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Back 428 & 429/38 Mahogany Dr
Off Market

428 & 429/38 Mahogany Dr

Pelican Waters QLD 4551

2
2
2
Unit
Last sold for $425,000
Kathy d'EspagnacKathy d'Espagnac, last sold this property on 16 June 2025 after 32 days on market.

Overview

Fantastic Investment Opportunity With Great Returns & Excellent Long-term Growth!

Calling all shrewd Investors looking to secure a "Hotel Pool" dual key apartment in the prestigious Pelican Waters Resort. Not only can you get a great annual return you can also use your investment for personal use for up to 3 months of the calendar year for long weekends, golf holidays or school holiday breaks here in this fantastic location on the Sunshine Coast. The apartments both come fully furnished and with their own balconies (the one-bedroom apartment benefiting from two balconies) separate bathrooms and their own private entrances. Both apartments come with air-conditioning and built-in wardrobes. The one-bedroom apartment has its own lounge area and bedroom, bathroom/ensuite coupled with its own laundry cupboard with washing machine and tumble dryer and two balconies both with far reaching views. The studio apartment has a lounge and bedroom area combined with its own bathroom and its own balcony again with far reaching views. This dual key apartment has two parking spaces in the secure underground parking area at the Pelican Waters Resort. The property is a short stroll to the Pelican Waters Golf Course and Club House which is ideal for any golf lovers coming on holiday on The Sunshine Coast. The Resort offers two refreshing swimming pools as well as a heated lap pool, a barbecue area and lush gardens and tennis courts. The Pelican Waters Resort also has its own restaurant, sports bar and "room service" facility. The location is paramount with direct access to Pelican Waters Golf Club, within easy walking distance to Golden Beach shops, shopping centres and Tavern. Dual key apartments rarely become available to the market so please contact Louis d'Espagnac on 0431898940 to not miss out on this excellent investment opportunity. - Fully furnished one bedroom apartment plus a separate Studio apartment - Contemporary design featuring open-plan living - Well maintained Resort style complex with on-site management - Three balconies overlooking the golf course - Sparkling heated inground lap pool plus children's pool - 2 Tennis Courts - access to the gymnasium by membership - Secure car spaces and close to public transport - *10-minute to the Caloundra CBD & local beaches - *30-minute to Sunshine Coast Airport & Sunshine Plaza - *45-minute drive to Noosa - *1hr 10 mins drive to Brisbane International & Domestic Airports - Rates $2,640.50 per half year - Body corporate $10,226.43 after discount * Approximately Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
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 428 & 429/38 Mahogany Dr 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 428 & 429/38 Mahogany Dr

2025
Sold
$425,000
16 Jun 2025 by Kathy d'Espagnac, of Coronis Pelican Waters

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, 3 two-bedroom units similar to 428 & 429/38 Mahogany Dr, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Pelican Waters

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Steve Venn

Steve Venn is an award winning recommended agent for Pelican Waters.  They have 5 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (183 reviews)
  •  6 Reviews in Pelican Waters
  •  5 Sales in Pelican Waters
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Sean Carter

Sellers who recommend Sean Carter have praised them for being clear communication, local expert, responsive, reliable, great negotiation, honest and supportive

  •   5   (193 reviews)
  •  5 Reviews in Pelican Waters
  •  3 Sales in Pelican Waters
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Yianni J. Mooney

Yianni J. Mooney is an award winning recommended agent for Pelican Waters.  They have 3 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (173 reviews)
  •  3 Reviews in Pelican Waters
  •  3 Sales in Pelican Waters
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Scott Louis

Scott Louis is a recommended agent for Pelican Waters.  They have 2 local sales and collected 4 local reviews across the last 12 months.

  •   5   (204 reviews)
  •  4 Reviews in Pelican Waters
  •  2 Sales in Pelican Waters
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