany Dr, Pelican Waters is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 103m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (March 2023)
Situated on the fourth floor in the iconic Pelican Waters Resort this 1-bedroom apartment is an ideal investment opportunity.
Adjacent to the beautiful Pelican Waters Golf Club this is an ideal opportunity for investors to make use of the resorts strong tenancy along with enjoying themselves from time to time. The modern kitchen and living space open out onto a spacious south facing balcony. The apartment comes with a large separate bedroom, bathroom and separate laundry.
The complex features include two large swimming pools, two tennis courts, gymnasium, bar, restaurant and the neighbouring Signature Greg Norman design golf course.
Owner's instructions are it Must be SOLD!
FEATURES:
103 sqm
1 Full size bedroom
1 Bathroom
Full size kitchen
Separate Laundry
1 Car space
Air-conditioned
Spacious balcony
ADDITIONAL FEATURES:
Two tennis courts
Two swimming pools
Fully equipped gymnasium
Adjacent to iconic golf course
Restaurant & bar
Close to beaches
Contact Grant Barnett on 0410 573 114 or Dwight Ferguson on 0412 385 720 to arrange your inspection.
Property History for 407/38 Mahogany Dr, Pelican Waters, QLD 4551
- 07 Feb 2023Sold for $265,000
- 30 Nov 2022Listed for Sale $270,000
- 24 Aug 2022Listed for Sale $320,000 negotiable
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 3,794 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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