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Wade M. Berlin

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17119 Rainbow Terrace
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PRICED AT ONLY: $639,950

Address: 17119 Rainbow Terrace, ODESSA, FL 33556

Description

Charming 3 bedroom, 2 bathroom home in one of the most sought after locations on Rainbow Lake. Whether you are looking for a vacation getaway or a year round residence, this property offers incredible potential with a flexible floor plan that allows you to personalize every space to your taste. The spacious enclosed sunroom provides beautiful views overlooking 50 acres of serene lakefront, while the backdoor opens to a covered patio and large backyard, ideal for entertaining, cookouts, or creating your own outdoor oasis. The possibilities here are truly wide open. The lakefront setting is perfect for water enthusiasts, offering opportunities for boating, kayaking, paddleboarding, and water skiing right outside your door. Please note photo number two has been enhanced to illustrate the homes potential with simple cosmetic improvements and landscaping. The current condition of the property is reflected in the other photos. Situated on a quiet cul de sac with mature landscaping, this property offers privacy with no HOA or CDD fees, along with strong potential for short term rental use such as VRBO or Airbnb. Conveniently located near Steinbrenner High School.

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  • MLS#: TB8357149 ( Residential )
  • Street Address: 17119 Rainbow Terrace
  • Viewed: 323
  • Price: $639,950
  • Price sqft: $291
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Lake Front
  • Year Built: 1962
  • Bldg sqft: 2200
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 436

Description

Charming 3 bedroom, 2 bathroom home in one of the most sought after locations on Rainbow Lake. Whether you are looking for a vacation getaway or a year round residence, this property offers incredible potential with a flexible floor plan that allows you to personalize every space to your taste. The spacious enclosed sunroom provides beautiful views overlooking 50 acres of serene lakefront, while the backdoor opens to a covered patio and large backyard, ideal for entertaining, cookouts, or creating your own outdoor oasis. The possibilities here are truly wide open. The lakefront setting is perfect for water enthusiasts, offering opportunities for boating, kayaking, paddleboarding, and water skiing right outside your door. Please note photo number two has been enhanced to illustrate the homes potential with simple cosmetic improvements and landscaping. The current condition of the property is reflected in the other photos. Situated on a quiet cul de sac with mature landscaping, this property offers privacy with no HOA or CDD fees, along with strong potential for short term rental use such as VRBO or Airbnb. Conveniently located near Steinbrenner High School.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Private Mailbox
  • Fencing: Wood
  • Flooring: Tile
  • Living Area: 1742.00
  • Roof: Shingle
Land Information
  • Lot Features: Cul-De-Sac, Street Dead-End, Paved
School Information
  • High School: Steinbrenner High School
  • Middle School: Sergeant Smith Middle-HB
  • School Elementary: Hammond Elementary School
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Boat, Driveway
Eco-Communities
  • Water Source: Well
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Pets Allowed: Yes
  • Sewer: Septic Tank
  • Utilities: Public, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Primary Bedroom Main Floor
  • Legal Description: RAINBOW TERRACE LOT 8
  • Levels: One
  • Area Major: 33556 - Odessa
  • Occupant Type: Owner
  • Parcel Number: U-22-27-17-015-000000-00008.0
  • View: Trees/Woods, Water
  • Views: 323
  • Zoning Code: ASC-1
Nearby Subdivisions
04 Lakes Estates   Acreage   Arbor Lakes Ph 3b   Ashley Lakes   Ashley Lakes Ph 01   Ashley Lakes Ph 2a   Asturia Ph 1b 1c   Asturia Ph 1d   Asturia Ph 2a 2b   Asturia Ph 3   Asturia Ph 5   Belle Meade   Belmack Acres   Canterbury   Canterbury Village First Add   Citrus Green Ph 2   Clarkmere   Copeland Creek   Farmington   Grey Hawk At Lake Polo   Grey Hawk At Lake Polo Ph 02   Hammock Woods   Holiday Club   Ivy Lake Estates   Keystone Crossings   Keystone Grove Lakes   Keystone Lake View Park   Keystone Meadow 3   Keystone Park   Keystone Park Colony   Keystone Park Colony Land Co   Keystone Park Colony Sub   Keystone Shores Estates   Keystone Terrace   Lake Breckenridge   Lake Maurine Sub   Lake Mineola   Lake Taylor   Lakes Of Keystone   Lakeside Grove Estates   Magnolia Farms   Nine Eagles   Northbridge At Lake Pretty   Northton Groves Sub   Not In Hernando   Odessa Lakefront   Odessa Preserve   Parker Pointe Ph 01   Parker Pointe Ph 02a   Parker Pointe Phase One   Rainbow Terrace   Ridgeland Rep   Soleta At Starkey Ranch   South Branch Preserve   South Branch Preserve Ph 1   South Branch Preserve Ph 2a    South Branch Preserve Ph 2b    South Branch Preserve Ph 2b 3   South Branch Preserve Ph 4a 4   Southfork At Van Dyke Farms   St Andrews At The Eagles Un 1   St Andrews At The Eagles Un 2   Starkey Ranch   Starkey Ranch Pcls 8 9 Ph 1   Starkey Ranch Ph 1 Pcls 8 9   Starkey Ranch Ph 1 Pcls 8 & 9   Starkey Ranch Ph 2 Pcls 8 9   Starkey Ranch Ph 2 Prcl D   Starkey Ranch Ph 3 Prcl F   Starkey Ranch Prcl 7   Starkey Ranch Prcl A   Starkey Ranch Prcl B2   Starkey Ranch Prcl C 1   Starkey Ranch Prcl C1   Starkey Ranch Prcl C2   Starkey Ranch Prcl D Ph 1   Starkey Ranch Prcl D Ph 2   Starkey Ranch Village 1 Ph 15   Starkey Ranch Village 1 Ph 2a   Starkey Ranch Village 1 Ph 2b   Starkey Ranch Village 1 Ph 3   Starkey Ranch Village 1 Ph 4a4   Starkey Ranch Village 1 Ph 5   Starkey Ranch Village 2 Ph 1a   Starkey Ranch Village 2 Ph 1b1   Starkey Ranch Village 2 Ph 1b2   Starkey Ranch Village 2 Ph 2a   Starkey Ranch Village 2 Ph 2b   Starkey Ranch Whitfield Preser   Starkey Ranch65 Lots   Stasia Platted Minor Sub   Steeplechase   Stillwater Ph 2   Swan Cove   Tarramor   Tarramor Ph 1   Tarramor Phase 1   The Paddocks At Van Dyke Farm   The Trails At Van Dyke Farms   Turnberry At The Eagles Un 2   Unplatted   Victoria Lakes   Warren Estates   Waterstone   Windsor Park At The Eaglesfi   Wyndham Lake Sub Ph One   Wyndham Lakes Ph 04   Wyndham Lakes Phase 4   Zzz Unplatted  
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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
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