17119 RAINBOW TERRACE ODESSA FL 33556 MLS #TB8357149

17119 RAINBOW TERRACE
ODESSA, FL, 33556
$639,950
3 Beds
2 Baths
1,742 SqFt
0.35 Acres
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MLS #TB8357149 image #0
Charming 3 bedroom, 2 bathroom home in one of the most sought after locations on Rainbow Lake. Whether you are looking for a vacation getaway or a year round residence, this property offers incredible potential with a flexible floor plan that allows you to personalize every space to your taste. The spacious enclosed sunroom provides beautiful views overlooking 50 acres of serene lakefront, while the backdoor opens to a covered patio and large backyard, ideal for entertaining, cookouts, or creating your own outdoor oasis. The possibilities here are truly wide open. The lakefront setting is perfect for water enthusiasts, offering opportunities for boating, kayaking, paddleboarding, and water skiing right outside your door. Please note photo number two has been enhanced to illustrate the home’s potential with simple cosmetic improvements and landscaping. The current condition of the property is reflected in the other photos. Situated on a quiet cul de sac with mature landscaping, this property offers privacy with no HOA or CDD fees, along with strong potential for short term rental use such as VRBO or Airbnb.
Conveniently located near Steinbrenner High School.

Property Details

Price:
$639,950
MLS #:
TB8357149
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
RAINBOW TERRACE
Neighborhood:
33556odessa
Listed Date:
Mar 3, 2025
Finished Sq Ft:
1,742
Total Sq Ft:
2,200
Lot Size:
15,140 sqft / 0.35 acres (approx)
Year Built:
1962
WaterfrontLakefrontPrimary Bedroom Main Floor33556 – Odessa33556odessaRainbow TerraceHammond Elementary SchoolSergeant Smith Middle-hbSteinbrenner High SchoolRainbow LakeVerify Lease Restrictions7 MonthsPets Allowed

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Schools

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

Interior

Appliances
Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Electric
Interior Features
Ceiling Fan(s), Primary Bedroom Main Floor
Laundry Features
Inside
Levels
One

Exterior

Community Features
Waterfront
Construction Materials
Block
Direction Faces
Northwest
Exterior Features
Private Mailbox
Fencing
Wood
Lot Features
Cul-De-Sac, Street Dead-End
Open Parking YN
1
Parking Features
Boat, Driveway
Roof
Shingle
View
Trees/Woods, Water
Waterfront Features
Waterfront, Lake Front

Financial

Tax Year
2024
Taxes
$2,107

Map

Community

Subdivisions in ODESSA

Market Summary

Current real estate data for Single Family in ODESSA as of Apr 27, 2026
238
Single Family Listed
88
Avg DOM
355
Avg $ / SqFt
$1,255,950
Avg List Price

Property Summary

    Located in the RAINBOW TERRACE subdivision, 17119 RAINBOW TERRACE ODESSA FL is a Single Family for sale in ODESSA, FL, 33556. It is listed for $639,950 and features 3 beds, 2 baths, and has approximately 1,742 square feet of living space, and was originally constructed in 1962. The current price per square foot is $367. The average price per square foot for Single Family listings in ODESSA is $355. The average listing price for Single Family in ODESSA is $1,255,950. To schedule a showing of MLS#tb8357149 at 17119 RAINBOW TERRACE in ODESSA, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.

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17119 RAINBOW TERRACE
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