Back unit 1401/255 Boundary Street
Off Market

unit 1401/255 Boundary Street

Coolangatta QLD 4225

2
2
1
156 m²
Apartment
Last sold for $1,400,000
Karen ShawKaren Shaw, last sold this property on 26 March 2024 after 48 days on market.

Overview

Exquisite Ocean-View Retreat in Rainbow Bay

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

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
156 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Coolangatta over the last 12 months, the estimated median property value of unit 1401/255 Boundary Street is $1.27m.

Median value
$1.27m
Estimated value range
$695k - $2.85m
Median days on market
31
Estimated value trend
22%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Coolangatta. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for unit 1401/255 Boundary Street

2024
Sold
$1,400,000
Private Sale/Treaty on 26 Mar 2024 by Karen Shaw, of Ras360 Property Solutions

Happy sellers in Coolangatta

84%
84% of sellers in Coolangatta reported that their sale price either exceeded or met their price expectations.

Coolangatta stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 70 reviews in Coolangatta over the last 12 months.

Local market activity for 2 bedroom apartments in Coolangatta

In the last 12 months, 63 two-bedroom apartments similar to unit 1401/255 Boundary Street, have been sold.

This represents a 19% increase in two-bedroom apartments sales when compared to the previous 12 months.

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