Formally, the classical continuum "exists" in the sense that that it is possible to axiomatically define connected and compact sets of dimensionless points that possesses a model that is unique up to isomorphism thanks to the categoricity of second order logic.
But the definition isn't constructive and is extensionally unintelligible for some of the reasons you pointed out in the OP. Notably, Dedekind didn't believe in the reality of cuts of the continuum at irrational numbers and only in the completeness of the uninterpreted formal definition of a cut. Furthermore, Weyl, Brouwer, Poincare and Peirce all objected to discrete conceptions of the continuum that attempted to derive continuity from discreteness. For those mathematicians and philosophers, the meaning of "continuum" cannot be represented by the modern definition that is in terms of connected and compact sets of dimensionless points. E.g, Peirce thought that there shouldn't be an upper bound on the number of points that a continuum can be said to divide into, whereas for Brouwer the continuum referred not to a set of ideal points, but to a linearly ordered set of potentially infinite but empirically meaningful choice sequences that can never be finished.
The classical continuum is unredeemable, in that weakening the definition of the reals to allow infinitesimals by removing the second-order least-upper bound principle, does not help if the underlying first-order logic remains classical, since it leads to the same paradoxes of continuity appearing at the level of infinitesimals, resulting in the need for infinitesimal infinitesimals and so on, ad infinitum.... whatever model of the axioms is chosen.
Alternatively, allowing points to have positions that are undecidable, resolves, or rather dissolves, the problem of 'gaps' existing between dimensionless points, in that it is no longer generally the case that points are either separated or not separated, meaning that most of the constructively valid cuts of the continuum occur at imprecise locations for which meta-mathematical extensional antimonies cannot be derived.
Nevertheless this constructively valid subset of the classical continuum remains extensionally uninterpretable, for when cut at any location with a decidable value, we still end up with a standard Dedekind Cut such as (-Inf,0) | [0,Inf) , in which all and only the real numbers less than 0 belong to the left fragment, and with all and only the real numbers equal or greater than 0 belonging to the right fragment, which illustrates that a decidable cut isn't located
at any real valued position on the continuum. Ultimately it is this inability of the classical continuum to represent the location of a decidable cut, that is referred to when saying that the volume of a point has "Lebesgue measure zero". And so it is tempting to introduce infinitesimals so that points can have infinitesimal non-zero volume, with their associated cuts located infinitesimally close to the location of a real number.
The cheapest way to allow new locations for cuts is to axiomatize a new infinitesimal directly, that is defined to be non-zero but smaller in magnitude than every real number and whose square equals 0, as is done in smooth infinitesimal analysis, whose resulting continuum behaves much nicer than the classical continuum for purposes of analysis, even if the infinitesimal isn't extensionally meaningful. The resulting smooth continuum at least enforces that every function and its derivatives at every order is continuous, meaning that the continuum is geometrically much better behaved than the classical continuum that allows pathological functions on its domain that are discontinuous, as well as being geometrically better behaved than Brouwer's intuitionistic continuum that in any case is only supposed to be a model of temporal intuition rather than of spatial intuition, which only enforces functions to have uniform continuity.
The most straightforward way of getting an extensionally meaningful continuum such as a one dimensional line, is to define it directly in terms of a point-free topology, in an analogous manner to Dedekind's approach, but without demanding that it has enough cuts to be a model of the classical continuum. E.g, one can simply define a "line" as referring to a
filter, so as to ensure that a line can never be divided an absolutely infinite number of times into lines of zero length, and conversely, one can define a collection of "points" as referring to an
ideal, so as to ensure that a union of points can never be grown for an absolutely infinite amount of time into having a volume equaling that of the smallest line. This way, lines and points can be kept apart without either being definable in terms of the other, so that one never arrives at the antimonies you raised above.