2559 RAINBOW DRIVE, Fort Pierce, FL, 34981 | $409,900

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.

Features

  • Rooms: 3
  • Bedrooms: 5
  • Baths: 4 full
  • Laundry: Laundry Room
  • Year Built: 1957
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 4,080
  • Acreage: 0.35
  • Est. Taxes: $6,100
  • Appliances: Other
  • MLS#: TB8470817
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /prop/TB8470817/2559rainbowdrive_fortpierce_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 3/7/2026 10:47:07 AM)
Listing courtesy of RICHARD PETERS REALTY LLC   Phone: 352-448-9712

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NMLS Mortgage Loan Originator ID 16953

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2559 RAINBOW DRIVE, Fort Pierce, FL, 34981

$409,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $327,920 $327,920 $327,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.258% 6.292% 5.628%
Monthly Tax Payment $508 $508 $508
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,888 $1,992 $2,658
Total Monthly Payment $2,471 $2,575 $3,241

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.