301-302/38 Mahogany Drive
Pelican Waters, QLD 4551

This exceptional dual-key unit is located within the highly sought-after Pelican Waters Resort, offering a unique investment opportunity that balances personal lifestyle benefits with strong passive income potential. The property is resort-zoned, allowing owners up to three months of personal holiday residency annually, while the remainder of the year can be leveraged through the resort's popular short-term letting pool.

The dual-key design features two separate, side-by-side units on a single title. The primary unit is a fully self-contained one-bedroom apartment, complete with a kitchen, open-plan living area, and a master suite that includes an ensuite bathroom with a spa. The secondary unit is a spacious studio suite, furnished with twin queen beds, its own ensuite, a sitting area, and a refreshment station. Both units benefit from large windows and generous private balconies that provide stunning views over the Pelican Waters golf course and the surrounding native bushland.

Situated less than a 15-minute drive from a variety of local beaches, shopping centers, and taverns, the resort offers premium, hands-off property management services. On-site amenities are extensive and include a hair salon, nail spa, florist, a fully equipped gymnasium, and an integrated restaurant and bar. The landscaped grounds feature a large resort pool and a heated lap pool, both overlooking the golf course, waterways, and manicured tropical gardens.

• Flexible Investment Structure: Zoned for short-term accommodation with up to three months of personal owner usage annually, ideal for a private holiday retreat.
• Turn-Key Presentation: Both apartments have been recently refurbished and are fully furnished with quality fixtures and fittings.
• Outdoor Living: Large private balconies capture expansive views of the golf course and bushland.
• Climate Control: Fully ducted air-conditioning throughout both units ensures comfort year-round.
• Security & Parking: Secure undercover parking for two vehicles with security-activated lift access.
• Entertaining Areas: Well-maintained BBQ and outdoor entertaining spaces are available for residents and guests.
• Resort Pools: Access to both the main resort pool and a dedicated heated lap pool.
• Recreation: All-weather, floodlit tennis courts are located on-site.
• Prime Location: Walking distance to the prestigious Pelican Waters Golf Course and restaurant.

This property represents an outstanding opportunity for lifestyle investors seeking a premium resort experience combined with a strong income stream. It is highly recommended for inspection.