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Sold for $351,500
  • $351,500

    2559 RAINBOW DRIVE, FORT PIERCE, FL 34981

    5beds
    4,080sqft
    Single Family Residence
    Built in 1957
    0.35 Acres Lot
    $351,400 Zestimate®
    $86/sqft
    $3,544 Estimated rent

    Home value

    $351,400

    $320,000 - $387,000

    $3,544/mo

    Zestimate® history
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    What's special

    Grand open-concept living spacePrivate estate-like settingSerene streetPeaceful retreat-style atmosphereSurrounded by natural forestryQuiet pleasant streetAmple space for entertaining
    <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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ronald Ryder 305-302-9806,

    RICHARD PETERS REALTY LLC 786-418-1388

    Bought with:

    Ronald Ryder, 3593068

    RICHARD PETERS REALTY LLC

    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

    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: $86/sqft
    • Tax assessed value: $342,400
    • Annual tax amount: $6,100
    • Date on market: 1/30/2026
    • Cumulative days on market: 122 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Road surface type: Asphalt, Concrete

    Price history

    DateEventPrice
    8/4/2026Sold$351,500-3.7%$86/sqft
    Source: Stellar MLS #TB8470817 Report a problem
    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

    Neighborhood: White City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $351,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $351,400