17129 RAINBOW TERRACE Odessa, FL $ 975,000
17129 RAINBOW TERRACE
$ 975,000
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17129 RAINBOW TERRACE

Odessa, FL, 33556
$ 975,000
Bedrooms4 Baths3.0 Sq 2,123

Monthly Estimate*

$ 6,003

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Single Family Home for sale in Odessa, FL

for $975,000 with 4 bedrooms and 3 full baths. This 2,123 square foot home was built in 1959 on a lot size of 0.44.

Indulge in the ultimate lakefront lifestyle—this is the one you’ve been waiting for to start living your best life. With 119 feet of direct frontage on stunning Rainbow Lake (55 acres) which also connects to Moon Lake (12 acres), this exceptional 4-bedroom, 3-bath home sits on nearly half an acre and offers the perfect blend of privacy, comfort, and everyday escape. This lot is breathtaking!!!! Wake up to water views from nearly every room, with unobstructed sightlines across a pristine 55-acre ski lake. Whether it’s boating, kayaking, fishing, or sunset evenings on the water, this property turns every day into a getaway. The 65-foot dock, built with pressure-treated lumber, is ready for it all—just bring your boat and start living. Inside, everything has already been done for you. The beautifully renovated kitchen features wood countertops, stainless steel appliances, a wine fridge, and rich wood accents that make the space feel warm and inviting. Luxury vinyl flooring runs throughout, paired with three updated bathrooms and a spacious laundry room with storage for all your gear. Major updates—including a 2022 3.5-ton A/C system, a new station pump for septic, newer water treatment system, and the updated pressure-treated 65-foot dock—mean peace of mind from day one. Outside, the expansive lot is perfect for entertaining, relaxing, or simply soaking in the quiet, scenic surroundings. Located in a highly desirable lakefront community of Rainbow lake with estate-style homes, you’ll enjoy privacy, low-traffic roads, and natural beauty—while still being just minutes from Tampa International Airport, Busch Gardens, ZooTampa, and top-rated beaches. Zoned for A-rated Hammond Elementary. NO CDD. NO HOA. Homes like this rarely come available—schedule your private showing. Priced to sell.

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Single Family Active

Price

$ 975,000

Bedrooms

4

Full Bath

3

Property Type

Single Family

Taxes

$ 10,892

Style

Single Family Residence

Lot Size

0.44

Year Built

1959

Town/City

Odessa

County/Region

Hillsborough

MLS | Web ID

TB8503270

Features
General
Sewer Septic Tank
Heating Electric
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Available Sewer Available Sewer Connected Water Available Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Convection Oven Dishwasher Dryer Microwave Refrigerator Washer Water Softener Wine Refrigerator
Zoning ASC-1
Garage Spaces 1
Construction Materials Concrete Stucco
Pets Allowed Cats OK Dogs OK
Year Built 1959
View Water
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Lake Front
County Hillsborough
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name RAINBOW TERRACE
Facing Direction Northeast
Garage Y/N true
Other Structures Shed(s)
Total Rooms 4
Full Baths 3
Status Active
Directions ?? From the Citrus Park / Tampa area: Head north on Gunn Highway Turn left onto N Mobley Road Turn right onto Crawley Road Turn left onto Rainbow Terrace The home will be on your left
High School Steinbrenner High School
City ODESSA
Body of Water RAINBOW LAKE
Association Name None
Senior Community Y/N false
MLS Area 33556 - Odessa
Lot Size Units Square Feet
Lot Size Square Feet 19215
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional
Elementary School Hammond Elementary School
Land Lease Y/N false
Tax Annual Amount 10892.19
Home Warranty Y/N false
Middle/Junior High School Sergeant Smith Middle-HB
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 3
Legal Description RAINBOW TERRACE LOT 3
Water View Lake
Water Access Type Lake
Minimum Lease 1-7 Days
Water Access Y/N true
Additional Rooms Breakfast Room Separate Formal Living Room Separate Inside Utility
Water View Y/N true
Flood Zone Code AE
DockY/N true
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Interior
Interior Amenities Ceiling Fan(s) Kitchen/Family Room Combo L Dining Living Room/Dining Room Combo Open Floorplan Primary Bedroom Main Floor Thermostat Wet Bar
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Half Baths 0
Laundry Features Inside
Total Bedrooms 4
Total Baths 3
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Exterior
Exterior Amenities Private Mailbox Rain Gutters
Vegetation Trees/Landscaped
Parking Features Driveway Guest Off Street Oversized
Lot Features In County Oversized Lot
Water Source Well
Lot Size Area 19215
Foundation Details Block
Spa false
Building Area Total 3071
Lot Dimensions 105 x 183
Lot Size Acres 0.44
Road Surface Type Paved
Private Pool false
Waterfront Y/N true
Covered Spaces 2
Road Frontage Type Street Paved
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* Excluded Features
List By
The Campins Company,Llc

Broker

KatrinaCampinsGroup@gmail.com

Email

Affordability Calculator

$6,911
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$908
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
0 Elementary School
0 Middle School
Steinbrenner High School High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$975,000 Listed Price

Map


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17129 RAINBOW TERRACE, Odessa, FL, 33556 is a Single Family Home for sale at $975,000 with 2,123 sqft and a lot size of 0.44. 17129 RAINBOW TERRACE has 4 bedrooms, 3.0 baths, and was built in 1959. The property's zip code is 33556 which is in Odessa, FL