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Single family home for sale at 17127 Rainbow Ter, Odessa, FL 33556 | MLS# TB8559473 | Listing updated on 2026-10-25
Photo 1 of Single family home for sale at 17127 Rainbow Ter, Odessa, FL 33556 | MLS# TB8559473 | Listing updated on 2026-10-25
Photo 2 of Single family home for sale at 17127 Rainbow Ter, Odessa, FL 33556 | MLS# TB8559473 | Listing updated on 2026-10-25
Photo 3 of Single family home for sale at 17127 Rainbow Ter, Odessa, FL 33556 | MLS# TB8559473 | Listing updated on 2026-10-25
Photo 4 of Single family home for sale at 17127 Rainbow Ter, Odessa, FL 33556 | MLS# TB8559473 | Listing updated on 2026-10-25
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$799,000

Monthly Est:$3,977

  • Beds Icon4 Beds
  • Beds Icon
    3 Baths
  • Beds Icon2,163sqft

17127 Rainbow Ter, Odessa, FL 33556

$3,977/moEst:

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  • Single Family Residence

  • Built in 1973

  • $-- HOA

  • 23,598 sqft lot

  • $369/sq.ft

Description

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 in Tampa Bay. 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 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 WATERFRONT LIFESTYLE IS THE TRUE SHOWSTOPPER! Rainbow Lake encompasses approximately 50 acres of beautiful freshwater, offering an incredible setting for boating, water skiing, jet skiing, fishing, kayaking, paddleboarding, or simply relaxing along the shoreline. The lake also features a navigable connection to Little Moon Lake, offering additional opportunities for waterfront exploration when water levels permit. Imagine starting your mornings with coffee overlooking the lake, spending afternoons on the water, and unwinding in the evenings beneath the majestic cypress trees. This is Florida waterfront living at its finest! Despite its serene, tucked-away location, this home offers outstanding convenience. Zoned for highly regarded Steinbrenner High School, the property is approximately 20 minutes from Tampa International Airport, minutes from popular restaurants, shopping, and everyday conveniences, and less than an hour from the beautiful Gulf Coast beaches. A RARE COMBINATION OF NATURAL BEAUTY, EXTENSIVE UPDATES, AND RECREATIONAL WATERFRONT LIVING IN ONE OF ODESSA'S MOST DESIRABLE SETTINGS. Whether you're seeking an active lakefront lifestyle or a peaceful escape surrounded by nature, this extraordinary property offers the best of both worlds. Schedule your private showing and experience the beauty of Rainbow Lake firsthand!

  • Houzeo last checked: 13 minutes ago
  • Listing updated: October 25, 2026 at 9:05 pm
  • Listing Provided by: Melissa Motta (813) 476-5000 , Wendy Ross | FLORIDA EXECUTIVE REALTY (813) 324-2440
  • Source: Stellar MLS-FL as distributed by MLS GRID | MLS#: TB8559473 Stellar MLS-FL as distributed by MLS GRID

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    1

  • County

    Hillsborough County

  • City

    Odessa

  • Neighborhood

    --

  • Year Built

    1973

  • HOA Fees

    -

  • Finished Area

    2,163 sqft

  • Lot Size

    23,598 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Stellar MLS

  • MLS Number

    TB8559473

  • MLS Status

    Active

  • Days on Market

    8

  • Cumulative Days on Market

    3

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 3

Interior

  • Window Features

    Double Pane Windows, Insulated Windows

  • Appliances

    Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener

  • Cooling

    Central Air

  • Heating

    Central

  • Interior Features

    Built In Features, Ceiling Fans(s), Stone Counters, Vaulted Ceiling(s)

  • Flooring

    Carpet, Ceramic Tile, Hardwood

  • Sewer

    Septic Needed, Septic Tank

Construction

  • Year Built

    Year Built: 1973

  • Home type

    Single Family Residence

  • Architectural Style

    Traditional

  • Roof

    Shingle

  • Foundation Details

    Slab

  • Construction Materials

    Block, Stucco

Utilities & Energy

  • Water Source

    Well

  • Utilities

    Electricity Available, Electricity Connected

  • Fireplace Features

    Wood Burning

  • Laundry Features

    Inside

Other Features

  • Patio And Porch Features

    Deck, Front Porch

  • Lot Features

    Conservation Area, In County, Landscaped, Paved

  • Vegetation

    Mature Landscaping, Trees/landscaped

  • Subdivision Name

    Rainbow Terrace

Price History

DateEventPrice

10/22/2026

Source: mls_logoStellar MLS-FL #MFRTB8559473

Listed for Sale

$799,000 +83.68%

$369/sqft

12/21/2020

Source: mls_logoStellar MLS-FL as distributed by MLS GRID #MFRT3274349

Price Decreased

$435,000 -4.40%

$201/sqft

11/16/2020

Source: mls_logoStellar MLS-FL #MFRT3274349

Sold

$455,000

$210/sqft

Nearby Homes

Based on information from Stellar MLS® through Oct 31, 2026, 10:00PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the 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. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.

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