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$975,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,123 Sq. Ft.
  • Updated 1 day ago
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Indulge in the ultimate lakefront lifestyle-this is the one you've been waiting for to start living your best life. Nestled in the highly sought-after Keystone/Odessa area 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. Come enjoy the peaceful country-luxury lifestyle. 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 the buyer is interested.

Full Property Details for 17129 Rainbow Terrace

General

  • Price: $975,000
  • Taxes: $10,892 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8503270
  • Updated: 5/1/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Min. Lease: 1-7 Days

Interior

  • Number of Rooms: 4
  • Interior Features: Ceiling Fan(s), Kitchen and Family Room Combination, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Wet Bar
  • Appliances: Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water Softener, Wine Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Private Mailbox, Rain Gutters

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Carports: Yes
  • Carport: 1
  • Carport Spaces: 1
  • Covered Spaces: 2
  • Parking Features: Driveway, Guest, Off Street, Oversized

Location

  • Area: 33556 - Odessa
  • County: Hillsborough
  • Development Name: 33556 - Odessa
  • Subdivision: RAINBOW TERRACE
  • Driving Directions: From the Citrus Park / Tampa area: Head north on Gunn Highway Turn left onto N Mobley Road Turn right onto Crawley Road Turn left onto Rainbow Terrace The home will be on your left
  • Direction Faces: Northeast

School Information

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

Community

  • Community Name: 33556 - Odessa
  • Assoc. Name: None

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Septic Tank
  • Water District: RAINBOW LAKE
  • Water: Well
  • Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Structural Information

  • Exterior Const.: Concrete, Stucco
  • Roof: Shingle
  • Windows: Blinds
  • Stories/Levels: One
  • Square Feet: 2,123
  • Sq. Ft. Source: Public Records
  • Year Built: 1959

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.44
  • Lot Size (Sq. Ft.): 19,215
  • Lot Size: 19215
  • Lot Dimensions: 105 x 183
  • Frontage: Street Paved
  • Street/Road Desc.: Paved

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Lake
  • Water Extras: Yes
  • Water Front Name: RAINBOW LAKE
  • Water Front Desc.: Lake Front

Financial Considerations

  • Assoc Fee Desc.: None
  • Tax Amount: $10,892.19
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: RAINBOW TERRACE LOT 3
  • Flood Zone Info: AE
  • APN: U22271701500000000003.0
  • Property ID: U22271701500000000003.0

Listed by The Campins Company,Llc

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Listing agent

— 17129 Rainbow Terrace —

  • The Campins Company,Llc

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 17129 Rainbow Terrace

School District:Hillsborough County School District
NameGradesDistance
Hammond Elementary School
8008 North Mobley Road, Odessa, FL 33556
PK-51.5 mi
Sergeant Paul R Smith Middle School
14303 Citrus Pointe Drive, Tampa, FL 33625
6-83.4 mi
Steinbrenner High School
5575 West Lutz Lake Fern Road, Lutz, FL 33558
9-124.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 17129 Rainbow Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/30/2026
Listed
$975,000
17.65%
MLS
5/23/2022
Sold
$828,750
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 17129 Rainbow Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,133
—
$602,640
—
2024
$10,133
9%
$603,306
19%
2023
$9,333
63%
$506,533
72%
2021
$5,714
-10%
$295,152
-12%
2022
$6,333
11%
$336,939
23%
2021
$5,714
1737%
$272,877
35%
2019
$311
15%
$202,042
2%
2018
$271
2%
$198,275
2%
2017
$265
5%
$194,197
2%
2016
$253
—
$190,203
1%
2015
$253
8%
$188,881
1%
2014
$235
—
$187,382
1%
2013
$235
—
$184,613
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by The Campins Company,Llc

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17129 Rainbow Terrace, Odessa, FL 33556 (MLS# TB8503270) is a Single Family property with 4 bedrooms and 3 full bathrooms. 17129 Rainbow Terrace is currently listed for $975,000 and was received on April 30, 2026. Want to learn more about 17129 Rainbow Terrace? Do you have questions about finding other Single Family real estate for sale in Odessa? You can browse all Odessa real estate or contact a Coldwell Banker agent to request more information.

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