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17119 Rainbow Terrace Odessa, FL 33556

3 Beds
2 Baths
1,742 Sqft
15,140 Sqft lot
0.35 Acre lot
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$639,950 Est. $2,356 / mo.*
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Status: Active
Property Type: Single Family Residence
Year Built: 1962
Neighborhood: Rainbow Terrace
Days on Website: 219

Courtesy of REAL BROKER, LLC

Description

Charming 3-bedroom, 2-bathroom home in one of the most sought-after locations on Rainbow Lake. Whether you're looking for a vacation getaway or a year-round residence, this property offers endless potential with a flexible floor plan that allows you to personalize every room. The spacious, enclosed sunroom provides stunning views of 50 acres of the serene lake, while the backdoor opens to a covered patio and large backyard—ideal for entertaining guests, hosting cookouts, or enjoying outdoor activities. With ample space for creating your dream outdoor living area, the possibilities are endless! The lakefront setting offers the perfect environment for water lovers, with opportunities for boating, kayaking, paddleboarding, and water skiing. Nestled on a quiet cul-de-sac street with mature landscaping, this home also offers privacy and no HOA or CDD fees, with great potential for short-term rentals such as VRBO or Airbnb. Conveniently located near Steinbrenner High School,

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Property Details and Features

  • Road Surface: Asphalt
  • Refrigerator
  • 2 total bathrooms
  • 2 full bathrooms
  • 3 total bedrooms
  • Built in 1962
  • Living area: 1742
  • Living area units: Square Feet
  • Building faces Northwest
  • Levels: One
  • Construction Materials: Block
  • Central Air
  • Private Mailbox
  • Wood
  • Tile
  • Slab
  • Electric
  • Ceiling Fans(s)
  • Primary Bedroom Main Floor
  • Inside
  • Listing ID: MFRTB8357149
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: Single Family Residence
  • On market as of 2025-03-03
  • 219 days on market
  • Special Conditions: None
  • Subdivision: RAINBOW TERRACE
  • MLS Area (Major): 33556 - Odessa
  • County/Parish: Hillsborough
  • 0.35 acres
  • Cul-De-Sac
  • Street Dead-End
  • Paved
  • Boat
  • Driveway
  • Allowed: Yes
  • Trees/Woods
  • Water
  • Shingle
  • Elementary School: Hammond Elementary School
  • Middle School: Sergeant Smith Middle-HB
  • High School: Steinbrenner High School
  • Septic Tank
  • Additional parcels description:
  • Parcel Number: U-22-27-17-015-000000-00008.0
  • Public Survey Range: 17
  • Public Survey Section: 22
  • Annual Amount: $2,107
  • Tax Block: 27
  • Tax Book Number: 33-39
  • Legal Description: RAINBOW TERRACE LOT 8
  • Lot: 8
  • Year: 2024
  • Zoning: ASC-1
  • Public
  • Water Connected
  • Water Source: Well
  • Water Body Name: RAINBOW LAKE
  • Lake Front
$639,950 - 3Br/2Ba - for Sale in Rainbow Terrace, Odessa
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Location

$639,950 - 17119 Rainbow Terrace, Odessa, FL 33556
17119 Rainbow Terrace Odessa, FL 33556
Subdivision: RAINBOW TERRACE

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This content last updated on October 17, 2025 11:37AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.