23/265-269 Boundary Street, Coolangatta, Qld 4225

Set in the heart of sought-after Rainbow Bay, this impressive three bedroom sub-penthouse combines stunning coastal views with an enviable beachside lifestyle. Offering exceptional space and versatility, it presents an outstanding opportunity for those seeking a permanent residence, holiday home, or quality investment. This property is being offered for the first time in thirty five years and is in original condition and looking for the next owner to renovate and create their own paradise.

Featuring two large wrap-around balconies that capture the warmth of the northern sun and look down on the world famous Snapper Rocks. From the kitchen, enjoy the sight and sound of breaking waves across Rainbow Bay - an exceptional opportunity to experience true beachside living.
The master bedroom wing enjoys lovely views and features a private sitting area, walk-in robe and spacious ensuite with dual vanities. The second bedroom also offers a walk-in robe and ensuite-style bathroom/laundry, while the third bedroom includes a built-in robe and its own ensuite. Basement parking for two cars or could be used as storage for surfboards and other beach gear.

Rainbow Bay Resort is a tightly held complex of just 24 apartments, offering a relaxed resort-style lifestyle with a large swimming pool, spa and sauna. With experienced on-site management and a strong base of returning guests, it also presents an attractive opportunity for investors seeking established holiday letting potential.

Council Rates: $4,522 per annum
Water Rates: $448 per quarter
Body Corporate Fees: $336 per week
Sinking Fund: $302,833 as of August 2026

Opportunities offering this level of space, functionality and value in Rainbow Bay are rare. Don't miss your chance to secure this exceptional apartment.