Charming 3 bedroom, 2 bathroom home in one of the most sought after locations on Rainbow Lake. Whether you are looking for a vacation getaway or a year round residence, this property offers incredible potential with a flexible floor plan that allows you to personalize every space to your taste. The spacious enclosed sunroom provides beautiful views overlooking 50 acres of serene lakefront, while the backdoor opens to a covered patio and large backyard, ideal for entertaining, cookouts, or creating your own outdoor oasis. The possibilities here are truly wide open. The lakefront setting is perfect for water enthusiasts, offering opportunities for boating, kayaking, paddleboarding, and water skiing right outside your door. Please note photo number two has been enhanced to illustrate the home’s potential with simple cosmetic improvements and landscaping. The current condition of the property is reflected in the other photos. Situated on a quiet cul de sac with mature landscaping, this property offers privacy with no HOA or CDD fees, along with strong potential for short term rental use such as VRBO or Airbnb.
Conveniently located near Steinbrenner High School.
Conveniently located near Steinbrenner High School.
Property Details
Price:
$639,950
MLS #:
TB8357149
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
RAINBOW TERRACE
Neighborhood:
33556odessa
Listed Date:
Mar 3, 2025
Finished Sq Ft:
1,742
Total Sq Ft:
2,200
Lot Size:
15,140 sqft / 0.35 acres (approx)
Year Built:
1962
See this Listing
Schools
Elementary School:
Hammond Elementary School
Middle School:
Sergeant Smith Middle-HB
High School:
Steinbrenner High School
Interior
Appliances
Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Electric
Interior Features
Ceiling Fan(s), Primary Bedroom Main Floor
Laundry Features
Inside
Levels
One
Exterior
Community Features
Waterfront
Construction Materials
Block
Direction Faces
Northwest
Exterior Features
Private Mailbox
Fencing
Wood
Lot Features
Cul-De-Sac, Street Dead-End
Open Parking YN
1
Parking Features
Boat, Driveway
Roof
Shingle
View
Trees/Woods, Water
Waterfront Features
Waterfront, Lake Front
Financial
Tax Year
2024
Taxes
$2,107
Map
Community
- Address17119 RAINBOW TERRACE ODESSA FL
- SubdivisionRAINBOW TERRACE
- CityODESSA
- CountyHillsborough
- Zip Code33556
Subdivisions in ODESSA
- 04 LAKES ESTATES
- ACREAGE & UNREC
- ARBOR LAKES PH 3B
- ASHLEY LAKES
- ASHLEY LAKES PH 01
- ASHLEY LAKES PH 2A
- ASTURIA PH 1A
- ASTURIA PH 1B & 1C
- ASTURIA PH 1D
- ASTURIA PH 2A & 2B
- ASTURIA PH 3
- ASTURIA PH 5
- BELLE MEADE
- BELMACK ACRES
- CANTERBURY
- CANTERBURY VILLAGE
- CANTERBURY VILLAGE FIRST ADD
- CINTRON GROVE
- CITRON GROVE
- CITRUS GREEN PH 2
- CLARKMERE
- COPELAND CREEK
- ESPLANADE AT STARKEY RANCH
- ESPLANADE AT STARKEY RANCH PHASES 2A & 2B
- ESPLANADE/STARKEY RANCH PH 1
- ESPLANADE/STARKEY RANCH PH 2A
- ESPLANADE/STARKEY RANCH PH 3
- ESPLANADE/STARKEY RANCH PH 4
- FARMINGTON
- GREY HAWK AT LAKE POLO
- GREY HAWK AT LAKE POLO PH 02
- HALES STANG SUB
- HAMMOCK WOODS UNIT II
- HARRIETT ESTATES
- HOLIDAY CLUB
- HOLIDAY CLUB UNIT 1
- IVY LAKE ESTATES
- KEYSTONE ACRES FIRST ADD
- KEYSTONE CROSSINGS
- KEYSTONE GROVE LAKES
- KEYSTONE LAKE VIEW PARK
- KEYSTONE MEADOW 3
- KEYSTONE OARK COLONY LAND CO
- KEYSTONE PARK
- KEYSTONE PARK COLONY
- KEYSTONE PARK COLONY LAND CO
- KEYSTONE PARK COLONY SUB
- KEYSTONE PRESERVE MINOR SUB
- KEYSTONE SHORES ESTATES
- KEYSTONE TERRACE
- LAKE ANNE ESTATES
- LAKE ARMISTEAD ESTATES
- LAKE BRECKENRIDGE
- LAKE GENEVA HOMESITES
- LAKE MAURINE SUB
- LAKE MINEOLA
- LAKE TAYLOR
- LAKES OF KEYSTONE
- LAKESIDE GROVE ESTATES
- LYON CO SUB
- LYON COMPANYS SUB
- LYONS CO SUB
- MAGNOLIA FARMS
- MISTY MORNING ESTATES
- MORGAN KING GARDENS
- NINE EAGLES UNIT ONE SEC I
- NORTH TAMPA LAND COS SUB OF
- NORTHBRIDGE AT LAKE PRETTY
- NORTHTON GROVES SUB
- ODESSA GARDENS
- ODESSA LAKEFRONT
- ODESSA PRESERVE
- PARKER POINTE PH 01
- PARKER POINTE PH 02A
- PARKER POINTE PH 2B
- PARKER POINTE PHASE ONE
- PRESERVE
- PRETTY LAKE ESTATES
- RAINBOW TERRACE
- RIDGELAND REP
- SOLETA AT STARKEY RANCH
- SOUTH BRANCH PRESERVE
- SOUTH BRANCH PRESERVE 1
- SOUTH BRANCH PRESERVE PH 1
- SOUTH BRANCH PRESERVE PH 2A &
- SOUTH BRANCH PRESERVE PH 2B &
- SOUTH BRANCH PRESERVE PH 2B & 3B
- SOUTH BRANCH PRESERVE PH 2B 3
- SOUTH BRANCH PRESERVE PH 4A 4
- SOUTH BRANCH PRESEVE PH 2A & 3A
- SOUTHFORK AT VAN DYKE FARMS
- ST ANDREWS AT THE EAGLES UN 1
- ST ANDREWS AT THE EAGLES UN 2
- STARKEY RANCH
- STARKEY RANCH PCLS 8 & 9 PH 1
- STARKEY RANCH PH 1
- STARKEY RANCH PH 1 PCLS 8 & 9
- STARKEY RANCH PH 1 PRCL D
- STARKEY RANCH PH 2 PCLS 8 & 9
- STARKEY RANCH PH 2 PRCL D
- STARKEY RANCH PH 3 PRCL F
- STARKEY RANCH PRCL 7
- STARKEY RANCH PRCL A
- STARKEY RANCH PRCL B2
- STARKEY RANCH PRCL C 1
- STARKEY RANCH PRCL C1
- STARKEY RANCH PRCL C2
- STARKEY RANCH PRCL D PH 1
- STARKEY RANCH PRCL D PH 2
- STARKEY RANCH PRCL F PH 2
- STARKEY RANCH VILLAGE 1 PH 1-5
- STARKEY RANCH VILLAGE 1 PH 2A
- STARKEY RANCH VILLAGE 1 PH 2B
- STARKEY RANCH VILLAGE 1 PH 3
- STARKEY RANCH VILLAGE 1 PH 4A-4C
- STARKEY RANCH VILLAGE 1 PH 5
- STARKEY RANCH VILLAGE 2 PH 1A
- STARKEY RANCH VILLAGE 2 PH 1B-1
- STARKEY RANCH VILLAGE 2 PH 1B-2
- STARKEY RANCH VILLAGE 2 PH 2A
- STARKEY RANCH VILLAGE 2 PH 2B
- STARKEY RANCH WHITFIELD PRESERVE PH 1
- STARKEY RANCH WHITFIELD PRESERVE PH 2
- STARKEY RANCH WHITFIELD PRESERVE PHASE 2
- STARKEY RANCH-65′ LOTS
- STASIA PLATTED MINOR SUB
- STEEPLECHASE
- STILLWATER PH 2
- SUNCOAST XINGS
- SWAN COVE
- SWAN VIEW TWNHMS
- TARRAMOR
- TARRAMOR PH 1
- TARRAMOR PH 2
- TARRAMOR PHASE 1
- THE LAKES AT VAN DYKE FARMS
- THE PADDOCKS AT VAN DYKE FARM
- THE TRAILS AT VAN DYKE FARMS
- TRINITY LAKES XINGS
- TURNBERRY AT THE EAGLES UN 2
- TUSCANO / SUNCOAST CROSSING
- TUSCANO AT SUNCOAST
- TUSCANO AT SUNCOAST CROSSINGS CONDO
- TUSCANO/SUNCOAST XINGS
- UNPLATTED
- VICTORIA LAKES
- WARREN ESTATES
- WATERCREST- PH 2
- WATERSTONE
- WEST PASCO INDUST PARK
- WHITFIELD PRESERVE PH 2
- WINDSOR PARK AT THE EAGLES
- WINDSOR PARK AT THE EAGLES-FI
- WYNDHAM LAKE SUB PH ONE
- WYNDHAM LAKES PH 04
- WYNDHAM LAKES PHASE 4
- ZZZ
- ZZZ/ UNPLATTED
Market Summary
Current real estate data for Single Family in ODESSA as of May 18, 2026
268
Single Family Listed
83
Avg DOM
346
Avg $ / SqFt
$1,236,576
Avg List Price
Property Summary
- Located in the RAINBOW TERRACE subdivision, 17119 RAINBOW TERRACE ODESSA FL is a Single Family for sale in ODESSA, FL, 33556. It is listed for $639,950 and features 3 beds, 2 baths, and has approximately 1,742 square feet of living space, and was originally constructed in 1962. The current price per square foot is $367. The average price per square foot for Single Family listings in ODESSA is $346. The average listing price for Single Family in ODESSA is $1,236,576. To schedule a showing of MLS#tb8357149 at 17119 RAINBOW TERRACE in ODESSA, FL, contact your LPT Realty agent at 813.694.8061.
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Courtesy of REAL BROKER, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than LPT Realty include the name of the listing broker. Neither the listing company nor LPT Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 17119 RAINBOW TERRACE
ODESSA, FL
