IDX

Listed by Melissa Motta · Courtesy of FLORIDA EXECUTIVE REALTY · Agent MLS ID# MFR261557387 · Deemed reliable but not guaranteed. · Listing updated: Oct 24, 2026 · 5:13 PM

17127 RAINBOW TER

Odessa, Hillsborough, FL, 33556

Active

$799,000

$369/sqft

4Beds
3Baths
2,163Sq Ft
1973Built
2Days on Market

About this home

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 in Tampa Bay. 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 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!

Facts & Features

MFRTB8559473
$799,000
Active
4
3
3
0
2,163 sqft
0.5500
1973
Residential
Single Family Residence
Traditional

Community Information

17127 RAINBOW TER
Rainbow Terrace
Odessa
Hillsborough
FL
33556
No

Amenities

N/A
N/A
No
Yes
No

Interior

Ceiling Fans(s), Vaulted Ceiling(s), Stone Counters, Built-in Features
Central
Central Air
Carpet, Ceramic Tile, Hardwood
Wood Burning
1
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Range, Water Softener

Exterior

N/A
Block, Stucco
Slab
Shingle
N/A
In County, Landscaped, Paved, Conservation Area

School Information

Hammond Elementary School
Sergeant Smith Middle-Hb
Steinbrenner High School

Additional Information

October 22, 2026
2
ASC-1
North
No

Mortgage Calculator

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Years
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. FLORIDA EXECUTIVE REALTY is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

2 days on market

Listing updated: Oct 24, 2026 · 5:13 PM

Listed by: Melissa Motta · 813-476-5000—FLORIDA EXECUTIVE REALTY · 813-324-2440

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

Get in Touch

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