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$354,999
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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.
Full Property Details
Full Property Details for 2559 Rainbow Dr
General
- Price: $354,999
- Taxes: $6,100 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8470817
- Updated: 3/25/2026
- Added to Site: 67 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 3
- Interior Features: Other
- Appliances: Other
- Furnishings: Negotiable
- Flooring: Ceramic Tile, Concrete, Laminate, Other, Tile, Vinyl, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Other
Location
- Area: 34981 - Fort Pierce
- County: St Lucie
- Development Name: 34981 - Fort Pierce
- Subdivision: METES & BOUNDS
- Driving 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:
- Direction Faces: North
Community
- Community Name: 34981 - Fort Pierce
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Other
Structural Information
- Exterior Const.: Wood Frame, Wood Siding
- Roof: Metal
- Stories/Levels: Two
- Square Feet: 4,080
- Sq. Ft. Source: Public Records
- Year Built: 1957
Lot Features
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,246
- Lot Size: 15246
- Street/Road Desc.: Asphalt, Concrete
Financial Considerations
- Tax Amount: $6,100
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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)
- Flood Zone Info: X
- APN: 340541400070002
- Property ID: 340541400070002
Listed by Richard Peters Realty Llc
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Schools
Schools serving 2559 Rainbow Dr
School District:St. Lucie County School District
| Name | Grades | Distance |
|---|---|---|
Rivers Edge Elementary School 5600 Ne Saint James Dr, Port St. Lucie, FL 34983 | K-5 | 0.7 mi |
Parkway Elementary School, Port St. Lucie, FL 7000 Nw Selvitz Rd, Port St. Lucie, FL 34983 | PK-5 | 2 mi |
Savanna Ridge Elementary School 6801 Se Lennard Rd, Port St. Lucie, FL 34952 | PK-5 | 2.9 mi |
Southern Oaks Middle School 5500 Ne Saint James Dr, Port St. Lucie, FL 34983 | 6-8 | 0.7 mi |
Fort Pierce Central High School 4101 South 25th Street, Fort Pierce, FL 34981 | 9-12 | 1.4 mi |
Southport Middle School 2420 Se Morningside Blvd, Port St. Lucie, FL 34952 | 6-8 | 7.7 mi |
Northport K-8 School 250 Nw Floresta Dr, Port St. Lucie, FL 34983 | PK-8 | 3.2 mi |
Floresta Elementary School 1501 Se Floresta Dr, Port St. Lucie, FL 34983 | PK-5 | 5.5 mi |
Village Green Environmental Studies School 1700 Se Lennard Rd, Port St. Lucie, FL 34952 | PK-5 | 6.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2559 Rainbow Dr
Date
Details
Price
Change
Source
3/25/2026
Price Reduced
$354,999
-1.36%
MLS
3/21/2026
Price Reduced
$359,900
-0.85%
MLS
3/19/2026
Price Reduced
$362,999
-1.33%
MLS
3/17/2026
Price Reduced
$367,900
-0.54%
MLS
3/16/2026
Price Reduced
$369,900
-1.2%
MLS
3/11/2026
Price Reduced
$374,374
-1.48%
MLS
3/09/2026
Price Reduced
$379,999
-7.09%
MLS
3/07/2026
Price Reduced
$408,999
-0.22%
MLS
3/01/2026
Price Reduced
$409,900
-0.02%
MLS
2/20/2026
Price Reduced
$409,999
-59%
MLS
1/30/2026
Listed
$999,999
258.42%
MLS
5/30/2017
Sold
$279,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2559 Rainbow Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,797
—
$288,613
7%
2024
$5,797
4%
$269,882
-22%
2023
$5,576
9%
$344,800
46%
2022
$5,136
6%
$236,551
7%
2021
$4,831
—
$221,819
6%
2021
$4,831
33%
$209,900
—
2018
$3,631
-3%
$209,700
1%
2019
$3,738
12%
$206,800
37%
2017
$3,339
48%
$151,100
37%
2016
$2,263
13%
$110,600
31%
2015
$2,011
-11%
$84,400
-14%
2014
$2,267
1%
$98,500
1%
2013
$2,246
—
$97,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2559 Rainbow Dr
2559 Rainbow Drive, Fort Pierce, FL 34981 (MLS# TB8470817) is a Single Family property with 5 bedrooms and 4 full bathrooms. 2559 Rainbow Drive is currently listed for $354,999 and was received on January 30, 2026. Want to learn more about 2559 Rainbow Drive? Do you have questions about finding other Single Family real estate for sale in Fort Pierce? You can browse all Fort Pierce real estate or contact a Coldwell Banker agent to request more information.

