434/38 Mahogany Drive
Pelican Waters, QLD 4551

Overview

434/38 Mahogany Drive

This exceptional fourth-floor dual-key apartment, located within the prestigious Pelican Waters Resort, offers a remarkable investment opportunity. Unit 434 is among the finest dual-key apartments available, boasting excellent long-term growth potential and the added benefit of personal use for up to three months per calendar year, ideal for holidays, golf getaways, or relaxing Sunshine Coast breaks.

The property comprises two fully furnished apartments, each thoughtfully designed with private balconies, separate bathrooms, and individual entrances. Both spaces include air-conditioning and built-in wardrobes, ensuring year-round comfort and convenience for guests.

The one-bedroom apartment features a spacious layout with a dedicated lounge area, separate bedroom, bathroom/ensuite, its own laundry cupboard, and a private balcony. The adjoining studio apartment offers an open-plan lounge and bedroom space, complete with its own bathroom and private balcony.

Situated just a short walk from the renowned Pelican Waters Golf Course and Clubhouse, this property is perfectly positioned to attract holidaymakers and golf enthusiasts, enhancing its investment appeal.

Residents and guests enjoy access to resort-style amenities including two swimming pools, one being a heated lap pool, BBQ facilities, tennis courts, and beautifully maintained gardens. The resort also offers an on-site gym, restaurant, sports bar, and room service, providing a comprehensive holiday experience.

The location offers direct access to Pelican Waters Golf Club and is within easy reach of Golden Beach, local shopping centers, and dining options. High-quality dual-key apartments in this sought-after coastal destination are tightly held, making this an outstanding opportunity to secure a high-performing investment.

• Fully furnished one-bedroom apartment plus separate studio
• Not residential - full-time living is not permitted; personal use allowed up to 3 months per calendar year
• Fourth-floor position with elevated outlook
• Exceptional presentation, ranking among 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 approximately $2,630.88 per quarter
• Council Rates approximately $2,866.76 half yearly
• Conveniently located 10 minutes to Caloundra CBD and local beaches
• 30 minutes to Sunshine Coast Airport and Sunshine Plaza
• 45 minutes to Noosa
• 1 hour 10 minutes to Brisbane Domestic and International Airports

Prospective buyers are advised to conduct their own enquiries and seek independent advice regarding this property. The information provided is indicative and should not be solely relied upon.

Location