77 Mahogany Drive, Pelican Waters QLD 4551
77 Mahogany Drive, Pelican Waters QLD 4551
Resort apartment precinct | North-facing outlook | Golf and water views | Secure low-maintenance living | Likely 2-bed 2-bath configuration
This unit is positioned within the established Mahogany Drive resort precinct, where the strongest stock is defined by secure entry, lift access, pools, tennis, gym, and dining. A north-facing orientation is considered a genuine advantage here because light, breezes, and water and golf course outlooks are captured. The likely configuration of two bedrooms, two bathrooms, and one or two car spaces is suited to downsizers, empty nesters, and lifestyle buyers who want lock-and-leave living without sacrificing quality. It is not a conventional family house; its edge is found in the combination of views, facilities, and low-maintenance resort living that is rare in the broader Pelican Waters market.
Value may be shaped most by floor level, view corridor, and internal condition. A higher floor with an unobstructed outlook is likely to be rewarded with a noticeable premium, while a lower level or a filtered view might be priced more conservatively. A flood overlay noted on some lots in the precinct should be weighed, as lending or insurance decisions could be affected by it. Renewed carpets and paint may add appeal, but the overall price is expected to be driven by orientation and aspect rather than by fittings alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 77 Mahogany Drive, Pelican Waters QLD 4551
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Pelican Waters is a canal estate in Caloundra West with a mature demographic skew: the dominant 60–69 age cohort, long tenure, and professionals with certificate-level qualifications. Demand is led by retirees and downsizers seeking water access, alongside investors drawn to 5.7–7.8% annual capital growth and gross yields near 4.5–5.1%. Median house price sits at $1.435–$1.4825 million, with houses selling in a median 37 days and 158–182 sales annually; units average $860,000. Population rose 17.78% from 2016, underpinning structural demand. Growth drivers include canal waterfront scarcity, access to the Pacific Motorway and Sunshine Coast Airport, plus a state school catchment rated average with independent options nearby. Key risks: affordability constraints above $1.4M, limited new supply in the established estate, and interest-rate sensitivity for leveraged investors.
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PropCred Estimated Value
Comparable Sales: 205/38 Mahogany Drive sold for $335,000 in Dec 2022 | Property Price Band: $800K-$900K | Value Drivers: floor level, view corridor, presentation
Bedrooms
4
Bathroom
2
Parking
3
Land
773m²
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