Back 907/38 Mahogany Drive
Off Market

907/38 Mahogany Drive

Pelican Waters QLD 4551

3
2
2
Apartment
Last sold for $1,025,000
Mary-Ann McLoughlinMary-Ann McLoughlin, last sold this property on 11 February 2026 after -22 days on market.

Overview

ELEVATED COASTAL LUXURY OVERLOOKING MORETON ISLAND & THE GLASSHOUSE MOUNTAINS!

Welcome to 907/38 Mahogany Drive, Pelican Waters. From its commanding ninth-floor position, this sophisticated residence within Pelican Waters Resort captures sweeping views that stretch from the coastline and Moreton Island to the dramatic peaks of the Glasshouse Mountains. A home of house-like proportions and refined comfort, this three-bedroom apartment delivers the perfect balance of privacy, security, and coastal sophistication ideal as a luxury retreat, lock-and-leave holiday escape, or astute investment in one of the Sunshine Coast's most desirable destinations. From the moment you step inside, an abundance of natural light and breathtaking vistas invite you to slow down and savour the view. The open-plan living and dining area forms the heart of the home, framed by glass doors that open to expansive balconies three in total designed for entertaining or quiet reflection as the light shifts over the landscape. The kitchen is a statement in contemporary coastal design, finished with stone benchtops, quality stainless-steel appliances, and generous storage. Perfectly positioned to capture the view, it's an inviting space to cook, gather, and connect with family and friends. Each of the three bedrooms is generously scaled, with the master suite offering a private retreat of its own complete with balcony access, a walk-in robe, and a luxurious ensuite. The remaining bedrooms are equally spacious, each designed to maximise natural light and comfort, with a central bathroom and separate laundry ensuring functionality meets finesse. The apartment's design and inclusions reflect an effortless coastal lifestyle, with ducted air-conditioning, ceiling fans, plantation shutters, and stylish finishes throughout. For peace of mind, the building offers high-level security with individual floor access and a secure two-car garage. Whether you're watching the sunrise over the ocean, hosting friends on the balcony at sunset, or simply soaking in the tranquility from your elevated vantage point, every moment here is designed to feel like an escape. What We Love - Expansive 192m² apartment on the ninth floor of Pelican Waters Resort - Panoramic views of Moreton Island, the Pacific Ocean & Glasshouse Mountains - Three oversized bedrooms, including a master with private balcony & ensuite - Three large balconies for outdoor living and entertaining - Two bathrooms plus separate laundry - Fully ducted air-conditioning for year-round comfort - Secure complex with individual floor access & two-car garage - Ideal for investors, downsizers or as a luxury holiday home - Resort-style facilities including lap pool, tennis court, gym & fine dining Residents enjoy access to a superb suite of Pelican Waters Resort amenities designed for leisure and lifestyle. Unwind by the lagoon-style swimming pool, swim laps in the heated pool, or stay active with the tennis court and gymnasium. Dine at the in-house restaurant, relax at the sports bar or café. The location offers seamless access to the best of the Sunshine Coast. Golden Beach is just five minutes away, Bulcock Street's boutiques and cafés are within ten, while Sunshine Coast University Hospital and Kawana Shopping Centre are both around 20 minutes by car. Maroochydore Airport is just 30 minutes away, and Brisbane is an easy 60-minute drive ideal for those seeking convenience alongside a relaxed coastal lifestyle. Perfectly positioned within moments of the Pelican Waters Golf Club, Marina Village, and Caloundra's pristine beaches, this residence offers the ultimate coastal lifestyle where every day feels like a holiday, and every outlook reminds you just how special this place is. For those seeking refined apartment living without compromise, contact Mary-Ann McLoughlin to secure this exceptional ninth-floor sanctuary.

Features

3 bedrooms
2 bathrooms
2 carspaces
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Pelican Waters over the last 12 months, the estimated median property value of 907/38 Mahogany Drive is $1.02m.

Median value
$1.02m
Estimated value range
$965k - $1.4m
Median days on market
75
Estimated value trend
-8%
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 907/38 Mahogany Drive

2026
Sold
$1,025,000
Private Sale/Treaty on 11 Feb 2026 by Mary-Ann McLoughlin, of Next Property Group
2023
Sold
$829,000
17 Aug 2023 by Thomas Garland, of Ray White Caloundra
2021
Sold
$620,000
Private Sale/Treaty on 03 Oct 2021 by Thomas Garland, 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 3 bedroom apartments in Pelican Waters

In the last 12 months, 3 three-bedroom apartments similar to 907/38 Mahogany Drive, have been sold.

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

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