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Back 503/38 Mahogany Drive
Off Market

503/38 Mahogany Drive

Pelican Waters QLD 4551

3
2
2
Unit
Last sold for $890,000
Monica D'EspagnacMonica D'Espagnac, last sold this property on 23 September 2025 after 40 days on market.

Overview

A Spacious Apartment With Four Balconies & Far Reaching Golf Course & Coastal Views

If you are looking for space, views and a Resort style living lifestyle, then look no further than this larger than average apartment that has two parking spaces in the popular Pelican Waters Resort. This home could be a perfect investment, weekend retreat or future home to downsize to in the future. The apartment is located on the fifth floor of The Pelican Waters Resort. The master bedroom has its own walk-in wardrobe, ensuite and balcony and the two other spacious bedrooms have built-in wardrobes access to balconies and ceiling fans. The kitchen would inspire any wannabe chefs or entertainers with its stone benchtops, the lounge/dining is spacious and light with sliding doors giving access on to the balconies. The Resort offers two refreshing swimming pools, as well as a heated lap pool, a barbecue area, 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. Apartments of this size are rare to find. The Sellers are highly motivated, so if you don't want to miss this opportunity, get a wiggle on and come and see apartment 503! - 3 spacious bedrooms - Master bedroom with ensuite, walk-in wardrobe and balcony - Kitchen with stone benchtops - Spacious lounge/dining - Air Conditioning - Laundry room - Two parking spaces in secure under-ground parking - Well maintained Resort style complex with on-site management - Sparkling heated inground lap pool plus children's pool - 2 tennis courts - Access to the gymnasium by membership - *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 - * Approximately - Rates $1,681.40 per half year - Body Corporate Fees: $14,803.26 after discount 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

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
Unit

Estimated Value

Based on this property and similar 3 bedroom units sold in Pelican Waters over the last 12 months, the estimated median property value of 503/38 Mahogany Drive is $1.08m.

Median value
$1.08m
Estimated value range
$822.5k - $1.85m
Median days on market
43
Estimated value trend
26%
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 503/38 Mahogany Drive

2025
Sold
$890,000
23 Sep 2025 by Monica 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 3 bedroom units in Pelican Waters

In the last 12 months, 7 three-bedroom units similar to 503/38 Mahogany Drive, have been sold.

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   (171 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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