17119 Rainbow Terrace, Odessa, FL, 33556For Sale
$639,950
3beds2.00baths1742sqft

17119 Rainbow Terrace, Odessa, FL, 33556

MLS#: TB8357149
Single Family Residence
Built in 1962
0.3500 acre lot
$367/sqft
327 days on market
$2,107/yr tax

What's special

Charming 3-bedroom, 2-bathroom home in one of the most sought-after locations on Rainbow Lake. Whether you're looking for a vacation getaway or a year-round residence, this property offers endless potential with a flexible floor plan that allows you to personalize every room. The spacious, enclosed sunroom provides stunning views of 50 acres of the serene lake, while the backdoor opens to a covered patio and large backyard—ideal for entertaining guests, hosting cookouts, or enjoying outdoor activities. With ample space for creating your dream outdoor living area, the possibilities are endless! The lakefront setting offers the perfect environment for water lovers, with opportunities for boating, kayaking, paddleboarding, and water skiing. Nestled on a quiet cul-de-sac street with mature landscaping, this home also offers privacy and no HOA or CDD fees, with great potential for short-term rentals such as VRBO or Airbnb. Conveniently located near Steinbrenner High School,

327 days on Horizon Palm

Listing office: REAL BROKER, LLC · MLS#: TB8357149


Map

17119 Rainbow Terrace, Odessa, FL, 33556


Facts & features

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2.00

Heating

Heating: Electric

Cooling

Cooling: Central Air

Appliances

Appliances: Refrigerator

Features

Interior features: Ceiling Fan(s), Primary Bedroom Main Floor
Flooring: Tile
Laundry: Inside

Interior area

Total interior livable area: 1742 sqft

Room dimensions

Kitchen: 10x4 (First)
Living Room: 14x14 (First)
Primary Bedroom: 14x12 (First)

Parking

Parking features: Boat, Driveway

Features

View: Trees/Woods, Water
Exterior features: Private Mailbox
Fencing: Wood
Waterfront: Yes
Waterfront features: Waterfront, Lake Front

Lot

Lot size: 0.3500 Acres
Lot features: Cul-De-Sac, Street Dead-End

Details

Parcel number: U22271701500000000008.0
Zoning: ASC-1

Type & style

Home type: Single Family Residence

Materials

Construction materials: Block
Foundation: Slab
Roof: Shingle

Condition

Year built: 1962

Community

Subdivision: Rainbow Terrace
Community features: Waterfront

Utilities

Utilities: Public, Water Connected
Sewer: Septic Tank

Details

Price/sqft: $367
Annual taxes: $2, 107 (2024)
Date on market: 03/03/2025
Days on market: 327
Listing terms: Cash, Conventional
Listing agent: Vincent Arcuri
Listing office: REAL BROKER, LLC
MLS ID: TB8357149

Price history

Price Reduced $30,000Originally $669,950
$

Originally Listed

First listed price

$669,950

$385/sqft

For Sale

2025-03-03T05:00:00.000Z · REAL BROKER, LLC

$639,950

$367/sqft$30,000

Payment calculator

$326/mo
Principal & interest
$0
Property taxes
$176
Home insurance
$150

This is an estimate based on a 30-year fixed-rate mortgage at 6.75% APR. Actual rates and payments may vary. Contact a lender for exact quotes.


Odessa

Odessa, FLHillsborough County33556
See more homes in Odessa

Walk Score®

Walk ScoreTransit ScoreBike Score

Scores provided by Walk Score


StellarMLS / Beaches MLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on 2026-03-26 at 3:36 pm

Contact Us

By pressing Send message, you agree that Horizon Palm Realty Group may contact you via phone/text about your inquiry.