46 Wavell Avenue, Pelican Waters, Qld 4551

Offered to the market for the first time, 46 Wavell Avenue presents a rare opportunity to secure an absolute waterfront home in one of Pelican Waters' most tightly held and established pockets.

Positioned on a generous 740m² east-facing waterfront block with approximately 324m² under roof, this substantial double-storey residence enjoys a peaceful outlook directly across Lake Magellan, while the western horizon delivers spectacular afternoon sunsets toward the Glass House Mountains.

It is a combination of position, orientation and outlook that is exceptionally difficult to replicate. More than simply a home with a water view, this is a property that offers a genuine waterfront lifestyle from the moment you step outside.

The calm waters of Lake Magellan create an incredible extension of the backyard, providing a safe and peaceful environment for kayaking, fishing, exploring the shoreline or simply enjoying time outdoors with family and friends. For families with young children, it offers the kind of lifestyle where weekends can be spent on the water, spotting fish and mud crabs, watching black swans glide across the lake and enjoying the abundance of birdlife that surrounds the property.

For those who appreciate nature, the setting is equally special. Mornings can begin with the sound of local birdlife and still water beyond the backyard, while afternoons transition into colourful sunsets over the Glass House Mountains. Whether entertaining, relaxing with a coffee or unwinding at the end of the day, the lake provides a constantly changing backdrop.

The home itself offers generous proportions across two levels, with multiple indoor and outdoor living areas creating excellent separation for growing families, guests or those wanting flexibility in how they use the space. A multi-level wrap-around patio further connects the home to its waterfront surroundings, providing an ideal setting for entertaining, family gatherings or quiet afternoons overlooking the lake. Importantly, the property also offers significant potential for buyers wanting to renovate, modernise and create something truly special.

With the position already secured, the opportunity exists to enhance the existing residence over time and create a home that reflects your own style, without having to compromise on the waterfront location. For buyers wanting an entry point into one of Pelican Waters' established lakefront pockets, this represents an increasingly rare opportunity to secure the land, orientation and outlook first, then add value into the future.

Investors may also appreciate the combination of location, land size and waterfront appeal. Properties offering genuine water frontage remain tightly held, and the home's generous size, proximity to Caloundra and access to local amenities make it an appealing long-term holding.

Despite its peaceful setting, the property remains conveniently connected to everything the Sunshine Coast lifestyle is known for.

Beaches, cafés, local schools, shopping, walking and cycling paths and boat ramps are all within easy reach, allowing you to enjoy the tranquillity of a private lakefront setting without sacrificing everyday convenience.

The nearby pathways provide an easy connection through the surrounding area, while the coastline is only minutes away, making it easy to transition from a morning kayak on the lake to an afternoon at the beach.

Property Highlights - 

* Absolute waterfront position on Lake Magellan
* Rare east-facing 740m² waterfront allotment
* Approximately 324m² under roof
* First time offered to the market
* Substantial double-storey residence
* Spectacular sunsets toward the Glass House Mountains
* Multi-level wrap-around outdoor entertaining areas
* Direct access to calm lake waters
* Ideal setting for kayaking, fishing and family recreation
* Abundant fish, mud crabs and local birdlife
* Peaceful natural surroundings
* Excellent privacy and separation
* Generous indoor and outdoor living zones
* Flexible floorplan suitable for families
* Excellent renovation and value-add potential
* Double-car accommodation
* Established, tightly held Pelican Waters location
* Convenient access to schools and childcare
* 500m to the beach, cafés and shopping
* Easy access to bike paths, walking tracks and local boat ramps
* Short drive to central Caloundra and the wider Sunshine Coast coastline

Lake Magellan properties are tightly held for good reason. The established surroundings, direct connection to the water and sense of privacy provide a lifestyle that is becoming increasingly difficult to find in newer developments.

For a young family, it is a place where children can grow up around the water and outdoors. For nature lovers, it offers tranquillity, birdlife and a constantly changing outlook.
For renovators, it offers the opportunity to create something exceptional in a position that cannot be recreated.
And for buyers simply searching for something different, 46 Wavell Avenue delivers the rare combination of waterfront living, space, privacy and potential.

Rarely do position, orientation, outlook and opportunity come together this well.
46 Wavell Avenue is an opportunity to secure your place on Lake Magellan and create a home to enjoy for years to come.

For further information or to arrange your inspection, contact Mitch McHugh or Zac Aumann at Noble Estate Agents.