OFF MARKET

5 Cooloola Drive
Rainbow Beach QLD 4581

Bedrooms: 3
Bathrooms: 2
Car spaces: 6
Floor area: 164m2
Land area: 750m2
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Property Details for 5 Cooloola Dr, Rainbow Beach

5 Cooloola Dr, Rainbow Beach is a 3 bedroom, 2 bathroom House with 6 parking spaces and was built in 1980. The property has a land size of 750m2 and floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
House
Year Built
1980
Floor Size
164m2
Land Size
750m2
Local Government
Gympie Regional
Lot/Plan
10/RB96912

Last Listing description (March 2023)

The owner has stipulated, tell it as it is, dont talk the home up. Where to start!
Positive - Excellent location in Rainbow Beach, a leisurely stroll to the ever-popular bowls club and a 10-minute walk into the main street, with its boutique cafes, a mixture of tourist shops, bars and pub plus the Surf Club. Blank canvas - you finish it off to your tastes and design.
Solid cavity brick construction in parts and hardwood frames in other sections. 3 bedrooms plus an office, nursery or parents retreat. An ensuite plus a main bathroom. Lock up secure garage and an inground pool. Kitchen plus lounge and separate dining.

Negatives - the home needs a lot of finishing touches, the fundamentals are there, main bathroom needs completing or a complete renovation. Kitchen is much the same, leave it as is for a simplistic life style or do a complete renovation, ensuite, outdoor pool area the list goes on.
The home is a project and no denying that.
You be the judge, come and have a look. Comparing it to other similar homes that have sold for a lot more this may be your entry into the ever popular Rainbow Beach.
Please call Phi Edmunds to arrange an inspection.

Property History for 5 Cooloola Dr, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$530,000
30 Jan 2023
  • 30 Jan 2023
    Sold for $530,000
  • 23 Jan 2023
    Listed for Sale Offers over $550,000
  • 15 Jan 2009
    Listed for Sale $499,000
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About Rainbow Beach 4581

The size of Rainbow Beach is approximately 13.3 square kilometres. It has 12 parks covering nearly 3.2% of total area. The population of Rainbow Beach in 2011 was 1,103 people. By 2016 the population was 1,241 showing a population growth of 12.5% in the area during that time. The predominant age group in Rainbow Beach is 60-69 years. Households in Rainbow Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rainbow Beach work in a managers occupation. In 2011, 57.4% of the homes in Rainbow Beach were owner-occupied compared with 57.7% in 2016.

Rainbow Beach has 1,407 properties. Over the last 5 years, Houses in Rainbow Beach have seen a 80.67% increase in median value, while Units have seen a 100.41% increase. As at 31 October 2024:

  • The median value for Houses in Rainbow Beach is $779,906 while the median value for Units is $576,051.
  • Houses have a median rent of $650 while Units have a median rent of $430.
There are currently 32 properties listed for sale, and 3 properties listed for rent in Rainbow beach on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Rainbow beach.

Suburb Insights for Rainbow Beach 4581

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.