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,
For sale
$639,950
17119 Rainbow Ter, Odessa, FL 33556
3beds
1,742sqft
Est.:
Single Family Residence
Built in 1962
0.35 Acres Lot
$-- Zestimate®
$367/sqft
$-- HOA
What's special
Enclosed sunroomLarge backyardFlexible floor planCovered patioMature landscaping
- 407 days |
- 825 |
- 25 |
Zillow last checked:
Listing updated:
Listing Provided by:
Vincent Arcuri 813-846-2368,
REAL BROKER, LLC 855-450-0442,
Ellie Lambert 813-690-0319,
REAL BROKER, LLC
Source: Stellar MLS,MLS#: TB8357149
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Area: 168 Square Feet
- Dimensions: 14x12
Kitchen
- Level: First
- Area: 40 Square Feet
- Dimensions: 10x4
Living room
- Level: First
- Area: 196 Square Feet
- Dimensions: 14x14
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Refrigerator
- Laundry: Inside
Features
- Ceiling Fan(s), Primary Bedroom Main Floor
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 2,200
- Total interior livable area: 1,742 sqft
Video & virtual tour
Property
Parking
- Parking features: Boat, Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Exterior features: Private Mailbox
- Fencing: Wood
- Has view: Yes
- View description: Trees/Woods, Water, Lake
- Has water view: Yes
- Water view: Water,Lake
- Waterfront features: Waterfront, Lake Front, Lake Privileges, Skiing Allowed
- Body of water: RAINBOW LAKE
Lot
- Size: 0.35 Acres
- Features: Cul-De-Sac, Street Dead-End
Details
- Parcel number: U22271701500000000008.0
- Zoning: ASC-1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Public, Water Connected
Community & HOA
Community
- Features: Waterfront
- Pet fee: $0 monthly
- Subdivision: RAINBOW TERRACE
HOA
- Has HOA: No
Location
- Region: Odessa
Financial & listing details
- Price per square foot: $367/sqft
- Tax assessed value: $366,855
- Annual tax amount: $2,107
- Date on market: 3/3/2025
- Cumulative days on market: 350 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved, Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$2,521/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 5/24/2025 | Price change | $639,950-4.5%$367/sqft |
Source:  Stellar MLS #TB8357149 Report a problem | ||
| 3/3/2025 | Listed for sale | $669,950-7%$385/sqft |
Source: Stellar MLS #TB8357149 Report a problem | ||
| 9/28/2023 | Listing removed | -- |
Source: Stellar MLS #T3391993 Report a problem | ||
| 7/30/2022 | Listed for sale | $720,000$413/sqft |
Source: Stellar MLS #T3391993 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,107 +5.1% | $131,235 +3% |
| 2023 | $2,005 +7.7% | $127,413 +3% |
| 2022 | $1,862 +1.7% | $123,702 +3% |
| 2021 | $1,830 +4.6% | $120,099 +1.4% |
| 2020 | $1,750 +5.2% | $118,441 +2.3% |
| 2019 | $1,663 | $115,778 +1.9% |
| 2018 | $1,663 +3.2% | $113,619 -19.3% |
| 2017 | $1,610 +2% | $140,868 +29.2% |
| 2016 | $1,579 +1.7% | $108,993 +0.7% |
| 2015 | $1,552 +0.6% | $108,235 +0.8% |
| 2014 | $1,543 | $107,376 +1.5% |
| 2013 | $1,543 +0.7% | $105,789 +1.7% |
| 2012 | $1,532 +3.9% | $104,021 +3% |
| 2011 | $1,474 +3.2% | $100,991 +1.5% |
| 2010 | $1,429 +3.9% | $99,499 +2.7% |
| 2009 | $1,376 +0.6% | $96,883 +0.1% |
| 2008 | $1,367 -14.1% | $96,786 +3% |
| 2007 | $1,590 -3.7% | $93,967 +2.5% |
| 2006 | $1,652 +0.7% | $91,675 +3% |
| 2005 | $1,641 | $89,005 +3% |
| 2004 | -- | $86,413 +1.9% |
| 2003 | -- | $84,802 +2.4% |
| 2002 | -- | $82,814 +2.2% |
| 2001 | -- | $81,019 -25.2% |
| 2000 | $1,465 | $108,313 |
Find assessor info on the county website
Monthly payment
Est. payment
$4,051/mo
Principal & interest
$3091
Property taxes
$960
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Climate risks
Neighborhood: 33556
Nearby schools
GreatSchools rating
- 9/10Hammond Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 8/10Sergeant Paul R Smith Middle SchoolGrades: 6-8Distance: 3.4 mi
- 7/10Steinbrenner High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Hammond Elementary School
- Middle: Sergeant Smith Middle-HB
- High: Steinbrenner High School
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Hillsborough County
- Odessa
- 33556
- 17119 Rainbow Ter
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