# 17127 RAINBOW Terrace, Odessa, FL 33556 > **TL;DR:** 4bd/3ba single family, $799,000 ($369/sqft), built 1973, 2,163 sqft. > Fireplace, Waterfront, View, Hardwood. Est. $4,273/mo. Listed 15 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $799,000 | | Price/sqft | $369 | | Bedrooms | 4 | | Bathrooms | 3 full | | Square Feet | 2,163 | | Year Built | 1973 | | Lot Size | 23,958 sqft (0.55 acres) | | Stories | 1 | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 15 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed - **Views** - Water, Lake - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,040 | | Estimated Insurance | $233 | | **Total** | **$4,273** | ## Nearby Schools - **Elementary:** Hammond Elementary School - **Middle:** Sergeant Smith Middle-HB - **High:** Steinbrenner High School ## Key Amenities - Fireplace - Waterfront - View - Hardwood - A/C ## Property Highlights - Built in 1973 - 0.55 acre lot - Fireplace - Waterfront ## Description ### Agent 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! ## Location - **Address:** 17127 RAINBOW Terrace, Odessa, FL 33556 - **County:** Hillsborough - **Neighborhood:** RAINBOW TERRACE - **Coordinates:** 28.12016, -82.597923 - **Google Maps:** https://www.google.com/maps?q=28.12016,-82.597923 ## Virtual Tour & Media - **Video Tour:** https://listing.tonysica.com/ut/17127_Rainbow_Terrace.html ## Listing Agent - **Name:** Melissa Motta - **Brokerage:** Florida Executive Realty - **Broker Phone:** (813) 972-3430 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/17127-Rainbow-Ter_Odessa_FL_33556_M60628-71735?f=listhub&s=MFRMLSFL&m=TB8559473&c=propsimple) ## Photos ![17127 RAINBOW Terrace - Photo 1](http://lh.rdcpix.com/07d73c04bc9fc73f0c6bc1403fe368c1l-f2626297340r.jpg) ![17127 RAINBOW Terrace - Photo 2](http://lh.rdcpix.com/07d73c04bc9fc73f0c6bc1403fe368c1l-f1388294741r.jpg) ![17127 RAINBOW Terrace - Photo 3](http://lh.rdcpix.com/07d73c04bc9fc73f0c6bc1403fe368c1l-f2461507963r.jpg) ![17127 RAINBOW Terrace - 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Photo 94](http://lh.rdcpix.com/07d73c04bc9fc73f0c6bc1403fe368c1l-f3329916940r.jpg) ![17127 RAINBOW Terrace - Photo 95](http://lh.rdcpix.com/07d73c04bc9fc73f0c6bc1403fe368c1l-f3109476102r.jpg) ![17127 RAINBOW Terrace - Photo 96](http://lh.rdcpix.com/07d73c04bc9fc73f0c6bc1403fe368c1l-f3718853512r.jpg) --- **MLS#:** TB8559473 | **Updated:** 2026-11-01 **Source:** listhub *Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/17127-rainbow-terrace-odessa-fl-33556-d7ae495dc125495ba2c2f221c64365ba) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/17127-rainbow-terrace-odessa-fl-33556-d7ae495dc125495ba2c2f221c64365ba#listing", "url": "https://www.propertysimple.ai/listing/17127-rainbow-terrace-odessa-fl-33556-d7ae495dc125495ba2c2f221c64365ba", "name": "17127 RAINBOW Terrace, Odessa, FL 33556", "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. 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