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.
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.
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:
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