416/38 Mahogany Drive, Pelican Waters, QLD 4551 sold on 14 July 2026 | OnTheHouse
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Sold on 14 Jul 2026 for $445,000

416/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 83m2
Land area: 103m2
Sold By
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Coronis Pelican Waters
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Property Details for 416/38 Mahogany Dr, Pelican Waters

416/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2006. The property has a land size of 103m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 2 bedroom Unit sold in Pelican Waters in the last 12 months.

Building Type
Unit
Year Built
2006
Floor Size
83m2
Land Size
103m2
Local Government
Sunshine Coast Regional
Lot/Plan
410/SP168156

Last Listing description (August 2026)

Unit 416 is positioned to impress, showcasing a superior level of presentation and ranking among the finest dual-key apartments currently available. Excellent long term growth potential, alongside the added benefit of personal use for up to three months per calendar year - perfect for long weekends, golf getaways or relaxing Sunshine Coast holidays. Both apartments are fully furnished and thoughtfully designed, each featuring private balconies over the pool and golf course, separate bathrooms and individual entrances.

Air-conditioning and built-in wardrobes are included in both spaces, ensuring comfort and convenience for guests year-round. The one-bedroom apartment offers a spacious layout with a dedicated lounge area, separate bedroom, bathroom/ensuite, its own laundry cupboard and private balcony. The adjoining studio apartment comprises an open-plan lounge and bedroom space, complete with its own bathroom and private balcony.


Ideally located just a short stroll to the renowned Pelican Waters Golf Course and Clubhouse, this property is perfectly suited to attract holidaymakers and golf enthusiasts alike - further enhancing its investment appeal. Residents and guests of the resort enjoy access to two swimming pools including a heated lap pool, BBQ facilities, tennis courts and beautifully maintained gardens. The resort also features an on-site gym, restaurant, sports bar and room service, delivering a true holiday experience. The location is second to none, with direct access to Pelican Waters Golf Club and within easy reach of Golden Beach, local shopping centres and dining options. High-quality dual-key apartments in this position are tightly held, making this an outstanding opportunity to secure a high-performing investment in a sought-after coastal destination.

• One-bedroom apartment plus separate studio
• Not residential - You cannot live in this dual key unit full time. You can use it up to 3 months per calendar year. Great for holidays, short breaks or family breaks.
• Fourth-floor position with elevated outlook
• Exceptional presentation
• one of the best dual-key apartments available
• Excellent long term growth potential with hotel pool income
• Contemporary open-plan design
• Resort-style complex with on-site management
• Sparkling heated lap pool, and additional children's pool
• Two tennis courts and gym access (membership required)
• Up to two parking spaces in communal areas
• *10 minutes to Caloundra CBD and local beaches
• *30 minutes to Sunshine Coast Airport & Sunshine Plaza
• *45 minutes to Noosa
• *1 hour 10 minutes to Brisbane Domestic & International Airports
*Approximately

Disclaimer: The agent has taken reasonable steps to verify the accuracy of the information contained in this marketing and advertising material. However, all information is provided as a guide only and should not be relied upon as a representation of fact.

Prospective buyers should make their own enquiries, conduct their own due diligence and seek independent advice to satisfy themselves as to the accuracy, condition, suitability and completeness of the information provided in relation to the property. To the extent there is any inconsistency between this marketing or advertising material and the Form 2 Seller Disclosure Statement for the property, the Form 2 Seller Disclosure Statement will prevail.

If this property is being sold by auction or without a price, a price guide cannot be provided. Any website or portal may have filtered the property into a price bracket for website functionality purposes only.

Some marketing images may contain virtual furniture, furniture staging, digital enhancements or AI-generated enhancements for illustrative purposes. Any such images are intended to assist with visual presentation only and may not reflect the actual property features, furnishings, condition, layout, size, views or presentation. Buyers should rely on their own inspections, enquiries and independent advice.

Property History for 416/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$445,000
14 Jul 2026
  • 14 Jul 2026
    Listed for Sale $460000.00
  • 14 Jul 2026
    Sold for $445,000
  • 27 Jul 2021
    Sold for $340,000
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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.