Unmatched Luxury, Redevelopment and Investment Opportunity in Rainbow Bay

Imagine waking up to the sound of crashing waves and stepping outside to breathtaking ocean views. This exceptional property in Rainbow Bay, Coolangatta, offers exactly that, and so much more! This truly unique offering comprises two beautifully renovated, separate living spaces – all conveniently situated under one title. Perfect for dual living arrangements, a dedicated teenager’s retreat, or maximising your rental income, this property presents an opportunity unlike any other.

Elevated and positioned just a street back from the stunning Rainbow Bay coastline, step out of your door and breathe in the fresh ocean air – the beach is an idyllic 90 meters away. Scenic walking paths along the coastline provide endless opportunities for exploration, while the property itself remains nestled in a peaceful enclave. Imagine starting your day with a sunrise walk on the beach, or unwinding with a sunset stroll after a long day.

The light-filled and spacious penthouse apartment offers an idyllic retreat, perfect for soaking in the breathtaking coastal scenery. Expansive ocean views grace the spacious balcony, creating a seamless extension of the living and dining areas – ideal for entertaining or unwinding al fresco. Unleash your inner chef in the large kitchen, featuring a versatile island bench that provides ample workspace for culinary creations. Bathed in natural light, the open-plan living and dining areas offer a truly inviting atmosphere. Expansive bi-fold doors seamlessly connect these spaces to a private balcony, creating a perfect indoor-outdoor flow. Imagine stepping out for a morning coffee on the balcony, enjoying the fresh air and sunshine. This seamless connection extends your living space, making it ideal for entertaining or simply relaxing al fresco. Whether you’re hosting a summer barbecue or enjoying a quiet evening under the stars, the balcony becomes an extension of your home, adding another dimension to your coastal lifestyle. The oversized laundry room goes above and beyond, doubling as a butler’s pantry for additional storage and functionality.

Three inviting bedrooms provide restful retreats. The master suite, a luxurious haven, boasts a private Juliet balcony offering a tranquil escape to soak in the views and cool coastal breeze. An ensuite bathroom and a spacious walk-in robe complete this private sanctuary. The second bedroom offers a comfortable queen-sized bed, a ceiling fan for added comfort, and built-in robes for storage. The third bedroom features built-in robes, and bunks, perfect for children or extra guests. All bedrooms offer air conditioning for year-round comfort A spacious main bathroom with a separate toilet caters to the needs of the household.

Adding unmatched versatility to this property is the completely separate living space on the lower ground floor, boasting council approval for complete peace of mind. This renovated haven offers both functionality and privacy with its own private entry. The extra-large open-plan living area is cleverly split over two levels, providing ample space for living on the entry level, while the lower level transforms into a flexible haven – perfect for a pool table, gym, or even a home office. A well-appointed bedroom with a full bathroom ensures comfortable accommodation, while a separate laundry room keeps things organised. For added convenience and security, a private and secure lock-up double garage resides within the complex’s gated basement, offering ample storage space for surfboards, motorbikes, bicycles, or even a boat or trailer.

This exceptional property doesn’t stop at stunning views and dual living. Zoned RD7 for high-density residential development, it presents a prime investment opportunity for the future.

Nestled in the heart of one of the Gold Coast’s most sought-after locations, Rainbow Bay, the property enjoys close proximity to a vibrant selection of cafes, restaurants, bars and public transport – all within walking distance! Just a short 8-minute drive from the Gold Coast International and Domestic Airport and a 45-minute drive to Byron Bay. Renowned for its turquoise blue waters lapping against miles of powdery white sands. Two rocky outcrops flank the bay on either side – Snapper Rocks and Greenmount. This stretch of coastline is a surfer’s paradise, forming part of the World Surfing Reserve and boasting the city’s most famous point break. The dominant southeast swell refracts around Snapper Rocks, creating an extended ride for experienced board riders seeking a fast-paced break.

This utterly unique property offers a quintessential coastal lifestyle unlike anything else on the market! Don’t miss out on this exceptional opportunity! Contact Karen Pirie today to arrange an inspection or enquire to receive further information.

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.
Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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