504/38 Mahogany DrivePelican Waters QLD 4551
Property Details for 504/38 Mahogany Dr, Pelican Waters
504/38 Mahogany Dr, Pelican Waters is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 148m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 2 bedroom Unit sold in Pelican Waters in the last 12 months.
Last Listing description (May 2026)
Positioned on the fifth floor of the sought-after Pelican Waters Resort, this spacious apartment offers an exceptional combination of lifestyle, comfort, and investment potential. Showcasing breathtaking north-facing views across the lake and the renowned Greg Normandesigned golf course, this residence captures natural light and coastal breezes throughout.
Designed for effortless living, the apartment features two generously sized bedrooms with built-in robes, including a master suite complete with a private balcony and ensuite. The open-plan living and dining areas flow seamlessly to the expansive outlook, creating the perfect space to relax or entertain while enjoying the tranquil surrounds shared with local wildlife and golfers alike.
At the heart of the home is a modern, centrally positioned kitchen featuring stone benchtops, quality appliances, and ample storage, ideal for both everyday living and hosting guests. Comfort is assured year-round with ducted air conditioning throughout.
Residents enjoy access to an impressive array of resort-style amenities, including two swimming pools, a tennis court, fully equipped gym, and beautifully maintained grounds. The on-site restaurant and bar provide the perfect setting for a relaxed evening without leaving home.
Additional features include secure underground parking and a prime location just minutes from Pelican Waters Shopping Centre, Golden Beach, coastal walking and cycling paths, and the vibrant Caloundra township.
Key Features:
- Spacious fifth-floor apartment with stunning north-facing views
- Overlooking lake and Greg Normandesigned golf course
- Two large bedrooms with built-in robes
- Master bedroom with ensuite and private balcony
- Modern kitchen with stone benchtops and ample storage
- Expansive open-plan living and dining areas
- Ducted air conditioning throughout
- Secure underground car parking
Resort Amenities:
- Two swimming pools
- Tennis court
- Fully equipped gym
- On-site restaurant and bar
- Beautifully landscaped grounds
Location Highlights:
- Minutes to Pelican Waters Shopping Centre
- Close to Golden Beach and coastal pathways
- Short drive to Caloundra CBD
An outstanding opportunity for both investors and lifestyle buyers, this impressive apartment delivers resort-style living in one of the Sunshine Coasts most desirable golf-side communities.
Property History for 504/38 Mahogany Dr, Pelican Waters, QLD 4551
- 07 May 2026Listed for Sale OFFERS OVER $895,000
- 24 Mar 2026Sold for $890,000
- 01 Apr 2021Sold for $440,000
Recent sales nearby
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0About 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.
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