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17109 Rainbow Terrace, Odessa, FL, 33556

$470/sqft·Rainbow Terrace

3 bd2 ba1,756 sqft2 car garageSingle Family
Listed by BUY AMERICAN REAL ESTATE CORPORATION· Last updated · MLS# TB8513826

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

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

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), 80 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
102 days
Annual tax
$4,121
Flood zone
AE
Lot
21,252 sqft
Type
Single Family Residence

Location

17109 Rainbow Terrace
Odessa, FL, 33556·33556 - Odessa
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
102
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 fileFlood 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
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
6/1/2026
Listed for sale
Source: Stellar MLS #TB8513826
$950,000
$541/sqft
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.

Offer Insights

Choose an offer strength

List price: $825,000
$810,000 – $825,000
98.4% – 100% of listTops out right at the list price
80% of listList price
106 of the last 210 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 102 after a $125,000 cut.

Sample: 210 closed home sales in 33556 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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