To schedule a showing of 2559 Rainbow Drive, Fort Pierce, Florida, Call David Shippey at 863-521-4517 TODAY!

$385,999 Reduced -$13,901
2559 Rainbow Drive
Fort Pierce, FL 34981
  • 5Beds
  • 4.00Total Baths
  • 4 Full, 0 HalfBaths
  • 4,080SqFt
  • 1957Year Built
  • 0.35Acres
  • MLS# TB8470817
  • Residential
  • SingleFamilyResidence
  • Active

  • Approx Time on Market4 months, 4 days
  • Area34981 - Fort Pierce
  • CountySt Lucie
  • Subdivision Metes & Bounds

Overview

Located in one of Fort Pierces 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 youre 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.



Agriculture / Farm

Association Fees / Info

Bathroom Info

Total Baths:  4.00

Fullbaths:  4

Building Info

Roof:  Metal

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Exterior Features:  Other

Fees / Restrictions

Financial

Original Price:  $429,999

Garage / Parking

Green / Env Info

Interior Features

Floors:  Concrete, CeramicTile, Laminate, Other, Tile, Vinyl, Wood

Levels:  Two

Laundry Features:  LaundryRoom

Interior Features:  Other

Lot Info

Direction Remarks:  Take Exit 142 for FL-70 E / Okeechobee Road toward Ft. PierceAt the end of the ramp, turn left onto FL-70 EContinue approx. 2.5-3 miles, then turn right onto US-1 S / Dixie HwyAfter ~1.2 miles, turn left onto Rainbow DrContinue straight the destination will be on the right:

Lot Size Units:  Acres

Lot Size Acres:  0.35

Lot Sqft:  15,246

Misc

Other

Special Conditions:  None

Other Rooms Info

Property Info

Section:  05

Class Type:  SingleFamilyResidence

Property Sub Type:  SingleFamilyResidence

Property Condition:  Fixer

Construction Materials:  WoodSiding, WoodFrame

Stories:  2

Foundation:  Block, Slab

Human Modified:  Yes

Room Info

Total Rooms:  3

Sqft Info

Sqft:  4,080

Bulding Area Sqft:  4,732

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,025

Tax Lot:  NA

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)

Tax Block:  N/A

Tax Annual Amount:  6100

Tax Book Number:  4-46

Unit Info

Utilities / Hvac

Heating:  Central, Electric

Water Source:  Well

Sewer:  SepticTank

Cool System:  CentralAir

Cooling:  Yes

Heating:  Yes

Utilities:  Other

Waterfront / Water

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. 2.5-3 miles, then turn right onto US-1 S / Dixie HwyAfter ~1.2 miles, turn left onto Rainbow DrContinue straight the destination will be on the right:

This listing courtesy of Richard Peters Realty Llc 

Mortgage Calculator

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Price & Status History (on davidshippey.com since Fri, Jan 30th 2026)
  • Original Price: $429,999
  • Current Price: $385,999
  • Price Reduced: $44,000
Date ChangedFromTo
06/01/2026$399,900 $385,999 Reduced by $13,901
05/27/2026$351,000 $399,900 Increase by $48,900
05/22/2026$699,900 $351,000 Reduced by $348,900
05/20/2026$352,900 $699,900 Increase by $347,000
04/17/2026ActivePending
04/07/2026$354,999 $352,900 Reduced by $2,099
03/25/2026$359,900 $354,999 Reduced by $4,901
03/21/2026$362,999 $359,900 Reduced by $3,099
03/19/2026$367,900 $362,999 Reduced by $4,901
03/17/2026$369,900 $367,900 Reduced by $2,000
03/16/2026$374,374 $369,900 Reduced by $4,474
03/11/2026$408,999 $374,374 Reduced by $34,625
03/07/2026$409,900 $408,999 Reduced by $901
03/01/2026$409,999 $409,900 Reduced by $99
02/20/2026$999,999 $409,999 Reduced by $590,000
02/19/2026$411,900 $999,999 Increase by $588,099
02/16/2026$414,999 $411,900 Reduced by $3,099
02/11/2026$417,900 $414,999 Reduced by $2,901
02/09/2026$419,999 $417,900 Reduced by $2,099
02/06/2026$421,999 $419,999 Reduced by $2,000
02/03/2026$426,900 $421,999 Reduced by $4,901
02/01/2026$429,999 $426,900 Reduced by $3,099

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If you have any questions on 2559 Rainbow Drive, Fort Pierce, Florida, please call David Shippey at 863-521-4517.


MLS# TB8470817 located at 2559 Rainbow Drive, Fort Pierce, Florida is brought to you by David Shippey REALTOR®

2559 Rainbow Drive, Fort Pierce, Florida has 5 Beds, 4 Full Bath, and 0 Half Bath.
The MLS Number for 2559 Rainbow Drive, Fort Pierce, Florida is TB8470817.
The price for 2559 Rainbow Drive, Fort Pierce, Florida is $385,999.
The status of 2559 Rainbow Drive, Fort Pierce, Florida is Active.
The subdivision of 2559 Rainbow Drive, Fort Pierce, Florida is Metes & Bounds.
The home located at 2559 Rainbow Drive, Fort Pierce, Florida was built in 2026.