17127 RAINBOW TERRACE ODESSA FL 33556 | MLS #TB8559473 | Gary Kusher | Florida Real Estate

17127 RAINBOW TERRACE
ODESSA, FL, 33556
$799,000
4 Beds
3 Baths
2,163 SqFt
0.55 Acres
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MLS #TB8559473 image #0
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-IMPACT 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!

Property Details

Price:
$799,000
MLS #:
TB8559473
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
RAINBOW TERRACE
Neighborhood:
33556odessa
Listed Date:
Oct 22, 2026
Finished Sq Ft:
2,163
Total Sq Ft:
2,267
Lot Size:
23,598 sqft / 0.55 acres (approx)
Year Built:
1973
TraditionalWaterfront33556 – Odessa33556odessaRainbow TerraceHammond Elementary SchoolSergeant Smith Middle-hbSteinbrenner High SchoolRainbow LakeNo MinimumPets Allowed

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Schools

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

Interior

Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Ceramic Tile, Engineered Hardwood
Heating
Central
Interior Features
Built-in Features, Ceiling Fan(s), Stone Counters, Vaulted Ceiling(s)
Laundry Features
Inside
Levels
One

Exterior

Architectural Style
Traditional
Construction Materials
Block, Stucco
Covered Spaces
2
Direction Faces
North
Exterior Features
Irrigation System, Sliding Doors
Lot Features
Conservation Area, In County, Landscaped
Other Structures
Shed(s)
Patio And Porch Features
Deck, Front Porch
Roof
Shingle
View
Trees/Woods, Water
Waterfront Features
Lake – Chain of Lakes
Window Features
Double Pane Windows, Insulated Windows

Financial

Tax Year
2025
Taxes
$5,051

Map

Community

Subdivisions in ODESSA

Market Summary

Current real estate data for Single Family in ODESSA as of Oct 23, 2026
218
Single Family Listed
107
Avg DOM
333
Avg $ / SqFt
$1,180,196
Avg List Price

Property Summary

    Located in the RAINBOW TERRACE subdivision, 17127 RAINBOW TERRACE ODESSA FL is a Single Family for sale in ODESSA, FL, 33556. It is listed for $799,000 and features 4 beds, 3 baths, and has approximately 2,163 square feet of living space, and was originally constructed in 1973. The current price per square foot is $369. The average price per square foot for Single Family listings in ODESSA is $333. The average listing price for Single Family in ODESSA is $1,180,196. To schedule a showing of MLS#tb8559473 at 17127 RAINBOW TERRACE in ODESSA, FL, contact your CENTURY 21 Carioti agent at 2392986550.

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17127 RAINBOW TERRACE
ODESSA, FL