Rainbow Terrace Homes with Water View

Rainbow Terrace Homes with Water View

Welcome to Rainbow Terrace, a hidden gem nestled in the heart of Odessa, Florida, within the picturesque Hillsborough County. This enchanting subdivision is perfect for those who seek a serene lifestyle while still enjoying the conveniences of modern living. Rainbow Terrace is characterized by its lush landscapes, friendly community atmosphere, and, most notably, stunning homes that offer breathtaking water views.

Imagine waking up each morning to the gentle sounds of nature, with the sun rising over tranquil waters just outside your window. The homes in Rainbow Terrace are designed to embrace this serene environment, featuring spacious layouts, contemporary finishes, and expansive outdoor areas perfect for entertaining or simply soaking in the beauty of your surroundings. Many properties boast private docks or direct access to the water, allowing residents to indulge in activities like fishing, kayaking, or enjoying leisurely sunset strolls along the shore.

The community of Rainbow Terrace is not just about beautiful homes; it fosters a sense of belonging. With friendly neighbors and a variety of community events, residents quickly become part of a close-knit family. Odessa itself is a vibrant city, offering excellent schools, shopping, and dining options, all while maintaining a peaceful, small-town charm.

Whether you are looking for a primary residence or a vacation retreat, Rainbow Terrace is an ideal choice for those who appreciate the beauty of waterfront living combined with the warmth of a welcoming community. Discover your dream home in Rainbow Terrace, where every day feels like a getaway!

Newest Rainbow Terrace Homes with Water View

17127 Rainbow Terrace, Odessa
$799,000
4 Beds ⋅ 3 Baths ⋅ Rainbow Terrace SubDv. ⋅ 33556 Zip Code
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 SLIDER 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!

17127 Rainbow Terrace, Odessa
17109 Rainbow Terrace, Odessa
$765,000
3 Beds ⋅ 2 Baths ⋅ Rainbow Terrace SubDv. ⋅ 33556 Zip Code
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.

17109 Rainbow Terrace, Odessa
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