Home in 2559 Rainbow Dr Fort Pierce for sale with MLS# TB8470817

Under contract-accepting backup offers. 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 Dr, Fort Pierce, FL 34981

Price
Price:
$352,900.00
Previous Asking Price:
$354,999.00
Original List Price:
$429,999.00
List Price per Sq Ft (Calculated, Approx.):
$86.5
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Previous Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
MLS Number:
TB8470817
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
4
Full Bath:
4
Measures
Living Area:
4,080 Sqft
Built-Up Area:
4,732 Sqft
Lot Area:
15,246 Sqft
Building Area Source:
Public Records
Living Area Source:
Public Records
Lot Size Acres:
0.35
Property Features
Waterfront:
No
Furnished:
Negotiable
Appliances:
Other
Interior:
Other
Exterior:
Other
Laundry:
Laundry Room
Air Conditioning System:
Central Air
Heating System:
Central, Electric
Property Entrance Faces:
North
Construction
Year Built:
1957
Roof:
Metal
Levels:
Two
Construction Materials:
Frame, Wood Siding, Wood Siding
Flooring:
Tile, Wood, Other, Vinyl, Laminate, Ceramic Tile, Concrete
Foundation Details:
Slab, Block
Flood Zone Code:
X
Property Condition:
Fixer
Taxes and Expenses
Tax Annual Amount:
$6,100.00
Tax Year:
2025
Utilities
Sewer:
Septic Tank
Utilities Available:
Other
Water Source:
Well
Community
Minimum Lease Term:
No Minimum
Subdivision Name:
METES & BOUNDS
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Vacant
Lease Considered:
Yes
Zoning and Legal
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)
Real Estate Folio Number (Parcel Number):
34-05-414-0007-0002
Zoning:
RS-3 - COU
Title to the property is held by owner as:
Fee Simple
Listing History
Originally published on:
January 30, 2026 7:47 pm
Active on the market since:
January 30, 2026
Listing Agreement executed on:
January 30, 2026
Purchase Contract Date:
April 17, 2026
Price change occurred on:
April 7, 2026 8:45 pm
Listing Status Last Changed On:
April 17, 2026 3:45 pm
Photos updated on:
January 30, 2026 8:20 pm
Last Modified:
April 17, 2026 3:46 pm
Additional Information
Courtesy of:
RICHARD PETERS REALTY LLC
Attribution:
352-448-9712
Road Surface Type:
Asphalt, Concrete
Location
Street Name:
RAINBOW
Street Number:
2559
City:
FORT PIERCE
State:
Florida
Zip Code:
34981
County:
St Lucie
Latitude:
N27° 22' 17.3''
Longitude:
W81° 38' 56.3''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $64,052
Median Home Value $369,100
Median Rent $1,402/mo
Median Age 34
Population 6,167

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Association of REALTORS®
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