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$799,000
Monthly Est:$3,977
4 Beds
- 3 Baths
3 full baths
2,163sqft
17127 Rainbow Ter, Odessa, FL 33556
$799,000
$3,977/moEst:
Get Pre-Approved
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

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
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
| Date | Event | Price |
|---|---|---|
10/22/2026 Source: | Listed for Sale | $799,000 +83.68% $369/sqft |
12/21/2020 Source: | Price Decreased | $435,000 -4.40% $201/sqft |
11/16/2020 Source: | Sold | $455,000 $210/sqft |
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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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