2559 RAINBOW DRIVE
Fort Pierce, FL, 34981
$
359,900
Bedrooms5
Baths4.0
Sq
4,080
Monthly Estimate*
$
2,216
for $359,900 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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Features
General
Sewer
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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Interior
Interior 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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Exterior
Exterior 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 Features
List By
Richard Peters Realty Llc
Broker
rryder@richardpetersrealty.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $2,216
- 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
Nearby
Single family listings in Fort Pierce, FL
Average List Price
$480,145
Percent of Sale Price
33%
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 |
|
3/21/2026
|
$359,900
|
-0.85%
|
Price Down
|
|
3/19/2026
|
$362,999
|
-1.33%
|
Price Down
|
|
3/17/2026
|
$367,900
|
-0.54%
|
Price Down
|
|
3/16/2026
|
$369,900
|
-1.20%
|
Price Down
|
|
3/11/2026
|
$374,374
|
-1.48%
|
Price Down
|
|
3/10/2026
|
$379,999
|
-7.09%
|
Price Down
|
|
3/7/2026
|
$408,999
|
-0.22%
|
Price Down
|
|
3/1/2026
|
$409,900
|
-0.02%
|
Price Down
|
|
2/20/2026
|
$409,999
|
-59.00%
|
Price Down
|
|
2/19/2026
|
$999,999
|
142.78%
|
Price Up
|
|
2/16/2026
|
$411,900
|
-0.75%
|
Price Down
|
|
2/11/2026
|
$414,999
|
-0.69%
|
Price Down
|
|
2/9/2026
|
$417,900
|
-0.50%
|
Price Down
|
|
2/6/2026
|
$419,999
|
-0.47%
|
Price Down
|
|
2/3/2026
|
$421,999
|
-1.15%
|
Price Down
|
|
2/1/2026
|
$426,900
|
-0.72%
|
Price Down
|
|
1/30/2026
|
$429,999
|
|
Listed Price
|