2559 RAINBOW DRIVE
Fort Pierce, FL, 34981 $ 429,999
Bedrooms5 Baths4.0 Sq 4,080 Monthly Estimate*
$ 2,648
for $429,999 with 5 bedrooms and 4 full baths. This 4,080 square foot home was built in 1957 on a lot size of 0.35.
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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FeaturesGeneralSewer Septic Tank
Heating Central Electric
Cooling Central Air
Utilities Other
Roof Metal
Appliances Other
Zoning RS-3 - COU
Construction Materials Wood Frame Wood Siding
Year Built 1957
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County St Lucie
New Construction false
Property Type Residential
Subdivision Name METES & BOUNDS
Facing Direction North
Garage Y/N false
Total Rooms 3
Full Baths 4
Status Active
Directions 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:
City FORT PIERCE
Senior Community Y/N false
MLS Area 34981 - Fort Pierce
Lot Size Units Square Feet
Lot Size Square Feet 15246
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 6100
Property Condition Fixer
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8470817
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot NA
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)
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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InteriorInterior Amenities Other
Flooring Ceramic Tile Concrete Laminate Other Tile Vinyl Hardwood
Furnished Y/N Negotiable
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 5
Total Baths 4
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ExteriorExterior Amenities Other
Water Source Well
Lot Size Area 15246
Foundation Details Block Slab
Building Area Total 4732
Lot Size Acres 0.35
Road Surface Type Asphalt Concrete
Private Pool false
Waterfront Y/N false
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* Excluded FeaturesList ByRichard Peters Realty LlcBroker
rryder@richardpetersrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,648
- Monthly Property Taxes
- $508
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Fort Pierce, FL
Average List Price $474,952
Percent of Sale Price 10%
About Fort Pierce, FL 45,144 Population
10% Since 2002
$ 28,896 Median Income
38.08 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/30/2026 | $429,999 | | Listed Price |