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$299,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,347 Sq. Ft.
  • Updated 1 day ago
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Welcome to 5328 Rainbow Drive in Temple Terrace-a charming 3-bedroom, 2-bath home that blends timeless character with thoughtful updates. Situated on a spacious corner lot, this home offers a bright and functional layout featuring a functioning kitchen with solid wood cabinetry, ample counter space, and an inviting eat-in dining area. The expansive bonus/family room showcases a cozy wood-burning fireplace creating the perfect space for entertaining or relaxing. Property is currently updated with new paint inside out, new appliances, updated bathroom and all. The bedrooms feature classic terrazzo flooring, while the updated bathrooms add modern comfort without sacrificing charm. Outside, enjoy multiple patio areas, plenty of yard space, and room for gatherings, gardening, or pets. A large utility room provides additional storage and convenience, and the attached garage offers even more functionality. Conveniently located just minutes from shopping, dining, USF, Busch Gardens, major highways, and downtown Tampa, this home combines comfort, character, and an unbeatable location. Whether you're a first-time homebuyer, downsizing, or looking for an investment opportunity, this Temple Terrace gem is one you won't want to miss!

Full Property Details for 5328 Rainbow Dr

General

  • Price: $299,000
  • Taxes: $1,029 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8536280
  • Updated: 8/10/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Min. Lease: 1-7 Days

Interior

  • Number of Rooms: 7
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets
  • Fireplace: Yes
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Ceramic Tile, Epoxy, Terrazzo

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Other

Exterior

  • Exterior Features: Rain Gutters
  • Deck/Patio: Covered, Patio, Porch
  • Porch/Patio/Deck: Covered, Patio, Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 33617 - Tampa / Temple Terrace
  • County: Hillsborough
  • Development Name: 33617 - Tampa / Temple Terrace
  • Subdivision: GRANDVIEW ACRES UNIT 02
  • Driving Directions: From I-75, take Exit 266 for Fletcher Avenue and head west. Turn left onto North 56th Street, then right onto East Busch Boulevard. Turn left onto North Riverhills Drive, then right onto Rainbow Drive. The property will be on your left at 5328 Rainbow Drive, Temple Terrace, FL 33617.
  • Direction Faces: East

School Information

  • Elementary School: Lewis-HB
  • Middle School: Greco-HB
  • High School: King-HB

Community

  • Community Name: 33617 - Tampa / Temple Terrace
  • Pet Restrictions: Disclaimer: Buyer to confirm restrictions with any applicable HOA and County independently.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Other
  • Water: Public
  • Utility Description: Electricity Connected, Public

Structural Information

  • Architectural Info: Ranch
  • Architectural Style: Ranch
  • Exterior Const.: Block
  • Roof: Other
  • Stories/Levels: One
  • Square Feet: 1,347
  • Sq. Ft. Source: Public Records
  • Year Built: 1956

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,750
  • Lot Size: 6750
  • Street/Road Desc.: Other

Financial Considerations

  • Assoc Fee Desc.: None
  • Tax Amount: $1,029.88
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: GRANDVIEW ACRES UNIT NO 2 LOT 6 BLOCK 7
  • Flood Zone Info: X
  • APN: T22281955R00000700006.0
  • Property ID: T22281955R00000700006.0
  • Block/Lot/Section: 7

Listed by Lpt Realty, Llc

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Listing agent

— 5328 Rainbow Dr —

  • Lpt Realty, Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5328 Rainbow Dr

School District:Hillsborough County School District
NameGradesDistance
Lewis Elementary School
6700 Whiteway Dr, Temple Terrace, FL 33617
PK-52 mi
Greco Middle School
6925 East Fowler Avenue, Temple Terrace, FL 33617
6-82.1 mi
King High School
6815 North 56th Street, Tampa, FL 33610
9-121.4 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 5328 Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/10/2026
Listed
$299,000
216.4%
MLS
2/27/2015
Sold
$94,500
—
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 5328 Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,073
11%
$97,298
3%
2024
$969
5%
$94,556
3%
2023
$924
8%
$91,802
6%
2021
$859
-2%
$86,532
-3%
2022
$881
3%
$89,128
4%
2021
$859
5%
$85,337
2%
2019
$816
2%
$83,418
2%
2018
$802
1%
$81,863
2%
2017
$791
1%
$80,179
2%
2016
$781
-47%
$78,530
15%
2015
$1,471
141%
$68,564
11%
2014
$611
-2%
$61,944
1%
2013
$621
—
$61,029
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Lpt Realty, Llc

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5328 Rainbow Drive, Temple Terrace, FL 33617 (MLS# TB8536280) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5328 Rainbow Drive is currently listed for $299,000 and was received on August 10, 2026. Want to learn more about 5328 Rainbow Drive? Do you have questions about finding other Single Family real estate for sale in Temple Terrace? You can browse all Temple Terrace real estate or contact a Coldwell Banker agent to request more information.

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