17129 Rainbow Ter is a 1959-built home in Rainbow Terrace, Odessa. Inside you'll find 4 bedrooms, 3 bathrooms, and 2,123 square feet of living space. Listed at $975,000 (about $459/sqft), 1 days on market. Flood zone AE - confirm flood insurance requirements with your lender.
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.
Elementary
Hammond Elementary School
Middle
Sergeant Smith Middle-HB
High
Steinbrenner High School
Districts can re-zone, so verify directly with the district before relying on these.
Annual Tax (2025)
$10,892
Parcel #
U-22-27-17-015-000000-00003.0
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Subdivision
Rainbow Terrace
County
Hillsborough
MLS Area
33556 - Odessa
Lot Size
19,215 sqft
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