601/38 Mahogany Drive, Pelican Waters, QLD 4551 | Property Value & History | OnTheHouse
FOR SALE

601/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 105m2
Land area: 125m2
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Property Details for 601/38 Mahogany Dr, Pelican Waters

601/38 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 125m2 and floor size of 105m2.This Property is currently listed for sale with Fulton and Co Property

Building Type
Unit
Year Built
2005
Floor Size
105m2
Land Size
125m2
Local Government
Sunshine Coast Regional
Lot/Plan
602/SP168156

Last Listing description (August 2026)

Fulton and Co Property is proud to represent the sale of 601/38 Mahogany Drive, Pelican Waters. Set on the sixth floor of Pelican Waters Resort, this two-bedroom apartment pairs a genuinely special outlook with spacious, low-maintenance living and everyday access to resort-style facilities more commonly reserved for a holiday. By day, the view stretches out over the treetops to passing ships and tankers on the horizon and by evening, it turns to the Glasshouse Mountains as the sky colours over for sunset, best enjoyed from the comfort of your own balcony.

Inside, the apartment has been designed for easy, comfortable living. The open-plan living and dining area flows out through sliding doors to a substantial covered balcony, the ideal vantage point for that evening sunset or simply enjoying a morning coffee above the treeline. The kitchen is well appointed with granite benchtops, a mosaic tile splash back, stainless steel Smeg appliances, and sits centrally to the living space, keeping the cook connected to family or guests.

Both bedrooms are a genuine, comfortable size. The main bedroom includes a walk-in robe and private ensuite, while the second bedroom has its own built-in robe and is serviced by the main bathroom, complete with a separate bath, frameless glass shower and stone-topped vanity. A separate internal laundry with linen storage adds everyday practicality, while plantation shutters, ceiling fans and ducted air conditioning throughout keep the apartment comfortable in every season.

Practical inclusions round out the package, with one secure car space and a separate lockable storage cage, both located within the resort's secure parking. The apartment is also offered fully furnished, giving buyers a genuine turn-key opportunity to move in or start enjoying the resort lifestyle from day one.

Beyond the front door, Pelican Waters Resort offers residents access to onsite managers,
two resort-style pools, a fully equipped gymnasium, tennis court, on-site restaurant and bar, cafe, and a resort hair lounge, all set against the backdrop of the Greg Norman-designed championship golf course. It is a lifestyle that suits owner-occupiers wanting genuine lock-up-and-leave convenience, downsizers after low-maintenance coastal living, or buyers who simply want resort facilities on their doorstep, without giving up the space and comfort of a full-sized home.

Located within the master-planned Pelican Waters estate and within easy reach of Caloundra's beaches, cafes and shopping, this is an opportunity to secure a well-proportioned apartment in one of the Sunshine Coast's most recognisable golf and resort communities.

Features You'll Love
*Elevated sixth-floor position with views to passing ships and tankers, and Glasshouse Mountains sunsets
*Offered fully furnished a genuine turn-key opportunity
*129m total including balcony, secure parking and storage
*Open-plan living and dining area
*Kitchen with granite benchtops, mosaic splashback and stainless steel appliances, including gas cooktop
*Main bedroom with walk-in robe and private ensuite
*Second bedroom with built-in robe
*Main bathroom with separate bath, frameless glass shower and stone vanity
*Expansive covered balcony
*Separate internal laundry with storage
*Plantation shutters throughout
*Ceiling fans and ducted air conditioning
*Secure car space plus separate lockable storage cage
*Resident access to two resort-style pools
*On-site management, gymnasium and tennis court
*On-site restaurant, bar and cafe
*Resort hair lounge on site
*Set on the Greg Norman-designed Pelican Waters Golf Course
*Minutes from Caloundra's beaches, shops and dining

Pelican Waters is one of the Sunshine Coast's most established master-planned communities, built around a canal estate, marina and the Greg Norman-designed Pelican Waters Golf Course. The area is within convenient reach of Golden Beach and Caloundra Beach, and offers its own local shopping centre with Coles and Woolworths, with the wider Caloundra town centre and Stockland Caloundra also close by for more extensive shopping, dining and everyday amenities. Families are well served by Caloundra City Private School within Pelican Waters itself, along with Golden Beach State School, Caloundra State High School and private options including Unity College and Caloundra Christian College. Sunshine Coast Airport is within comfortable driving distance, making this an easy base for regular travellers as well as those settling in for the long term.

Property History for 601/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$342,000
11 Jul 2016
Listed for Rent
$550/w
10 Sep 2008
  • 24 Jul 2026
    Listed for Sale Offers over $895,000
  • 03 Nov 2016
    Listed for Sale Not Disclosed
  • 11 Jul 2016
    Sold for $342,000
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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 3,826 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 47 properties listed for sale, and 8 properties listed for rent in Pelican waters on OnTheHouse. According to Cotality's data, 186 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.