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Under contract
  • Price increase: $285K (6/30)
    $364,999

    2559 Rainbow Dr, Fort Pierce, FL 34981

    5beds
    4,080sqft
    : 
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    Single Family Residence
    Built in 1957
    0.35 Acres Lot
    $-- Zestimate®
    $89/sqft
    $-- HOA

    What's special

    Grand open-concept living spacePrivate estate-like settingSerene streetPeaceful retreat-style atmosphereSurrounded by natural forestryQuiet pleasant streetAmple space for entertaining
    Under contract-accepting backup offers. <OFFERING SELLER-FINANCE><OFFERING SUBJECT-TO><LAST PRICE REDUCTION><FIRE SALE><HIGHEST & BEST BY 06/29/26> 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.
    163 days
    |
    4,219
    |
    255
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ronald Ryder 305-302-9806,

    RICHARD PETERS REALTY LLC 786-418-1388

    Source: Stellar MLS,MLS#: TB8470817MLS LogoOriginating MLS: Suncoast Tampa

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Primary bedroom
      • Features: Built-in Closet
      • Level: Second
      Kitchen
      • Level: First
      Living room
      • Level: First
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Other
      • Laundry: Laundry Room
      Features
      • Other
      • Flooring: Ceramic Tile, Concrete, Laminate, Other, Tile, Vinyl, Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 4,732
      • Total interior livable area: 4,080 sqft
      Video & virtual tour

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Other
      Lot
      • Size: 0.35 Acres
      Details
      • Parcel number: 340541400070002
      • Zoning: RS-3 - COU
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Wood Siding
      • Foundation: Block, Slab
      • Roof: Metal
      Condition
      • Fixer
      • New construction: No
      • Year built: 1957

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Other

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: METES & BOUNDS
      HOA
      • Has HOA: No
      Location
      • Region: Fort Pierce

      Financial & listing details

      • Price per square foot: $89/sqft
      • Tax assessed value: $342,400
      • Annual tax amount: $6,100
      • Date on market: 1/30/2026
      • Cumulative days on market: 127 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Road surface type: Asphalt, Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/8/2026Contingent$364,999$89/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        7/4/2026Pending sale$364,999$89/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        6/30/2026Price change$364,999+356.3%$89/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        6/27/2026Price change$79,999-78.3%$20/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        6/23/2026Price change$367,900-4.7%$90/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        6/1/2026Price change$385,999-3.5%$95/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        5/28/2026Price change$399,900+13.9%$98/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        5/22/2026Price change$351,000-49.8%$86/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        5/20/2026Price change$699,900+98.3%$172/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        4/17/2026Pending sale$352,900$86/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        4/7/2026Price change$352,900-0.6%$86/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/25/2026Price change$354,999-1.4%$87/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/21/2026Price change$359,900-0.9%$88/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/19/2026Price change$362,999-1.3%$89/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/17/2026Price change$367,900-0.5%$90/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/16/2026Price change$369,900-1.2%$91/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/11/2026Price change$374,374-1.5%$92/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/10/2026Price change$379,999-7.1%$93/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/7/2026Price change$408,999-0.2%$100/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        3/1/2026Price change$409,9000%$100/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        2/20/2026Price change$409,999-59%$100/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        2/19/2026Price change$999,999+142.8%$245/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        2/16/2026Price change$411,900-0.7%$101/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        2/11/2026Price change$414,999-0.7%$102/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        2/9/2026Listed for sale$417,900+49.3%$102/sqft
        Source: Stellar MLS #TB8470817 Report a problem
        5/31/2017Sold$279,900+131.3%$69/sqft
        Source: BeachesMLS #R10315343 Report a problem
        9/16/2016Sold$121,000+21%$30/sqft
        Source: BeachesMLS #R10256289 Report a problem
        2/2/2011Sold$100,000-28.6%$25/sqft
        Source: Public Record Report a problem
        2/14/2002Sold$140,000$34/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,100 +5.2%$288,613 +6.9%
        2024$5,797 +4%$269,882 +6.9%
        2023$5,576 +8.6%$252,533 +6.8%
        2022$5,136 +6.3%$236,551 +6.6%
        2021$4,831 +28.6%$221,819 +5.7%
        2020$3,757 $209,900 +1.5%
        2019$3,757 +0.5%$206,800 -1.4%
        2018$3,738 +2.9%$209,700 +39.2%
        2017$3,631 +8.7%$150,700 +36.3%
        2016$3,339 +47.5%$110,600 +31%
        2015$2,263 +12.5%$84,400 -14.3%
        2014$2,011 $98,500 +1.3%
        2013-- $97,200 -0.7%
        2012-- $97,900 +28.1%
        2011-- $76,450 +10%
        2010-- $69,500 -24.5%
        2009-- $92,100 -53.1%
        2008-- $196,300 -13.8%
        2007-- $227,700 +52.5%
        2006-- $149,294 +3%
        2005-- $144,946 +3%
        2004-- $140,724
        2003-- --
        2002-- --
        2001-- --
        2000-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: White City

        Getting around

        20 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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