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Back 504/38 Mahogany Dr
Off Market

504/38 Mahogany Dr

Pelican Waters QLD 4551

2
2
1
Apartment
Last sold for $890,000
Mary-Ann McLoughlinMary-Ann McLoughlin, last sold this property on 28 April 2026 after 0 days on market.

Overview

NORTH FACING FIFTH-FLOOR APARTMENT WITH STUNNING GOLF COURSE & LAKE VIEWS!

Positioned on the fifth floor of the sought-after Pelican Waters Resort, this spacious apartment offers an exceptional combination of lifestyle, comfort, and investment potential. Showcasing breathtaking north-facing views across the lake and the renowned Greg Normandesigned golf course, this residence captures natural light and coastal breezes throughout. Designed for effortless living, the apartment features two generously sized bedrooms with built-in robes, including a master suite complete with a private balcony and ensuite. The open-plan living and dining areas flow seamlessly to the expansive outlook, creating the perfect space to relax or entertain while enjoying the tranquil surrounds shared with local wildlife and golfers alike. At the heart of the home is a modern, centrally positioned kitchen featuring stone benchtops, quality appliances, and ample storage, ideal for both everyday living and hosting guests. Comfort is assured year-round with ducted air conditioning throughout. Residents enjoy access to an impressive array of resort-style amenities, including two swimming pools, a tennis court, fully equipped gym, and beautifully maintained grounds. The on-site restaurant and bar provide the perfect setting for a relaxed evening without leaving home. Additional features include secure underground parking and a prime location just minutes from Pelican Waters Shopping Centre, Golden Beach, coastal walking and cycling paths, and the vibrant Caloundra township. Key Features: - Spacious fifth-floor apartment with stunning north-facing views - Overlooking lake and Greg Normandesigned golf course - Two large bedrooms with built-in robes - Master bedroom with ensuite and private balcony - Modern kitchen with stone benchtops and ample storage - Expansive open-plan living and dining areas - Ducted air conditioning throughout - Secure underground car parking Resort Amenities: - Two swimming pools - Tennis court - Fully equipped gym - On-site restaurant and bar - Beautifully landscaped grounds Location Highlights: - Minutes to Pelican Waters Shopping Centre - Close to Golden Beach and coastal pathways - Short drive to Caloundra CBD An outstanding opportunity for both investors and lifestyle buyers, this impressive apartment delivers resort-style living in one of the Sunshine Coast's most desirable golf-side communities.

Features

2 bedrooms
2 bathrooms
1 carspace
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 504/38 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 504/38 Mahogany Dr

2026
Sold
$890,000
Private Sale/Treaty on 28 Apr 2026 by Mary-Ann McLoughlin, of Next Property Group
2021
Sold
$440,000
Private Sale/Treaty on 22 Apr 2021 by Kerri Johnston, of Next Property Group

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 504/38 Mahogany Dr, have been sold.

This represents a 600% decrease in two-bedroom apartments 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   (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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