$975,000
17129 Rainbow Terrace
Odessa, FL 33556
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Garage space
Flood zone
About this home
Indulge in the ultimate lakefront lifestyle—this is the one you’ve been waiting for to start living your best life. Nestled in the highly sought-after Keystone/Odessa area 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. Come enjoy the peaceful country-luxury lifestyle. Zoned for A-rated Hammond Elementary. NO CDD. NO HOA. Homes like this rarely come available—schedule your private showing. Priced to sell. Current tenant loves the home and would love to stay if the buyer is interested.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveApr 30, 2026
- Listed$975,000Apr 30, 2026
- Price increased$975,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 1
- Subdivision
- Rainbow Terrace
- County
- Hillsborough
- Year built
- 1959
- Living area
- 2,123 sq ft
- Price/sq ft
- $459
- Building area
- 3,071 sq ft (Public Records)
- Lot size
- 19,215 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE
- Garage
- 1 spaces
- Annual taxes
- $10,892 (2025)
- Parcel #
- U-22-27-17-015-000000-00003.0
- Zoning
- ASC-1
- MLS #
- TB8503270
Interior Details
- Bedrooms
- 4
- Full bathrooms
- 3
- Flooring
- Luxury Vinyl
- Appliances
- Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water Softener, Wine Refrigerator
- Interior features
- Ceiling Fans(s), Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Wet Bar
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- Northeast
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
- Parking features
- Driveway, Guest, Off Street, Oversized
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- HOA name
- None
- CDD
- No
- Min lease term
- 1-7 Days
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Private Mailbox, Rain Gutters
- Construction materials
- Concrete, Stucco
- Roof
- Shingle
- Foundation
- Block
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Well
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 14x12 |
| Kitchen | First | 11x12 |
| Living Room | First | 14x12 |
| Bedroom 3 | First | 10x12 |
Listing Details
- Listing date
- 2026-04-30
- On market date
- 2026-04-30
- Original list price
- $975,000
- Occupant type
- Tenant
- MLS area
- 33556 - Odessa
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-04-30
- Tax legal description
- RAINBOW TERRACE LOT 3
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 1, 2026 at 9:15 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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