Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

QLD › Pelican Waters › Edwardson Dr

29 Edwardson Dr, Pelican Waters QLD 4551

For saleHouse for Sale

$3,995,000

For sale

Asking

4

Bedrooms

3

Bathrooms

6

Car spaces

1,317 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,995,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,995,000(Listing record · 22 June 2026)
  • FactLand 1,317 m²; no building size recorded.(Property record)
  • CalculationAsk is 152% above the Pelican Waters median recorded sale ($1,582,500, n=96, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Pelican Waters's advertised median rent ($724/wk), implied gross yield would be 0.94% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$3,995,000

Asking · $3,033/m² of land

No recorded sale for this property.

Pelican Waters at a glance

8,596

People

$1,582,500

Median sale

$724/wk

Median rent

2.38%

Suburb gross yield

Median sale from 96 recorded sales (last 12 months) — a Districts calculation.

See the full Pelican Waters report →

Vs Pelican Waters

+152.4%

Median sale

Suburb $1,582,500

-1.44 pp

Gross yield

Suburb 2.38%

Suburb median $1,582,500 from 96 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$3,995,000
Stamp Duty (Queensland)
$210,238
Transfer/Registration Fee
$18,034
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$4,226,972

$231,972 on top of the price (5.8% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Pelican Waters's advertised median rent — not a rent for this listing.

Net yield
-0.56%
Annual cashflow (pre-tax)
$-230,017
Interest cover (DSCR)
-0.11
Annual rent
$37,648
Operating expenses
$59,925
Loan amount
$3,196,000
Annual interest
$207,740
Gross yield
0.94%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$3,995,000available22 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $724/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Pelican Waters in one glance

Pelican Waters at a glance

8,596

People

$1,582,500

Median sale

$724/wk

Median rent

2.38%

Suburb gross yield

Median sale from 96 recorded sales (last 12 months) — a Districts calculation.

See the full Pelican Waters report →

Keep researching

  • Why Pelican Waters? Read the area thesis →
  • What else is on the market in Pelican Waters →
  • Other records on Edwardson Dr →

Listing material

Listed by Henzells Caloundra

A WATERFRONT MASTERPIECE WITHOUT COMPROMISE

Positioned on one of Pelican Waters' most prestigious stretches of deep water canal, this extraordinary residence has been meticulously reimagined to deliver a level of luxury rarely seen and almost impossible to replicate.

Extensively renovated and meticulously refined, every decision has been driven by a singular vision: to create an uncompromising lifestyle experience that is both luxurious and effortlessly practical. Behind its impressive façade lies a residence crafted to anticipate every want, need and whim, where every space, finish and feature has been thoughtfully considered to elevate everyday living.

From the extensive use of Travertine stone throughout the bathrooms, complete with exquisite mitred detailing, to the honed Quartzite surfaces, Blackbutt timber flooring, bespoke cabinetry and integrated smart home technology, the level of craftsmanship is nothing short of exceptional. This is a home where nothing has been overlooked.

Read the full description

Designed for those who appreciate both indulgence and functionality, the residence effortlessly balances grand scale entertaining with intelligent family living. Expansive indoor and outdoor zones connect seamlessly with the stunning waterfront backdrop, while the designer kitchen and fully equipped butler's pantry flow effortlessly to more than 130m² of Northeast facing outdoor entertaining. Complete with an outdoor kitchen, magnesium solar heated pool, golf putting green and multiple spaces to gather, unwind and entertain, the home embraces the very best of coastal living.

Accommodation is equally impressive, anchored by two luxurious master retreats that rival one another in both scale and amenity. The upper level sanctuary captures breathtaking panoramic water views stretching for kilometres and offers every conceivable comfort, creating a private haven unlike anything else in the area.

For boating enthusiasts, the private deep water pontoon provides unrivalled direct ocean access, while extensive garaging and dedicated space for a motorhome, boat or trailer ensure the home caters effortlessly to every lifestyle pursuit.

What truly sets this residence apart is not simply the long list of premium inclusions, but the thought behind them. Every feature has been carefully considered to enhance the way you live, from advanced sustainability initiatives and whole home water filtration, to automated systems, intelligent storage solutions and luxurious finishes at every turn.

Set upon a commanding 1,317m² Northeast facing waterfront parcel in one of Pelican Waters' most tightly held locations, this is more than a home. It is the culmination of years of thoughtful design, craftsmanship and an unwavering commitment to creating the ultimate waterfront lifestyle.

Highlights Include:

~ Prestigious 1,317m² Northeast facing waterfront allotment on Pelican Waters' main canal

~ Private deep water pontoon with power and water, offering direct ocean access

~ Extensively renovated with bespoke finishes including Travertine stonework, mitred detailing, honed Quartzite surfaces, custom cabinetry and Blackbutt timber flooring

~ Accommodation for up to five vehicles, including triple garage and additional space for a motorhome, boat or trailer

~ Designer kitchen featuring premium Miele appliances, Electrolux steam ovens, induction cooking, warming drawer, statement Quartzite Island and fully equipped butler's pantry with Vintec wine fridge

~ Two luxurious master retreats, including a ground floor suite and an upstairs sanctuary with sweeping water views, private balcony, coffee station, custom walk-in robe and automated features

~ Luxurious Travertine bathrooms throughout, including a designer ensuite with custom stone basin, jet spa bath and bespoke storage solutions

~ Two dedicated office spaces plus a separate billiards or multipurpose room

~ Approximately 130m² of Northeast facing waterfront entertaining with outdoor kitchen, built-in BBQ, bar fridge and dishwasher

~ Solar heated magnesium pool with dedicated lap lane, golf putting green, waterfront firepit and additional sunset patio

~ Smart home features including keyless entry, intercom, automated curtains, weather-sensor windows, ducted vacuum and reverse-cycle air conditioning

~ Whole home water filtration and reverse osmosis system

~ Premium Modwood decking, Knotwood aluminium ceilings, automated irrigation and landscape lighting

~ 15kW solar system, 520L solar hot water, solar pool heating, 40,000L underground rainwater storage and high performance SolTech glazing

~ SecureView security screens throughout and extensive sealed under deck storage

A residence that simply must be experienced to be fully appreciated.

*Private Inspections Only*

Quote this reference when enquiring on this property: EDWA29

This property may be advertised without a price. In accordance with legislation, a price guide can only be provided via nearby comparable sales. The website may have filtered the property into a price bracket for website functionality purposes.

DISCLAIMER: Every effort has been made to ensure the accuracy of the information provided regarding this property; however, no warranty or representation is made by the seller or agent. All details are sourced from information deemed reliable. Accuracy cannot be guaranteed. Prospective buyers are advised to conduct their own inspections, enquiries, and searches with the appropriate authorities. These images may have been digitally enhanced for illustrative purposes.

Listing description written by Morgan Bonanno, Henzells Caloundra — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Balcony
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • In-Ground Pool
  • Remote Garage
  • Secure Parking
  • Solar Panels
  • Study
  • Workshop
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.