Listing provided courtesy of RICHARD PETERS REALTY LLCas Distributed by MLSGrid- MLS# MFRTB8470817MLS Provider

2559 RAINBOW DRIVEFORT PIERCE, FL 34981

Single Family · 5 Beds · 4 Full Baths · 4,080 Sq. ft. | 0.35 Acres
$79,999 Active

2559 RAINBOW DRIVE Overview

Time on Site:
151 days
Visits:
14

<OFFERING SELLER-FINANCE><OFFERING SUBJECT-TO><LAST PRICE REDUCTION><FIRE SALE><HIGHEST & BEST BY 06/29/26> 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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2559 RAINBOW DRIVE Facts & Features

  • Type Single Family
  • Sq. ft. 4,080
  • Price/Sq.ft. $20
  • Lot 0.35 Acres

Details

General

Association/HOA

  • Association: No

Building Information

  • New Construction: No
  • Year Built: 1957

Location/Region

  • Country: US
  • County Or Parish: St Lucie
  • MLS Area Major: 34981 - Fort Pierce
  • Subdivision Name: METES & BOUNDS
  • Township: 36

Tax Information

  • Tax Annual Amount: 6100
  • Tax Year: 2025

General Information

  • Furnished: Negotiable
  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 34-05-414-0007-0002
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: RS-3 - COU

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 4732
  • Building Area Units: Square Feet

General Information

  • Appliances: Other
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Ceramic Tile,Concrete,Laminate,Other,Tile,Vinyl,Wood
  • Foundation Details: Block,Slab
  • Heating: Central,Electric
  • Interior Features: Other
  • Laundry Features: Laundry Room
  • Levels: Two
  • Living Area: 4080
  • Living Area Source: Public Records
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.35
  • Lot Size Square Feet: 15246
  • Road Surface Type: Asphalt,Concrete
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame,Wood Siding
  • Direction Faces: North
  • Roof: Metal

General Information

  • Carport: No
  • Exterior Features: Other
  • Pool Private: No
  • Sewer: Septic Tank
  • Utilities: Other

Room Information

Room: Kitchen

  • Level: First

Room: Living Room

  • Level: First

Room: Primary Bedroom

  • Level: Second

2559 RAINBOW DRIVE Neighborhood

Community

34981 (Fort Pierce) Demographics

39
Median Age
545
Population Density (per sq. mile)
31%
College Educated
$54,692
Estimated Median Income
1,038
Estimated Total Home Owners
583
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2559 RAINBOW DRIVE Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2559 RAINBOW DRIVE Market Data

Based on the last 30 days in this zip code

$591,102
Average List Price
$281
Average Price per Square Foot
0
Properties Sold
69
Average Days on Market
76
Properties for Sale
Calculations provided by Reliance Network

2559 RAINBOW DRIVE History

Date Event Value Agent
6/27/2026Source: My Florida Regional MLS Price Reduction
$79,999 -78.3%
6/23/2026Source: My Florida Regional MLS Price Reduction
$367,900 -4.7%
6/1/2026Source: My Florida Regional MLS Price Reduction
$385,999 -3.5%
5/27/2026Source: My Florida Regional MLS Price Increase
$399,900 13.9%
5/22/2026Source: My Florida Regional MLS Price Reduction
$351,000 -49.8%
5/20/2026Source: My Florida Regional MLS Price Increase
$699,900 98.3%
5/20/2026Source: My Florida Regional MLS Status Change
Active
4/17/2026Source: My Florida Regional MLS Status Change
Pending
4/7/2026Source: My Florida Regional MLS Price Reduction
$352,900 -0.6%
3/25/2026Source: My Florida Regional MLS Price Reduction
$354,999 -1.4%
3/21/2026Source: My Florida Regional MLS Price Reduction
$359,900 -0.9%
3/19/2026Source: My Florida Regional MLS Price Reduction
$362,999 -1.3%
3/17/2026Source: My Florida Regional MLS Price Reduction
$367,900 -0.5%
3/16/2026Source: My Florida Regional MLS Price Reduction
$369,900 -1.2%
3/11/2026Source: My Florida Regional MLS Price Reduction
$374,374 -1.5%
3/9/2026Source: My Florida Regional MLS Price Reduction
$379,999 -7.1%
3/7/2026Source: My Florida Regional MLS Price Reduction
$408,999 -0.2%
3/2/2026Source: My Florida Regional MLS Price Reduction
$409,900 -0.0%
2/20/2026Source: My Florida Regional MLS Price Reduction
$409,999 -59.0%
2/19/2026Source: My Florida Regional MLS Price Increase
$999,999 142.8%
2/16/2026Source: My Florida Regional MLS Price Reduction
$411,900 -0.7%
2/11/2026Source: My Florida Regional MLS Price Reduction
$414,999 -0.7%
2/9/2026Source: My Florida Regional MLS Price Reduction
$417,900 -0.5%
2/5/2026Source: My Florida Regional MLS Price Reduction
$419,999 -0.5%
2/3/2026Source: My Florida Regional MLS Price Reduction
$421,999 -1.1%
2/1/2026Source: My Florida Regional MLS Price Reduction
$426,900 -0.7%
1/30/2026Source: My Florida Regional MLS Added to Database
January 30, 2026