17129 RAINBOW TERRACE ODESSA FL 33556 MLS #TB8503270

17129 RAINBOW TERRACE
ODESSA, FL, 33556
$975,000
4 Beds
3 Baths
2,123 SqFt
0.44 Acres
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MLS #TB8503270 image #0
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.

Property Details

Price:
$975,000
MLS #:
TB8503270
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
RAINBOW TERRACE
Neighborhood:
33556odessa
Listed Date:
Apr 30, 2026
Finished Sq Ft:
2,123
Total Sq Ft:
3,071
Lot Size:
19,215 sqft / 0.44 acres (approx)
Year Built:
1959
WaterfrontLakefrontPrimary Bedroom Main Floor33556 – Odessa33556odessaRainbow TerraceHammond Elementary SchoolSergeant Smith Middle-hbSteinbrenner High SchoolRainbow LakeWater1-7 Days

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Schools

Elementary School:
Hammond Elementary School
Middle School:
Sergeant Smith Middle-HB
High School:
Steinbrenner High School

Interior

Appliances
Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water Softener, Wine Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Luxury Vinyl
Heating
Electric
Interior Features
Ceiling Fan(s), Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Wet Bar
Laundry Features
Inside
Levels
One

Exterior

Attached Garage YN
1
Construction Materials
Concrete, Stucco
Covered Spaces
2
Direction Faces
Northeast
Exterior Features
Private Mailbox, Rain Gutters
Garage Spaces
1
Lot Features
In County, Oversized Lot
Open Parking YN
1
Other Structures
Shed(s)
Parking Features
Driveway, Guest, Off Street, Oversized
Roof
Shingle
View
Water
Waterfront Features
Lake Front
Window Features
Blinds

Financial

HOA Name
None
Tax Year
2025
Taxes
$10,892

Map

Community

Subdivisions in ODESSA

Market Summary

Current real estate data for Single Family in ODESSA as of May 18, 2026
268
Single Family Listed
84
Avg DOM
348
Avg $ / SqFt
$1,241,069
Avg List Price

Property Summary

    Located in the RAINBOW TERRACE subdivision, 17129 RAINBOW TERRACE ODESSA FL is a Single Family for sale in ODESSA, FL, 33556. It is listed for $975,000 and features 4 beds, 3 baths, and has approximately 2,123 square feet of living space, and was originally constructed in 1959. The current price per square foot is $459. The average price per square foot for Single Family listings in ODESSA is $348. The average listing price for Single Family in ODESSA is $1,241,069. To schedule a showing of MLS#tb8503270 at 17129 RAINBOW TERRACE in ODESSA, FL, contact your LPT Realty agent at 813.694.8061.

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17129 RAINBOW TERRACE
ODESSA, FL
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