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23/265-269 Boundary Street, Coolangatta QLD 4225

Selling Guide $1,900,000 - $2,080,000

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$1.9M - $2M Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 3 Beds 3 Baths 2 Cars

Listed: 47 days ago

Updated: 9 days ago

Overview

This rare north-facing sub-penthouse apartment situated in the highly sought-after Rainbow Bay presents a unique chance to embrace the spectacular coastal lifestyle on offer. With three spacious bedrooms and three bathrooms, the residence offers exceptional versatility suitable for permanent living, a holiday retreat, or a quality investment.

The property features two expansive wrap-around balconies that soak up the northern sun and provide breathtaking views over the iconic Snapper Rocks and Rainbow Bay. These outdoor spaces enhance the living experience by inviting the tranquil beach atmosphere indoors, creating an ideal setting for relaxation or entertaining.

The master suite privileges privacy and comfort with its own sitting area, walk-in robe, and an ensuite equipped with dual vanities, promising a luxurious personal sanctuary. The additional bedrooms are well-appointed, with the second bedroom offering a walk-in robe and flexible ensuite/laundry bathroom, while the third boasts an ensuite and built-in robe, catering well to family needs or guests.

Secure basement parking accommodates two vehicles and doubles as valuable storage space for surfboards or beach gear, complementing the coastal lifestyle. The boutique Rainbow Bay Resort complex is intimate, comprising just 24 apartments and featuring resort-style amenities including a large swimming pool, spa, and sauna. On-site management ensures a well-maintained environment, while the established holiday letting history offers compelling investment potential.

Additional cost considerations include council rates, water rates, and body corporate fees, with a sinking fund providing financial stability for future maintenance. Properties of this scale, quality, and location are uncommon in Rainbow Bay, making this a noteworthy opportunity for discerning buyers.

Local Market Insights

In Coolangatta, Quiet Listings observed 9 new apartments entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $2,177,222. The property type mix of listed properties is predominantly Apartments at 46%, followed by units (31%), and houses (15%). The most active agency for apartments in the Coolangatta area is currently PRD Nationwide, representing 33% of new listings, followed by McGrath Estate Agents with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.