704/38 Mahogany Drive, Pelican Waters, QLD 4551 | Property Value & History | OnTheHouse
FOR SALE

704/38 Mahogany Drive
Pelican Waters QLD 4551

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 103m2
Land area: 148m2
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Property Details for 704/38 Mahogany Dr, Pelican Waters

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

Building Type
Unit
Year Built
2005
Floor Size
103m2
Land Size
148m2
Local Government
Sunshine Coast Regional
Lot/Plan
705/SP168156

Last Listing description (August 2026)

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

Property History for 704/38 Mahogany Dr, Pelican Waters, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$445,000
20 Oct 2020
Listed for Rent
$445/w
14 Apr 2014
  • 06 May 2026
    Listed for Sale Offers Above $995,000
  • 20 Oct 2020
    Sold for $445,000
  • 06 Oct 2020
    Listed for Sale Offers over $495,000
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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 3,867 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:

  • 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 48 properties listed for sale, and 5 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.