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434/38 Mahogany Drive, Pelican Waters$455,000
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434/38 Mahogany Drive

Pelican Waters, QLD 4551, Australia
$455,000
2 bed 2 bath 2 car103 m²

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About this property

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

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
2
Land Area
103 m²
Listed
3 months ago

Repayment calculator

$2,206/month
$1,103 /fortnight
Loan $364,000 at 6.10% over 30 years

Upfront costs

Deposit$91,000
Stamp duty$14,350
Conveyancing (est.)$2,000
Total upfront$107,350
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Pelican Waters

This 2-bedroom apartment in Pelican Waters, QLD 4551 sits within reach of public transport, local shops and nearby schools. It is listed 70% below the $1.50m median of 69 comparable apartmentswithin 5 km.

Schools near Pelican Waters

  • Caloundra City Private Schoolcombined · Prep-12 · CoEd

What's nearby

  • Pelican Waters Bvd near Bledisloe Bvd (bus)1.1 km away
  • Woolworths1.7 km away
  • MacLamond Drive Park1.0 km away
  • Scribbly Gum Park1.1 km away
  • Unnamed1.3 km away

Pelican Waters at a glance

Full suburb profile
Population
7,393
Median age
55
Household income
$1,552/wk
Median rent
$540/wk
Median mortgage
$2,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Pelican Waters price trend

Median sold · Unit 2 bed

Compound growth +21.6% / yr over 4 yrs

$775kcurrent median

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