17129 RAINBOW TERRACE

House For Sale

$975,000

BTC: 15.47619048

ETH: 558.41924399

35 days

Waterfront

For Sale

House

4 bds •

3 ba •

2,123 sqft

Overview

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.

Location

Florida • ODESSA • 33556 • House • For Sale • Waterfront

Details

Type:

Residential

Parking:

Driveway / Guest / Off Street / Oversized

Year Built:

1959

Lot:

0.44 Acres

Heating:

Electric

Price/sqft:

$459

Cooling:

Central Air

HOA:

No Data

Type:

Residential

Parking:

Driveway / Guest / Off Street / Oversized

Year Built:

1959

Lot:

0.44 Acres

Heating:

Electric

Price/sqft:

$459

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$485,000

$399K – $1.0M

Confidence Low

List vs. estimate

$490K above estimate

List $975,000 · +101.0%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$459

+68.5% vs. city median $272

Based on

9 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$10,892

2025

View

Water

Waterfront

Lake Front

Garage

1 car garage

Pets

Allowed

All facts and features

Flooring

• Luxury Vinyl

Heating

• Electric

Cooling

• Central Air

Appliances

• Convection Oven

• Dishwasher

• Dryer

• Microwave

• Refrigerator

• Washer

• Water Softener

• Wine Refrigerator

Other interior features

• Ceiling Fan(s)

• Kitchen/Family Room Combo

• L Dining

• Living Room/Dining Room Combo

• Open Floorplan

• Primary Bedroom Main Floor

• Thermostat

• Wet Bar

Bedrooms and bathrooms

• Bedrooms: 4

• Full bathrooms: 3
Parking

• Driveway

• Guest

• Off Street

• Oversized

Property

• Levels: One

• Exterior Features: Private Mailbox / Rain Gutters

Lot

• Lot: 0.44 Acres

Other Property Information

• Parcel Number: U22271701500000000003.0

• Zoning: ASC-1
Type and style

• Property Type: Residential

• Property Sub Type: Single Family Residence
Utility

• BB/HS Internet Available

• Cable Available

• Electricity Available

• Sewer Available

• Sewer Connected

• Water Available

• Water Connected
Other financial information

• Annual tax amount: $10,892
Source details

• MLS ID: TB8503270

Other facts

• Construction Materials: Concrete / Stucco

• Foundation Details: Block

• Laundry Features: Inside

• Lot Features: In County / Oversized Lot

• Window Features: Blinds

• Direction Faces: Northeast

• Other Structures: Shed(s)

• Waterfront: Yes

• Water Body Name: RAINBOW LAKE

• Garage Spaces: 1

• Attached Garage: Yes

• Garage: Yes

• Living Area: 2123

• Water Source: Well

• Lot Size Dimensions: 105 x 183

• Subdivision Name: RAINBOW TERRACE

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: THE CAMPINS COMPANY,LLC

17129 RAINBOW TERRACE

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

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