17109 Rainbow Terrace, photo 1
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Overview

3 bd2 ba1,756 sqft2 car garageSingle Family
TypeSingle Family
HOANone listed
Built1965
Lot21,252 sqft
Living area1,756 sqft
Price / sqft$470
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Eat-in KitchenKitchen/Family Room ComboLiving Room/Dining Room ComboPrimary Bedroom Main FloorSplit BedroomWindow TreatmentsPrivate Entrance

17109 Rainbow Terrace is a 1965-built home in Rainbow Terrace, Odessa. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,756 square feet of living space. Listed at $825,000 (about $470/sqft), 140 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Enjoy approximately 93 feet of private frontage on beautiful Rainbow Lake. This unique and nearly rectangular homesite offers expansive water views, a spacious backyard, and excellent opportunities for boating, skiing, fishing, kayaking, paddle boarding and unforgettable sunsets. Rainbow Lake is approximately a 43 acre freshwater ski lake. Tucked away in a serene rural setting, this exceptional lake view property offers a rare combination of expansive views, open space, and true tranquility and ideal as a primary residence, second home, or weekend retreat. Lot is approximately 0.49 acres (about 93' x 230') and a rare find on this lake due to it's nearly rectangular hoesite with generous backyard. Whether you are relaxing by the pool, entertaining guests or simply wanting to unwind in total privacy, this property delivers a lifestyle that is increasingly difficult to find.

The essentials

Built
1965
Price / sqft
$470
On market
140 days
Annual tax
$4,121
Flood zone
AE
Lot
21,252 sqft
Type
Single Family Residence

At a glance

Single family
Built 1965
Water views
Water
Private pool
Deck
2 car garage
Deeded
0.48 acres
Lot size

Payment

Est. monthly payment
$5,059/mo
Down payment (20%)
$165,000
Property taxes
$343/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1965
Lot
21,252 sqft
Cooling
Central Air
Heating
Electric
Parking
Deeded, Driveway, Ground Level
Pool
Deck, In Ground
Days on Market
140
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Split Bedroom
Window Treatments
Private Entrance
Private Mailbox
Private Yard
Sliding Doors
Storage
Dishwasher
Dryer
Range
Refrigerator
Washer
Elementary
Hammond Elementary School
Middle
Walker-HB
High
Steinbrenner High School

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone AE
Annual Tax (2025)
$4,121
Parcel #
0019990000

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
21,252 sqft
LandscapedLevelPrivatePaved

Price history

Date
Event
Price
8/19/2026
Price change
Source: Stellar MLS #TB8513826
$825,000-7.8%
$470/sqft
-
Price change
Source: Stellar MLS #TB8513826
$895,000-5.8%
$510/sqft
5/29/2026
Listed for sale
Source: Stellar MLS #TB8513826
$950,000
$541/sqft

Neighborhood

17109 Rainbow Terrace
Odessa, FL, 33556 · 33556 - Odessa

Market insights

Offer Insights

Choose an offer strength

List price: $825,000
$815,000 – $825,000
98.5% – 100% of listTops out right at the list price
80% of listList price
138 of the last 274 home closings in 33556 landed at this number or higher (50%). The median one sat 33 days before it went under contract, and this one is on day 140 after a $125,000 cut.

Sample: 274 closed home sales in 33556 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$5,059/mo
Principal & interest$4,303
Property taxes$343
Insurance$413
Down payment20% · $165,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$825,000

$470 per sq ft

Beds and baths

3 beds, 2 baths

Size

1,756 sq ft

Time on market

140 days

Year built

1965

Monthly payment

About $5,059/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,121 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byBUY AMERICAN REAL ESTATE CORPORATIONListing agent: Cienwen KemperListing data from Stellar MLS, MLS# TB8513826.

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