Back 434/38 Mahogany Dr
Off Market

434/38 Mahogany Dr

Pelican Waters QLD 4551

2
2
2
103 m²
Apartment
Last sold for $455,000
Monica D'EspagnacMonica D'Espagnac, last sold this property on 22 April 2026 after 29 days on market.

Overview

A Spectacular Investment Opportunity in Pelican Waters' Most Impressive Dual-Key Offering

A Spectacular Investment Opportunity in Pelican Waters' Most Impressive Dual-Key Offering Calling all astute investors - this exceptionally well-presented, fourth-floor "hotel pool" dual-key apartment within the prestigious Pelican Waters Resort represents a standout investment opportunity. Unit 434 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, 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. - Fully furnished 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 - Body Corporate fees* $2,630.88/qtr - Council Rates* $2,866.76/half yearly - *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 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. If this property is being sold by auction or without a price, a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes

Features

2 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
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 434/38 Mahogany Dr is $775k.

Median value
$775k
Estimated value range
$455k - $900k
Median days on market
41
Estimated value trend
5%
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 434/38 Mahogany Dr

2026
Sold
$455,000
22 Apr 2026 by Monica D'Espagnac, of Coronis Pelican Waters
2019
Sold
Undisclosed
Private Sale/Treaty on 17 Dec 2019 by Denise Ruhle, of Stone Real Estate Golden Beach
2017
Sold
Undisclosed
Private Sale/Treaty on 23 Feb 2017 by Rebecca Osenton, of Ray White Caloundra

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 apartments in Pelican Waters

In the last 12 months, 6 two-bedroom apartments similar to 434/38 Mahogany Dr, have been sold.

This represents a 600% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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