Back 416/38 Mahogany Drive
Off Market

416/38 Mahogany Drive

Pelican Waters QLD 4551

2
2
2
103 m²
Apartment
Last sold for $445,000
Monica D'EspagnacMonica D'Espagnac, last sold this property on 14 July 2026 after 0 days on market.

Overview

North Facing Over The Pool & Golf Course With Far Reaching Vista Views!

Unit 416 is positioned to impress, showcasing a superior level of presentation and ranking among the finest dual-key apartments currently available. Excellent long term growth potential, alongside the added benefit of personal use for up to three months per calendar year - perfect for long weekends, golf getaways or relaxing Sunshine Coast holidays. Both apartments are fully furnished and thoughtfully designed, each featuring private balconies over the pool and golf course, separate bathrooms and individual entrances. Air-conditioning and built-in wardrobes are included in both spaces, ensuring comfort and convenience for guests year-round. The one-bedroom apartment offers a spacious layout with a dedicated lounge area, separate bedroom, bathroom/ensuite, its own laundry cupboard and private balcony. The adjoining studio apartment comprises an open-plan lounge and bedroom space, complete with its own bathroom and private balcony. Ideally located just a short stroll to the renowned Pelican Waters Golf Course and Clubhouse, this property is perfectly suited to attract holidaymakers and golf enthusiasts alike - further enhancing its investment appeal. Residents and guests of the resort enjoy access to two swimming pools including a heated lap pool, BBQ facilities, tennis courts and beautifully maintained gardens. The resort also features an on-site gym, restaurant, sports bar and room service, delivering a true holiday experience. The location is second to none, with direct access to Pelican Waters Golf Club and within easy reach of Golden Beach, local shopping centres and dining options. High-quality dual-key apartments in this position are tightly held, making this an outstanding opportunity to secure a high-performing investment in a sought-after coastal destination. • One-bedroom apartment plus separate studio • Not residential - You cannot live in this dual key unit full time. You can use it up to 3 months per calendar year. Great for holidays, short breaks or family breaks. • Fourth-floor position with elevated outlook • Exceptional presentation • one of the best dual-key apartments available • Excellent long term growth potential with hotel pool income • Contemporary open-plan design • Resort-style complex with on-site management • Sparkling heated lap pool, and additional children's pool • Two tennis courts and gym access (membership required) • Up to two parking spaces in communal areas • *10 minutes to Caloundra CBD and local beaches • *30 minutes to Sunshine Coast Airport & Sunshine Plaza • *45 minutes to Noosa • *1 hour 10 minutes to Brisbane Domestic & International Airports *Approximately Disclaimer: The agent has taken reasonable steps to verify the accuracy of the information contained in this marketing and advertising material. However, all information is provided as a guide only and should not be relied upon as a representation of fact. Prospective buyers should make their own enquiries, conduct their own due diligence and seek independent advice to satisfy themselves as to the accuracy, condition, suitability and completeness of the information provided in relation to the property. To the extent there is any inconsistency between this marketing or advertising material and the Form 2 Seller Disclosure Statement for the property, the Form 2 Seller Disclosure Statement will prevail. If this property is being sold by auction or without a price, a price guide cannot be provided. Any website or portal may have filtered the property into a price bracket for website functionality purposes only. Some marketing images may contain virtual furniture, furniture staging, digital enhancements or AI-generated enhancements for illustrative purposes. Any such images are intended to assist with visual presentation only and may not reflect the actual property features, furnishings, condition, layout, size, views or presentation. Buyers should rely on their own inspections, enquiries and independent advice.

Features

2 bedrooms
2 bathrooms
2 carspaces
103 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Pelican Waters over the last 12 months, the estimated median property value of 416/38 Mahogany Drive is $625k.

Median value
$625k
Estimated value range
$445k - $900k
Median days on market
72
Estimated value trend
-17%
decrease 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 416/38 Mahogany Drive

2026
Sold
$445,000
Private Sale/Treaty on 14 Jul 2026 by Monica D'Espagnac, of Coronis Pelican Waters
2021
Sold
$340,000
26 Jul 2021 by Denise Ruhle, of Stone Real Estate Golden Beach

Happy sellers in Pelican Waters

83%
83% 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 15 reviews in Pelican Waters over the last 12 months.

Local market activity for 2 bedroom apartments in Pelican Waters

In the last 12 months, 5 two-bedroom apartments similar to 416/38 Mahogany Drive, have been sold.

This represents a 100% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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