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Anita Shamsher
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17129 Rainbow Terrace, Odessa, FL 33556

$975,000
  • 17129 Rainbow Terrace, Odessa, FL 33556 Main Photo

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New to the Market Active
BEDS4 BATHS3 full SQUARE FEET2,123 MLS#TB8503270
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONRAINBOW TERRACE

Property Description

Indulge in the ultimate lakefront lifestyle-this is the one you've been waiting for to start living your best life. 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.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 buyer is interested.

17129 Rainbow Terrace | MLS# TB8503270

This single family home located at 17129 Rainbow Terrace, Odessa, FL 33556 is currently listed for sale with an asking price of $975,000. This property was built in 1959 and has 4 bedrooms and 3 full baths with 2123 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
Garage: 1 car attached
Heating: Electric
Lot Size: 0.44 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $10,892
Year Built: 1959

Amenities

Ceiling Fans(s)
Kitchen/Family Room Combo
L Dining
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Wet Bar
Private Mailbox
Rain Gutters

Feature Descriptions

Additional Rooms: Breakfast Room Separate, Formal Living Room Separate, Inside Utility
Appliances: Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water Softener, Wine Refrigerator
Body of Water: RAINBOW LAKE
Directions: ?? From the Citrus Park / Tampa area:Head north on Gunn HighwayTurn left onto N Mobley RoadTurn right onto Crawley RoadTurn left onto Rainbow TerraceThe home will be on your left
Exterior: Concrete, Stucco
Flood Zone Code: AE
Flooring: Luxury Vinyl
Foundation: Block
Frontage Lake: 110
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: In County, Oversized Lot, Paved
Lot Dimensions: 0.44
Other Structures: Shed(s)
Ownership: Fee Simple
Parking: Driveway, Guest, Off Street, Oversized
Parking Notes: Driveway, Guest, Off Street, Oversized
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Septic Tank
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Vegetation: Trees/Landscaped
Water: Well
Water Access: Lake
Water Access Y/N: Yes
Waterfront Features: Lake Front, Boat Ramp - Private, Skiing Allowed
Water View: Lake
Windows: Blinds
Zoning: ASC-1

Room Sizes

Primary Bedroom: 14x12
Kitchen: 11x12
Living Room: 14x12
Bedroom 3: 10x12

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: THE CAMPINS COMPANY,LLC
Agency Contact: 305-531-7777

Shown By

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

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Estimated Payment

$ 3,361.97 per month $2,169.93 Principal & Interest $907.67 Property Tax $284.38 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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