To summarize some of the above posts
Topological Boundary
No topological space by itself is a topological boundary since every point in it is an interior point.
The topological boundary of a subset of a topological space is those points which are in its closure that are not in its interior.
As a subset of Euclidean space a sphere is closed and has no interior. So it is its own topological boundary as a subset of Euclidean space.
Manifolds with Boundary
The topological boundary of a half space in Euclidean space, for instance the points whose x coordinate is non-negative, is those points whose x coordinate is equal to zero.
A manifold with boundary is defined as locally homeomorphic to a open set of a Euclidean half space of fixed dimension. Its boundary is those points that are mapped to the boundary of the Euclidean half space i.e. those points whose x coordinate is zero. The Euclidean half space is itself a manifold with boundary. So its topological boundary as a subset of Euclidean space and its "manifold boundary" are the same set.
A sphere is everywhere locally homeomorphic to an open subset of Euclidean space.
@mathwonk in post #6 gives an elementary proof. So a sphere has no boundary as a manifold. Using that proof one can start with a parameterization around one point and others can be obtained by following the parameterization by a rotation of the sphere.
The manifold-boundary of a manifold is another manifold since each point on the boundary is surrounded by a open subset of the boundary of the Euclidean half space. This manifold does not have a boundary as
@martinb says in post #5. This is easily seen from the definition of a manifold with boundary.
A Caveat: One might ask whether an open neighborhood of a boundary point on a manifold is itself homeomorphic to an open subset of Euclidean space in which case the definition of boundary would be redundant. The answer is no as
@mathwonk proves in post #16.
A Picture: If one slices a n dimensional sphere along its equator, it falls apart into two n dimensional closed balls whose boundaries are the shared equatorial n-1 sphere. In the process a small, open ball around a point on the equator is split into two sets that look like small open subsets of Euclidean half space. When one glues the two large closed balls back together to get the sphere again, these two sets around the equator are pasted along their boundaries to make a small open ball. So all of the boundary points disappear and the sphere has no boundary. In the case of the 3 sphere its equator is a regular two dimensional sphere and the two pieces are ordinary solid balls. In 4 space these balls are puffed up into the fourth dimension but one can deflate them so that they reside in 3 space. A good visualization is then to imagine how the boundary spheres are glued back together to make the 3 sphere.
Footnote: One of the profound questions of 20'th century mathematics was 'When is a closed manifold without boundary the boundary of another manifold?'. The 3 sphere for instance has no boundary but is the boundary of a closed ball of one higher dimension. Incredibly, there are compact manifolds without boundary that cannot be made into the boundary of another manifold. The simplest example is the real projective plane. Mathematicians would say, "The projective plane is not a boundary". While this question was in some sense completely answered using Algebraic and Differential Topology, I know of no intuitive picture that tells the story.