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2559 Rainbow Drive

FORT PIERCE, FL 34981
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Bed 5

Bed

Bath 4

Bath

SqFt4,080

Sqft

Acres0.35

Acre(Lot)

Located in one of Fort Pierce’s most desirable neighborhoods on a quiet, pleasant street, this massive 4,000+ square foot, 5-bedroom, 4-bath residence is a truly rare opportunity. Originally planned as a high-end luxury renovation, the project was well underway but not fully completed- creating a chance to step in at an incredible price, finish the remaining details, and unlock substantial upside. Ideal for an investor fix-and-flip or a savvy buyer looking to create a one-of-a-kind family home, this is a true 1-of-1 opportunity. Surrounded by natural forestry and tucked away on a serene street, the property offers a private, estate-like setting rarely found. A long driveway framed by mature trees and lush greenery creates a strong sense of seclusion, while the expansive front yard provides an impressive buffer from neighboring homes and a peaceful retreat-style atmosphere. Inside, a grand open-concept living space is filled with natural light from oversized windows and multiple glass doors. The expansive layout flows seamlessly into the kitchen, anchored by a large center island with generous cabinetry and counter space, offering the perfect canvas for a high-end custom finish. High ceilings and wide sightlines enhance the sense of volume, creating a space that feels both elevated and inviting. The bathrooms feature a refined, spa-inspired design with sleek finishes, custom tilework, walk-in showers, and a statement soaking tub in the primary bath. The bedrooms are spacious, private retreats, including an upstairs bedroom accessed by a custom staircase, ideal as a primary suite, guest retreat, or in-law setup. From a renovation standpoint, this is a value-add, finish-out project rather than a full rebuild. Portions of the home are mid-renovation and ready for drywall completion, trim, paint, select flooring, and fixtures, with framed and roughed-in areas allowing flexibility to finalize layouts, storage, and closets. The backyard offers exceptional privacy with mature trees, ample space for entertaining or future enhancements, and a covered patio extending the living space outdoors. Additional features include a 2018 metal roof, well water and septic, two water heaters (2016 and 2022), and two A/C units (2016 and 2018), with one unit currently not blowing cold. Electrical is in good working order, some plumbing remains unfinished, and the garage conversion was not permitted. No HOA and no rental restrictions provide complete freedom and flexibility. Priced extremely aggressively as one of the lowest price-per-square-foot homes in the zip code, this is a standout opportunity to finish the remaining work and capture significant instant equity. Whether you’re an investor looking to complete a high-upside fix-and-flip, or a savvy buyer seeking a rare, spacious, and truly unique home to finish to your taste and place your family in long term- this property delivers exceptional value, flexibility, and upside that is rarely found.

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Detail Ic Property Details

Property Type : Residential

Price : $385,999

AD Id : 74798274

MLS Id : MFRTB8470817

Beds : 5

Lot Size : 0.35 Acre

Living Area Size : 4,080

Year Built : 1957

County : Saint Lucie

Subdivision: Metes & Bounds

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Interior Features

    Other Roof: Metal Appliances: Other Laundry Features: Laundry Room

    Roofing Information

    Metal
  • Flooring Information

    Flooring: Ceramic Tile, Concrete, Laminate, Other, Tile, Vinyl, Wood Construction Materials: Frame, Wood Siding
  • Heating & Cooling

    Heating: Central, Electric Cooling: Central Air WaterSource: Well

  • Building Information

    Year Built: 1957
  • Exterior Features

    Other Construction Materials: Frame, Wood Siding Foundation Details: Block, Slab

  • Lot Information

    Lot Square Feet: 15246 Lot Acres: 0.35 Lot Size (SqMt): 1416

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$429999

  • Tax Information

    Tax Block: N/A Tax Book Number: 4-46 Tax Lot: NA Tax Legal Description: 5 36 40 FROM NE COR OF N 375 FT OF S 1/2 OF NE 1/4 OF SE 1/4 RUN W 25 FT, TH S 254 FT, TH W 125 FT TO POB, TH CONT W 125 FT, TH S 121 FT, TH E 125 FT, TH N 121 FT TO POB (0.35 AC) (OR 4004-120) Annual Tax: $6100 Tax Year: 2025 Parcel Number: 34-05-414-0007-0002

  • Utility Information

    Other Sewer: Septic Tank Water Source: Well
  • Location Information

    Subdivision: METES & BOUNDS City: FORT PIERCE Direction: Take Exit 142 for FL-70 E / Okeechobee Road toward Ft. Pierce At the end of the ramp, turn left onto FL-70 E Continue approx. 2.5–3 miles, then turn right onto US-1 S / Dixie Hwy After ~1.2 miles, turn left onto Rainbow Dr Continue straight — the destination will be on the right:
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2535 Creekside Drive, Fort Pierce, FL, 34981 $235,000 4 4 1,834 1,834 SqFt
3833 Lancove Way, Fort Pierce, FL, 34981 $365,000 3 2 1,548 1,548 SqFt
603 Lychee Ln, Fort Pierce, FL, 34981 $384,500 4 2 1,724 1,724 SqFt
103 Pummelo Pl, Fort Pierce, FL, 34981 $373,800 3 2 1,378 1,378 SqFt
3646 S Jenkins Road, Fort Pierce, FL, 34981 $1,000,095 3 3 3,220 3,220 SqFt
5317 Stately Oaks Street, Fort Pierce, FL, 34981 $625,000 4 3 2,497 2,497 SqFt
215 Raspberry Rd, Fort Pierce, FL, 34981 $420,000 4 2 1,715 1,715 SqFt
2304 Winding Creek Lane, Fort Pierce, FL, 34981 $1,299,000 4 5 4,110 4,110 SqFt
4232 Edwards Road, Fort Pierce, FL, 34981 $275,000 2 2 1,902 1,902 SqFt
3603 River Birch Road, Fort Pierce, FL, 34981 $589,000 4 3 2,356 2,356 SqFt
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ByOwner last updated this listing 06/10/2026 @ 18:20

MLS: MFRMLS #TB8470817 LISTED BY: Ronald Ryder, RICHARD PETERS REALTY LLC 352-448-9712 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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