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Anita Shamsher
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17119 Rainbow Terrace, Odessa, FL 33556

$639,950
  • 17119 Rainbow Terrace, Odessa, FL 33556 Main Photo

47 Total Photos [Click to View All]

Active
BEDS3 BATHS2 full SQUARE FEET1,742 MLS#TB8357149
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONRAINBOW TERRACE

Property Description

Charming 3 bedroom, 2 bathroom home in one of the most sought after locations on Rainbow Lake. Whether you are looking for a vacation getaway or a year round residence, this property offers incredible potential with a flexible floor plan that allows you to personalize every space to your taste. The spacious enclosed sunroom provides beautiful views overlooking 50 acres of serene lakefront, while the backdoor opens to a covered patio and large backyard, ideal for entertaining, cookouts, or creating your own outdoor oasis. The possibilities here are truly wide open. The lakefront setting is perfect for water enthusiasts, offering opportunities for boating, kayaking, paddleboarding, and water skiing right outside your door. Please note photo number two has been enhanced to illustrate the home's potential with simple cosmetic improvements and landscaping. The current condition of the property is reflected in the other photos. Situated on a quiet cul de sac with mature landscaping, this property offers privacy with no HOA or CDD fees, along with strong potential for short term rental use such as VRBO or Airbnb.Conveniently located near Steinbrenner High School.

17119 Rainbow Terrace | MLS# TB8357149

This single family home located at 17119 Rainbow Terrace, Odessa, FL 33556 is currently listed for sale with an asking price of $639,950. This property was built in 1962 and has 3 bedrooms and 2 full baths with 1742 sq. ft. Rainbow Terrace is located in the RAINBOW TERRACE subdivision. Search RAINBOW TERRACE real estate on ashamsher.floridaexecutiverealty.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Heating: Electric
Lot Size: 0.35 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,107
Year Built: 1962

Amenities

Ceiling Fans(s)
Primary Bedroom Main Floor
Private Mailbox

Feature Descriptions

Appliances: Refrigerator
Body of Water: RAINBOW LAKE
Days on Site: 423
Directions: Crawley Road to Rainbow Terr to west to address on left
Exterior: Block
Fencing: Wood
Flood Zone Code: AE
Flooring: Tile
Foundation: Slab
Frontage Lake: 65
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Cul-De-Sac, Street Dead-End, Paved
Lot Dimensions: 0.35
Number of Septics: 1
Number of Wells: 1
Ownership: Fee Simple
Parking: Boat, Driveway
Parking Notes: Boat, Driveway
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Septic Tank
Showing Instructions: Appointment Only, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Utilities: Public, Water Connected
Water: Well
Water Access: Lake
Water Access Y/N: Yes
Waterfront Features: Lake Front, Skiing Allowed
Water View: Lake
Zoning: ASC-1

Room Sizes

Primary Bedroom: 14x12
Living Room: 14x14
Kitchen: 10x4

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: REAL BROKER, LLC
Agency Contact: 407.279.0038

Shown By

Agent Name: Anita Shamsher
Agent Phone: (813) 482-5014
Agency Title: Florida Executive Realty

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Estimated Payment

$ 1,786.49 per month $1,424.25 Principal & Interest $175.58 Property Tax $186.65 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/01/2026. The listing information on this page last changed on 05/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/01/2026 12:02:09 AM EST) or Stellar MLS (last updated Thu 04/30/2026 11:44:17 PM EST). Real estate listings held by brokerage firms other than Florida Executive Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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