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2559 Rainbow Drive
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PRICED AT ONLY: $409,999

Address: 2559 Rainbow Drive, FORT PIERCE, FL 34981

Description

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.
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  • MLS#: TB8470817 ( Residential )
  • Street Address: 2559 Rainbow Drive
  • Viewed: 56
  • Price: $409,999
  • Price sqft: $87
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 4732
  • Bedrooms: 5
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 27
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Ceramic Tile, Concrete, Laminate, Other, Tile, Vinyl, Wood
  • Living Area: 4080.00
  • Roof: Metal
Property Information
  • Property Condition: Fixer
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Well
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Utilities: Other
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Other
  • Country: US
  • Furnished: Negotiable
  • Interior Features: Other
  • 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)
  • Levels: Two
  • Area Major: 34981 - Fort Pierce
  • Occupant Type: Vacant
  • Parcel Number: 34-05-414-0007-0002
  • Views: 56
  • Zoning Code: RS-3 - COU

Contact Info

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  2. A Winning Team
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