De Jersey Estate Co proudly presents to the market 704/38 Mahogany Drive, Pelican Waters.
Perched high on the 7th floor and capturing an exceptional north-east aspect, this spacious two-bedroom apartment delivers panoramic water, coastline and golf course views in one of Pelican Waters' most impressive resort-style settings.
From the moment you enter, the outlook takes centre stage. Natural light fills the apartment, while expansive windows and outdoor living areas capture a remarkable 160-degree panorama stretching north across the lake towards Buderim and the Caloundra coastline, east towards Bribie Island, the Shipping Channel and Moreton Island, and west across the adjoining golf course.
Designed for relaxed coastal living, the generous open-plan kitchen, dining and living area flows effortlessly onto the main balcony, creating an impressive space to entertain, unwind and enjoy the ever-changing outlook.
The contemporary kitchen offers excellent bench space, ample cabinetry and storage, while the spacious floor plan provides genuine separation between the two king-sized bedrooms.
The master suite is a standout, featuring its own east-facing balcony, ensuite and built-in robe. The second bedroom also includes built-in robes and enjoys uninterrupted northern views across the lake.
Comfort is assured year-round with dual-zone air conditioning and a remote-controlled self-closing Vergola providing flexibility to the outdoor living space. An independent laundry, secure underground car space and dedicated storage cage add further practicality.
Positioned alongside the Greg Norman-designed Pelican Waters Golf Course, the complex offers an enviable resort lifestyle with an outstanding selection of facilities including swimming pools, heated lap pool, tennis courts, gymnasium, BBQ areas, restaurant, alfresco terrace bar, hairdresser and nail spa.
All of this is just minutes from Pelican Waters Shopping Village, the waterfront, Golden Beach and Caloundra's beaches, cafés, restaurants and everyday amenities.
What we love about the property:
• Elevated 7th-floor position with prized north-east aspect
• Spectacular 160-degree panoramic outlook
• Water, coastline, island and golf course views
• Two generous king-sized bedrooms with built-in robes
• Master suite with ensuite and private east-facing balcony
• Spacious open-plan living and dining areas
• Contemporary kitchen with excellent cabinetry and storage
• Large main balcony designed to maximise the incredible outlook
• Remote-controlled self-closing Vergola
• Dual-zone air conditioning
• Separate internal laundry with bench and cupboard space
• Secure underground car space
• Dedicated storage cage
• Peaceful position with no road noise
• Lift access
• Pet-friendly complex, subject to Body Corporate approval
• Selected furniture may be available by negotiation
• Resort swimming pool and heated lap pool
• Gymnasium
• Tennis courts
• BBQ and entertaining areas
• Restaurant and alfresco terrace bar
• Hairdresser and nail spa
• Onsite management
Offering space, privacy and an outlook that is difficult to replicate, Apartment 704 presents an outstanding opportunity for buyers seeking a permanent residence, coastal escape or lifestyle investment in the heart of Pelican Waters.
Golf at your doorstep, the coastline on the horizon and resort-style living every day — this is Pelican Waters living from a very different perspective.
Year built – 2005
Council rates - $2,655 approx. per annum
Body corporate fees - $10,768 approx. per annum
Sinking fund balance - $366,589 approx. (as of 31/03/2026
Insurance - $1,852 per annum
Rates - $1,508 approx. per annum
Should you need any additional information, please contact Sean Carter on 0405 975 975
