unit 1401/255 - 261 Boundary Street, COOLANGATTA QLD 4225

Sold $1,400,000

Exquisite Ocean-View Retreat in Rainbow Bay

Apartment Sold - COOLANGATTA QLD

Sold $1,400,000

Welcome to your dream seaside escape at Rainbow Bay! Perched on the 14th floor, this exquisite two-bedroom, two-bathroom apartment offers breathtaking panoramic views of the sparkling ocean, creating an idyllic haven for those seeking both comfort and investment potential.

Spectacular Ocean Views: Enjoy mesmerizing sunrises and sunsets from the comfort of your living room or private balcony, showcasing the beauty of Rainbow Bay.

Open-Concept Living: The spacious and airy design of this apartment creates a seamless flow between the living, dining, and kitchen areas, perfect for entertaining guests or relaxing after a day at the beach.

Kitchen: The well-appointed kitchen features lovely appliances, sleek cabinetry, and a breakfast bar, making it a culinary haven for both residents and potential vacationers.

Master Suite: The master bedroom boasts an en-suite bathroom, walk-in closet, and, of course, those stunning Tweed River and Fingal views. Wake up to the sound of the waves every morning!

Investment Potential: Positioned in one of Rainbow Bay’s most sought-after locations, this property offers excellent investment potential as a holiday rental. Take advantage of the growing demand for vacation properties in this picturesque destination.

Location, Location, Location:

Situated in the heart of Rainbow Bay, you’ll be steps away from pristine sandy beaches, trendy cafes, and a vibrant local culture. Explore the nearby surf breaks of Snapper Rocks and DBar, take a leisurely stroll along the esplanade, or indulge in the diverse dining options right at your doorstep.

Investment Benefits:

Strong Rental Demand: Rainbow Bay is a hotspot for holidaymakers, ensuring a consistent demand for short-term rentals throughout the year.
Proximity to Attractions: With easy access to popular tourist attractions, your property will be in high demand among vacationers seeking a memorable beachside experience.
Proven Rental Income: This unit together with similar properties in the area have demonstrated a strong track record of rental income, making this an attractive investment opportunity.
Don’t miss the chance to own a piece of Rainbow Bay’s coastal paradise with an investment twist. Whether you’re looking for a luxurious home or a savvy investment, this two-bedroom gem on the 14th floor is a rare find. Contact us today to schedule a private viewing and start envisioning the potential of coastal living and lucrative holiday rentals!

Body Corporate Levies Yearly Net $7,797 Sinking Fund $929,403 as at 16 January 2024
Water Rates $1,330
Rates $3,258

Net Profit Holiday Rental $49,000 Owners holiday during peak periods

Property Features

Apartment
2 bed
2 bath
1 Parking Spaces
Floor Area is 156 m²
2 Toilet
Ensuite
Garage
Remote Garage
Secure Parking
Dishwasher
Built In Robes
Broadband
Tennis Court
Balcony
Outdoor Entertaining
Fully Fenced

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unit 1401/255 - 261 Boundary Street, COOLANGATTA QLD 4225

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