704/38 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 103m2.This Property is currently listed for sale with Ray White Caloundra
Embracing the unparalleled beauty of its picturesque surrounds, this sensational residential apartment is north-east facing on the 7th floor with two bedrooms, two bathrooms, and exclusive use of a secure car park and storage cage. This contemporary apartment presents with an immaculately crafted floor plan and is located adjacent to the Greg Norman designed Championship Golf Course, listed top ten in Queensland and Sunshine Coast No.1!
Positioned in Blue Chip Pelican Waters, this apartment has access to a large Resort Pool with a heated lap pool alongside, tennis courts, BBQ facilities, nail spa, hairdresser, alfresco terrace bar, restaurant and is just minutes to shops and Caloundra's most vibrant beaches and attractions.
Demonstrating an immediate sense of light and space, this superbly designed family oasis is blessed with a relaxed coastal ambiance that reflects its enviable elevated setting and mirrors the beauty of it's coastal backdrop.
Spaciously laid out this apartment is designed and finished with a remarkable dedication to style, space, quality and thoughtful attention to detail. The kitchen with its bespoke finishes comes complete with ample cabinetry and cupboard space. The dining and living areas are designed to seamlessly connect to the sun-drenched balcony which enjoys a glorious 160-degree panoramic vista that captures views North over the lake to Buderim and Caloundra's coastline, East to Bribie Island, the Shipping Channel, Moreton Island and West over the golf links.
A combination of luxury and livability perched on the 7th level, this beautifully crafted apartment boasts a spacious king sized master bedroom that comes complete with an East facing balcony, ensuite and built in robe, a 2nd king sized bedroom that comes complete with built in robes and uninterrupted lake views to the North. With dual zoned air conditioning, a remote self-closing vergola, independent laundry and secure underground parking with a caged storage area this apartment promises a prestigious coastal lifestyle, privacy and accessibility.
Additional buying criteria includes: -
Sensational views from every window and terrace
Dual zoned air conditioning
Ultra-contemporary, stylish, elegant and unparalleled comfort
Spaciously laid out, warm, stylish, progressive and welcoming
Flowing floor plan that delivers ideal living and dining spaces
Functional, opulent and contemporary kitchen with ample cabinetry
Two King sized bedrooms, master with spacious built in robe, ensuite and balcony
Independent laundry with ample cupboard and bench space
*Selected furniture could be included
No road noise
Lifts
Pet Friendly (upon Body Corp Approval)
Secure underground car parking space with caged storage area
First class amenities, in-ground swimming pools, gymnasium and BBQ areas;
Onsite Manager
Close proximity to the Sunshine Coast Health and University Precincts
Thirty-minute drive to the Sunshine Coast Hinterland and the Glass House Mountains
An hours drive to Brisbane including the Domestic and International Airports
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 3,867 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:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.