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’re looking for a vacation getaway or a year-round residence, this property offers endless potential with a flexible floor plan that allows you to personalize every room. The spacious, enclosed sunroom provides stunning views of 50 acres of the serene lake, while the backdoor opens to a covered patio and large backyard—ideal for entertaining guests, hosting cookouts, or enjoying outdoor activities. With ample space for creating your dream outdoor living area, the possibilities are endless! The lakefront setting offers the perfect environment for water lovers, with opportunities for boating, kayaking, paddleboarding, and water skiing. Nestled on a quiet cul-de-sac street with mature landscaping, this home also offers privacy and no HOA or CDD fees, with great potential for short-term rentals 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
Laundry Features
Inside

Exterior

Community Features
Waterfront
Construction Materials
Block
Exterior Features
Private Mailbox
Parking Features
Boat, Driveway
Roof
Shingle

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 Mar 19, 2026
187
Single Family Listed
97
Avg DOM
359
Avg $ / SqFt
$1,272,194
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 $359. The average listing price for Single Family in ODESSA is $1,272,194. 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
ODESSA, FL