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17127 Rainbow Ter, Odessa, FL 33556
17127 Rainbow Ter, Odessa, FL 33556
17127 Rainbow Ter, Odessa, FL 33556
17127 Rainbow Ter, Odessa, FL 33556
17127 Rainbow Ter, Odessa, FL 33556
17127 Rainbow Ter, Odessa, FL 33556
17127 Rainbow Ter, Odessa, FL 33556

17127 Rainbow Ter Odessa, FL 33556

$799,000

ACTIVE
Beds
4
Baths
3
Sqft
2,163
Acres
0.46
Year
1973
Days on Site
1 Hour
Property Type
Residential
Sub Type
Single Family Residence
Per Square Foot
$369
Date Listed
Oct 19, 2026

Description of 17127 Rainbow Ter, Odessa, FL 33556

Listing details for 17127 Rainbow Ter, Odessa, FL 33556 : EXCEPTIONAL LAKEFRONT LIVING IN HIGHLY SOUGHT-AFTER ODESSA! Discover a rare opportunity to own a beautifully maintained 4-bedroom, 3-bath waterfront home offering 110 feet of frontage on picturesque Rainbow Lake, a stunning natural setting surrounded by towering 100-foot cypress trees and lush Florida landscape. Perfectly positioned on a quiet, dead-end street across from a lush conservation area, this exceptional property offers a peaceful, private retreat while remaining conveniently close to everything Tampa Bay has to offer. OVER $220,000 IN IMPROVEMENTS AND UPGRADES COMPLETED FROM 2021–2026! Meticulously maintained and thoughtfully updated, this home offers an impressive collection of major improvements, including a NEW ROOF (2026), NEW HURRICANE-IMPACT WINDOWS AND DOORS (2026), beautifully REMODELED BATHROOMS, NEW EXTERIOR STUCCO AND FRESH EXTERIOR PAINT (2026), ALL NEW HVAC DUCTWORK AND VENTS (2026), and NEW ATTIC INSULATION (2026). Additional enhancements include updated lighting throughout the home, new electrical outlets and switches, refreshed interior paint, updated drywall ceilings in several living areas, and a Kinetico water softening and reverse osmosis system. A charming wood-burning fireplace adds warmth and character to the living space, while the updated laundry room features additional cabinetry and a new washer and dryer. Outside, a convenient storage shed provides extra space for tools, lawn equipment, and recreational gear. Even the waterfront dock platform has been refurbished, providing the perfect setting to enjoy the beauty of Rainbow Lake. These extensive improvements represent a significant investment in the home's comfort, efficiency, and long-term value. THE WATERFRONT LIFESTYLE IS THE TRUE SHOWSTOPPER! Rainbow Lake encompasses approximately 50 acres of beautiful freshwater, offering an incredible setting for boating, water skiing, jet skiing, fishing, kayaking, paddleboarding, or simply relaxing along the shoreline. The lake also features a navigable connection to Little Moon Lake, offering additional opportunities for waterfront exploration when water levels permit. Imagine starting your mornings with coffee overlooking the lake, spending afternoons on the water, and unwinding in the evenings beneath the majestic cypress trees. This is Florida waterfront living at its finest! Despite its serene, tucked-away location, this home offers outstanding convenience. Zoned for highly regarded Steinbrenner High School, the property is approximately 20 minutes from Tampa International Airport, minutes from popular restaurants, shopping, and everyday conveniences, and less than an hour from the beautiful Gulf Coast beaches. A RARE COMBINATION OF NATURAL BEAUTY, EXTENSIVE UPDATES, AND RECREATIONAL WATERFRONT LIVING IN ONE OF ODESSA'S MOST DESIRABLE SETTINGS. Whether you're seeking an active lakefront lifestyle or a peaceful escape surrounded by nature, this extraordinary property offers the best of both worlds. Schedule your private showing and experience the beauty of Rainbow Lake firsthand!
Listing Updated : 10-22-2026 at 4:05 PM EDT
Listing Provided By : Melissa Motta, 813-324-2440, FLORIDA EXECUTIVE REALTY
Source :

Stellar MLS as distributed by MLS GRID, MLS#: MFRTB8559473

For more information on this listing contact us at (727) 533-5815

Property History

DateEventPrice
10/19/2026
Listed for sale
$799,000 +83.7%
$369/sqft
Source:Stellar MLS #MFRTB8559473
12/18/2020
Sold
$435,000 -8.4%
$201/sqft
Source:Stellar MLS #MFRT3274349
11/4/2020
Listed for sale
$475,000
$220/sqft
Source:Stellar MLS #MFRT3274349
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Based on information submitted to the MLS GRID as of 2026-10-22. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

For more information on this listing contact us at (727) 533-5815