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17127 RAINBOW TERRACE
Odessa, FL 33556
$799,000
EXCEPTIONAL LAKEFRONT LIVING IN HIGHLY SOUGHT-AFTER ODESSA! Discover a rare opportunity to own a beautifully maintained 4-bedroom, 3-bath waterfront home offering 110 feet of frontage on picturesque Rainbow Lake, a stunning natural setting surrounded by towering 100-foot cypress trees and lush Florida landscape. Perfectly positioned on a quiet, dead-end street across from a lush conservation area, this exceptional property offers a peaceful, private retreat while remaining conveniently close to everything Tampa Bay has to offer. OVER $220,000 IN IMPROVEMENTS AND UPGRADES COMPLETED FROM 2021–2026! Meticulously maintained and thoughtfully updated, this home offers an impressive collection of major improvements, including a NEW ROOF (2026), NEW HURRICANE-IMPACT WINDOWS AND DOORS (2026), beautifully REMODELED BATHROOMS, NEW EXTERIOR STUCCO AND FRESH EXTERIOR PAINT (2026), ALL NEW HVAC DUCTWORK AND VENTS (2026), and NEW ATTIC INSULATION (2026). Additional enhancements include updated lighting throughout the home, new electrical outlets and switches, refreshed interior paint, updated drywall ceilings in several living areas, and a Kinetico water softening and reverse osmosis system. A charming wood-burning fireplace adds warmth and character to the living space, while the updated laundry room features additional cabinetry and a new washer and dryer. Outside, a convenient storage shed provides extra space for tools, lawn equipment, and recreational gear. Even the waterfront dock platform has been refurbished, providing the perfect setting to enjoy the beauty of Rainbow Lake. These extensive improvements represent a significant investment in the home's comfort, efficiency, and long-term value. THE ...
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Listing Courtesy of: FLORIDA EXECUTIVE REALTY
813-324-2440
| Listing Id: | TB8559473 |
|---|---|
| List Price: | $799,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 3 |
| Living Area: | 2,163 |
| Tax Annual Amount: | $5,051 |
| Lot Size Square Feet: | 20,130 |
| Lot Size Acres: | 0.55 |
| Architectural Style: | Traditional |
| Waterfront?: | Yes |
| City: | Odessa |
| County Or Parish: | Hillsborough |
| Subdivision Name: | Rainbow Terrace |
| Postal Code: | 33556 |
| Year Built: | 1973 |
| Appliances: | Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 2267 |
| Building Area Units: | Square Feet |
| Carport Spaces: | 2 |
| Carport?: | Yes |
| Direction Faces: | North |
| Foundation Details: | Slab |
| Construction Materials: | Block, Stucco |
| Cooling: | Central Air |
| Fireplace Features: | Wood Burning |
| Directions: | From Gunn Hwy. turn west onto North Mobley, then north onto Crawley Road. Turn west onto Rainbow Terrace and follow the road around the bend. The home will be on the left side. |
| Elementary School: | Hammond Elementary School |
| Flooring: | Carpet, Ceramic Tile, Hardwood |
| Furnished: | Unfurnished |
| Heating: | Central |
| High School: | Steinbrenner High School |
| Interior Features: | Built-in Features, Ceiling Fans(s), Stone Counters, Vaulted Ceiling(s) |
| Laundry Features: | Inside |
| Levels: | One |
| Listing Contract Date: | 2026-10-19 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Conservation Area, In County, Landscaped, Paved |
| Lot Size Acres: | 0.55 |
| Lot Size Dimensions: | 110x183 |
| Postal Code Plus4: | 2107 |
| Middle Or Junior School: | Sergeant Smith Middle-HB |
| MLS Area Major: | 33556 - Odessa |
| MLS Area Major: | 33556 - Odessa |
| Other Structures: | Shed(s) |
| Original List Price: | $799,000 |
| Other Equipment: | Irrigation Equipment |
| Parcel Number: | U-22-27-17-015-000000-00004.0 |
| Patio And Porch Features: | Deck, Front Porch |
| Pets Allowed: | Yes |
| Stories Total: | 1 |
| Township: | 27 |
| Road Surface Type: | Paved |
| Roof: | Shingle |
| Tax Year: | 2025 |
| Sewer: | Septic Needed, Septic Tank |
| Special Listing Conditions: | None |
| Water Body Name: | RAINBOW LAKE |
| State Or Province: | FL |
| Utilities: | Electricity Available, Electricity Connected |
| View: | Trees/Woods, Water |
| Water Source: | Well |
| Public Survey Range: | 17 |
| Public Survey Section: | 22 |
| Zoning: | ASC-1 |
| Vegetation: | Mature Landscaping, Trees/Landscaped |
| Waterfront Features: | Lake Privileges |
| Window Features: | Double Pane Windows, Insulated Windows |
| Additional Water Information: | Connects to Little Moon Lake |
| Alternate Key Folio Num: | 0019910000 |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 210.61 |
| Calculated List Price By Calcula: | 369.39 |
| Cddyn: | No |
| Exist Lse Tenant Yn: | No |
| Flood Zone Code: | AE X |
| Flood Zone Date: | 2008-08-28 |
| Flood Zone Panel: | 12057C0180H |
| Green Verification Count: | 0 |
| Homestead Yn: | Yes |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 200.95 |
| Lot Size Square Meters: | 1870 |
| Minimum Lease: | No Minimum |
| Realtor Info: | As-Is, Floor Plan Available, See Attachments, Sign |
| Room Count: | 7 |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Unit Number Yn: | No |
| Water Access: | Lake - Chain of Lakes |
| Water Access Yn: | Yes |
| Water Extras: | Skiing Allowed |
| Water Extras Yn: | Yes |
| Water Frontage Feet Lake Chain: | 110 |
| Waterfront Feet Total: | 110 |
| Water View: | Yes |
| Association 2 Yn: | 0 |
| Attribution Contact: | 813-324-2440 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| In Law Suite Yn: | No |
| Green Energy Generation Yn: | No |
| Fireplace?: | Yes |
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Property Last Updated: October 23, 2026 04:06 AM - ET
