Shortly before 11am, the Maroochydore-based rescue helicopter was tasked by the Queensland Police Service to assist in the search for the 67-year-old man, who had been missing since late Wednesday afternoon.
Following a search of the area, the man was located approximately two-thirds of the way up the mountain, stranded on the north face.
Due to steep, rocky terrain, a paramedic was lowered down to the bushwalker, who was then winched back into the helicopter.
The CareFlight medical crew assessed the condition of the man on-site, before transferring him on to Nambour General Hospital for further observation. He travelled in a stable condition.
The rescue follows an extensive sea and air search on Wednesday for a man overboard from a commercial ship near Fraser Island.
The Sunshine Coast RACQ CareFlight Rescue helicopter was tasked to join the search coordinated by the Australian Maritime Safety Authority (AMSA) shortly before 10am Wednesday morning.
The crew initially completed a sweep of an assigned 100 nautical mile area, but there was no sign of the man.
The helicopter then returned to base to refuel and re-joined the search at 2pm. AMSA concluded the search for the man at last light Wednesday afternoon.