Back 332/38 Mahogany Drive
Off Market

332/38 Mahogany Drive

Pelican Waters QLD 4551

2
2
1
Unit
Last sold for $279,000
Petals WaitePetals Waite, last sold this property on 14 November 2021 after 9 days on market.

Overview

UNDER OFFER - Pelican's best value holiday unit in Luxury Resort

This unit is now UNDER Contract - pending settlement! This DUAL KEY unit within the Pelican Waters Resort, popular with Golfing enthusiasts as well a popular venue for Weddings, Formals and events. Built as two standalone one-bedroom apartments, the option to use for a Weekender, or put in to the holiday letting pool with on-site management. The Pelican Waters Resort lifestyle is all about relaxing and unwinding with world class facilities including Resort style pool and heated lap pool Gymnasium, tennis courts and BBQ facilities Hairdresser Hotel Restaurant and Function centre The Resort adjoins the Greg Norman designed Pelican Waters Golf Club which is currently undergoing major renovations to the clubhouse and grounds. Located within a 10-minute drive to Caloundra´s world-famous beaches and easy access to the Bruce Highway. Pelican Waters Shopping Centre, Tavern, and Marina development are also just a few minutes´ drive. There is an opportunity to realise two incomes from the whole Lot. This is a dual key apartment which enables the studio and motel type suite to be let out as one or separately. Note this unit is ideal to enjoy as a Weekender or for holidays, or put in the onsite letting pool within the Complex. It is not able to be permanently rented to long term tenants or lived in permanently. Airbnb is not ideal for this complex. - Kitchenette and laundry facilities - One secure carpark - Quality updated carpets and painted recently - Close to shopping, Tavern and coastal life - Walk to Pelican Waters Golf Club - Potential for a rewarding return on investment Motivated Owners - priced for a quick sale!

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Pelican Waters over the last 12 months, the estimated median property value of 332/38 Mahogany Drive is $861.5k.

Median value
$861.5k
Estimated value range
$425k - $950k
Median days on market
42
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Pelican Waters. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 332/38 Mahogany Drive

2021
Sold
$279,000
14 Nov 2021 by Petals Waite, of Freedom Property.com.au

Happy sellers in Pelican Waters

86%
86% of sellers in Pelican Waters reported that their sale price either exceeded or met their price expectations.

Pelican Waters stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 21 reviews in Pelican Waters over the last 12 months.

Local market activity for 2 bedroom units in Pelican Waters

In the last 12 months, 4 two-bedroom units similar to 332/38 Mahogany Drive, have been sold.

This represents a 56% increase in two-bedroom units sales when compared to the previous 12 months.

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