17129 Rainbow Terrace, Odessa, FL 33556
Local realty services provided by:CENTURY 21 North East
Listed by: katrina campins
Office: the campins company,llc
MLS#:TB8503270
Source:MFRMLS
Price summary
- Price:$975,000
- Price per sq. ft.:$317.49
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....
Contact an agent
Home facts
- Year built:1959
- Listing ID #:TB8503270
- Added:2 day(s) ago
- Updated:May 03, 2026 at 11:56 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Luxury Vinyl
- Dining Description:Breakfast Room, L Shaped, Living Room/Dining Room Combo
- Kitchen Description:Convection Oven, Dishwasher, Kitchen/Family Room Combo, Microwave, Refrigerator, Water Softener, Wet Bar, Wine Refrigerator
- Bedroom Description:Primary Bedroom Main Floor
- Basement Description:Block
- Living area:2,123 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1959
- Building area:2,123 sq. ft.
- Lot area:0.44 Acres
- Lot Features:Oversized, Paved
- Construction Materials:Concrete, Stucco
- Exterior Features:Private Mailbox, Rain Gutters
- Foundation Description:Block
- Levels:1 Story
Schools
- High school:Steinbrenner High School
- Middle school:Sergeant Smith Middle-HB
- Elementary school:Hammond Elementary School
Utilities
- Water:Water Available, Water Connected, Well
- Sewer:Septic Tank, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$317.49
- Tax amount:$10,892 (2025)
Features and amenities
- Appliances:Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water Softener, Wine Refrigerator
- Laundry features:Dryer, Inside, Washer
- Amenities:BB/HS Internet Available, Cable Available, Ceiling Fans(s), Electricity Available, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Wet Bar
- Pool features:Public Pool
Parking
- Parking description:1 Car Carport, Attached Garage, Driveway, Guest, Off Street, Oversized
- Garage:Yes
- Garage spaces:1
- Carport spaces:1
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