704/38 Mahogany DrivePelican Waters QLD 4551
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 De Jersey Estate Co
Last Listing description (September 2026)
De Jersey Estate Co proudly presents to the market 704/38 Mahogany Drive, Pelican Waters.
Perched high on the 7th floor and capturing an exceptional north-east aspect, this spacious two-bedroom apartment delivers panoramic water, coastline and golf course views in one of Pelican Waters' most impressive resort-style settings.
From the moment you enter, the outlook takes centre stage. Natural light fills the apartment, while expansive windows and outdoor living areas capture a remarkable 160-degree panorama stretching north across the lake towards Buderim and the Caloundra coastline, east towards Bribie Island, the Shipping Channel and Moreton Island, and west across the adjoining golf course.
Designed for relaxed coastal living, the generous open-plan kitchen, dining and living area flows effortlessly onto the main balcony, creating an impressive space to entertain, unwind and enjoy the ever-changing outlook.
The contemporary kitchen offers excellent bench space, ample cabinetry and storage, while the spacious floor plan provides genuine separation between the two king-sized bedrooms.
The master suite is a standout, featuring its own east-facing balcony, ensuite and built-in robe. The second bedroom also includes built-in robes and enjoys uninterrupted northern views across the lake.
Comfort is assured year-round with dual-zone air conditioning and a remote-controlled self-closing Vergola providing flexibility to the outdoor living space. An independent laundry, secure underground car space and dedicated storage cage add further practicality.
Positioned alongside the Greg Norman-designed Pelican Waters Golf Course, the complex offers an enviable resort lifestyle with an outstanding selection of facilities including swimming pools, heated lap pool, tennis courts, gymnasium, BBQ areas, restaurant, alfresco terrace bar, hairdresser and nail spa.
All of this is just minutes from Pelican Waters Shopping Village, the waterfront, Golden Beach and Caloundra's beaches, cafs, restaurants and everyday amenities.
What we love about the property:
Elevated 7th-floor position with prized north-east aspect
Spectacular 160-degree panoramic outlook
Water, coastline, island and golf course views
Two generous king-sized bedrooms with built-in robes
Master suite with ensuite and private east-facing balcony
Spacious open-plan living and dining areas
Contemporary kitchen with excellent cabinetry and storage
Large main balcony designed to maximise the incredible outlook
Remote-controlled self-closing Vergola
Dual-zone air conditioning
Separate internal laundry with bench and cupboard space
Secure underground car space
Dedicated storage cage
Peaceful position with no road noise
Lift access
Pet-friendly complex, subject to Body Corporate approval
Selected furniture may be available by negotiation
Resort swimming pool and heated lap pool
Gymnasium
Tennis courts
BBQ and entertaining areas
Restaurant and alfresco terrace bar
Hairdresser and nail spa
Onsite management
Offering space, privacy and an outlook that is difficult to replicate, Apartment 704 presents an outstanding opportunity for buyers seeking a permanent residence, coastal escape or lifestyle investment in the heart of Pelican Waters.
Golf at your doorstep, the coastline on the horizon and resort-style living every day this is Pelican Waters living from a very different perspective.
Year built 2005
Council rates - $2,655 approx. per annum
Body corporate fees - $10,768 approx. per annum
Sinking fund balance - $366,589 approx. (as of 31/03/2026
Insurance - $1,852 per annum
Rates - $1,508 approx. per annum
Should you need any additional information, please contact Sean Carter on 0405 975 975
Property History for 704/38 Mahogany Dr, Pelican Waters, QLD 4551
- 06 May 2026Listed for Sale Offers Above $995,000
- 20 Oct 2020Sold for $445,000
- 06 Oct 2020Listed for Sale Offers over $495,000
Recent sales nearby
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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 3,870 properties. Over the last 5 years, Houses in Pelican Waters have seen a 48.53% increase in median value, while Units have seen a 83.36% increase. As at 31 August 2026:
- The median value for Houses in Pelican Waters is $1,635,833 while the median value for Units is $1,166,828.
- Houses have a median rent of $995 while Units have a median rent of $815.
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