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QLD › Pelican Waters › Mahogany Dr

Unit 705/38 Mahogany Dr, Pelican Waters QLD 4551

For saleUnit

For sale

For sale

2

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

This is on the market — is it worth your time?

Why this ask?

  • FactListed for sale — no asking price recorded(Listing record · 24 Mar 2026)

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

No recorded sale price for this property yet.

Pelican Waters at a glance

8,596

People

$1,585,000

Median sale

$724/wk

Median rent

2.38%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Pelican Waters report →

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. Listedprice unknownavailable24 Mar 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

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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

$1,585,000

Median sale

$724/wk

Median rent

2.38%

Suburb gross yield

Median sale from 95 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 Mahogany Dr →

Listing material

Listed by Ray White Caloundra

AUCTION ANNOUNCEMENT: MOTIVATED VENDOR - MUST BE SOLD! North-Facing Luxury with Unrivaled Golf & Water Views

Auction In Rooms

Sunshine Coast Function Centre

19 West Terrace, Caloundra

Read the full description

Thursday 10 September at 11am

The vendor's instructions are crystal clear: this property will be sold on or before Auction day. Representing an exceptional buying opportunity on the Sunshine Coast, this expansive 7th-floor residence combines high-end coastal living with serious value and urgent motivation.

Step inside to a bright, open plan layout that has been thoughtfully refreshed with brand new carpets and a crisp modern paint palette. The heart of the home is a generous kitchen featuring quality appliances, abundant bench space and ample storage perfect for those who love to entertain. Beyond the main living area, a dedicated media room provides the versatile extra space rarely found in two bedroom apartments.

With less than 10 minutes' drive to your choice of outstanding surf beaches, this resort also offers world class facilities; a sparkling resort pool, heated lap pool, tennis courts and it's own Restaurant and Bar with alfresco terrace and poolside dining overlooking the golf course, surrounding waterways and beautiful lush landscaped gardens.

Turn-Key Perfection: Refreshed with brand-new carpets, a crisp modern paint palette and new ducted air conditioning for immediate enjoyment.

Entertainer's Kitchen: Generously proportioned with quality appliances, expansive counter space, and abundant storage for effortless hosting.

Rare Floor Plan Versatility: Features a dedicated media room-an extraordinary bonus in a two-bedroom footprint-offering the flexibility of a home office, secondary lounge, or guest suite.

Generous laundry: With storage and loads of bench space.

Resort-Style Amenities: Enjoy direct access to world-class facilities right at your doorstep.

Security activated lifts with intercom access.

Secure double car accommodation with double storage cage.

Located just 90 minutes' drive from Brisbane International and Domestic Airports.

DON'T MISS THIS OPPORTUNITY - ACT NOW. Offers prior to auction are strongly encouraged.

Inspect today and prepare to bid-contact us immediately to secure your place!

Contact Donna Sheen on 0431 412 599 today!

Listing description written by Donna Sheen, Ray White Caloundra — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Gym
  • In-Ground Pool
  • Secure Parking
  • Toilets: 2

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Districts

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

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