Kristy Darragh
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2559 Rainbow Drive, Fort Pierce, FL 34981

$409,900
  • 2559 Rainbow Drive, Fort Pierce, FL 34981 Main Photo

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Active Price Reduced by $99 on March 1st, 2026
BEDS5 BATHS4 full SQUARE FEET4,080 MLS#TB8470817
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMETES & BOUNDS

Property Description

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.

2559 Rainbow Drive | MLS# TB8470817

This single family home located at 2559 Rainbow Drive, Fort Pierce, FL 34981 is currently listed for sale with an asking price of $409,900. This property was built in 1957 and has 5 bedrooms and 4 full baths with 4080 sq. ft. Rainbow Drive is located in the METES & BOUNDS subdivision. Search METES & BOUNDS real estate on www.realestatenewtampa.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.35 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $6,100
Year Built: 1957

Amenities

Other
Other

Feature Descriptions

Appliances: Other
Days on Site: 34
Directions: Take Exit 142 for FL-70 E / Okeechobee Road toward Ft. PierceAt the end of the ramp, turn left onto FL-70 EContinue approx. 2.5â??3 miles, then turn right onto US-1 S / Dixie HwyAfter ~1.2 miles, turn left onto Rainbow DrContinue straight â?? the destinat
Exterior: Frame, Wood Siding
Flood Zone Code: X
Flooring: Ceramic Tile, Concrete, Laminate, Other, Tile, Vinyl, Wood
Foundation: Block, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.35
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Septic Tank
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Other
Water: Well
Water Access Y/N: No
Zoning: RS-3 - COU

Listed By / Shown By

Listed By

Agency Name: RICHARD PETERS REALTY LLC
Agency Contact: 352-448-9712

Shown By

Agent Name: Kristy Darragh
Agent Phone: (813) 931-6700
Agency Title: Florida Executive Realty

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Estimated Payment

$ 1,540.15 per month $912.26 Principal & Interest $508.33 Property Tax $119.55 Homeowner's Insurance

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