701/255-261 Boundary St, Coolangatta is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 429m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Positioned in the heart of highly sought-after Rainbow Bay, this elegant coastal-style residence on the 7th level presents an exceptional opportunity for both investors and owner-occupiers alike. Offering three bedrooms, three balconies, ocean views, and strong lifestyle appeal, the property combines immediate liveability with excellent rental and holiday-letting potential.
The open-plan living and dining area is bathed in natural light, with floor-to-ceiling glass sliding doors, elegant sheer curtains, and on-trend lighting for that chic feel, opening seamlessly onto a spacious balcony, perfect for relaxing, entertaining, or simply soaking in the coastal outlook, sea breezes and the soothing sounds of waves.
The white stylish kitchen combines functionality and style, featuring a renovated butler's pantry, a breakfast bar, white cabinetry, polished tapware, premium appliances and ample storage. Prepare the family dinner whilst enjoying ocean glimpses of Greenmount Beach.
The master bedroom is generously sized and immersed in sunlight and breezes, a private renovated ensuite with on-trend finishes, air conditioning, a walk-in wardrobe, and glass sliding doors framed by sheer and blackout curtains opening up to its own balcony framing a picturesque view.
The second bedroom is light and bright and also generous in size, offering floor-to-ceiling glass doors and enjoying access to the third balcony, also offering an endless skyline of blue skies and luscious green tree views. The space includes a built-in wardrobe, ceiling fan and air conditioning, and convenient proximity to the main bathroom, which has also been renovated with a chic white style, polished white vanity, and on-trend tapware. While the third bedroom adds flexibility for families, guests, or a home office.
With its flexible three-bedroom layout, multiple balconies, and desirable beachside position, the apartment is well-suited to both permanent rental and holiday letting, appealing to a broad tenant and guest demographic year-round.
The building itself delivers a true resort-style experience, designed to elevate everyday living. Residents can unwind in the heated swimming pool and spa, framed by swaying palm trees and lush tropical surrounds, or enjoy a casual hit on the half-size tennis court.
Beyond the building, the location is equally impressive. A short stroll brings you to local favourites such as Little Mali Caf and Black Dingo, where you can enjoy your morning coffee accompanied by stunning coastal views. For an elevated dining experience, indulge at Pipi's Restaurant, renowned for its exceptional cuisine, curated wine list, and sophisticated atmosphere.
Building features:
Built in 1982
43 Apartments in Building across 15 Floors
Heated Swimming pool + Heated Spa
Half-court tennis
In-house library
Manicured tropical gardens
Secure car parking with remote-control access
Well-maintained building with onsite management, ideal for investors seeking a hands-off ownership experience
Pet-friendly upon body corporate approval
Lifts
Location Highlights
Rainbow Bay Beach and Snapper Rocks a short walk
Point Danger and coastal walking tracks nearby
Easy access to Rainbow Bay Surf Club
Coolangatta cafs, restaurants and shopping precinct minutes away
Gold Coast Airport approximately 5-minute drive
Southern Cross University is close by
John Flynn Private Hospital approximately 10 minute drive
Easy access to oceanfront pathways connecting Currumbin to Rainbow Bay
Outgoings approx:
Gold Coast Council Rates $1,292/bi-annually
Water Rates $341/quarterly
Body Corporate $177/per week
Whether you're seeking a high-performing investment, a lock-and-leave holiday home, or a future coastal residence, this apartment offers a rare combination of location, flexibility, and long-term growth potential in one of the Southern Gold Coast's most tightly held beachside pockets.
Please call Team Chapman for any further information:
Jacqueline Chapman: 0404066311
Joshua Nunney: 0468 906 075
We look forward to welcoming you to our open homes.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2016 was 5948 people. By 2021 the population was 6491 showing a population growth of 9.1% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation.In 2021, 55.70% of the homes in Coolangatta were owner-occupied compared with 48.20% in 2016.
Coolangatta has 6,341 properties. Over the last 5 years, Houses in Coolangatta have seen a 90.70% increase in median value, while Units have seen a 65.68% increase. As at 30 April 2026:
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