Waterfront - Fixer Upper - Master on Main
$ 485,000
Property Attributes
  • MLS#T3293754
  • TypePending
  • CityOdessa
  • AreaOdessa
  • NeighborhoodRainbow Terrace
  • Zip33556
  • StyleSingle Family Residence
  • Year Built1959
  • Taxes5288
  • Price$ 485,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage2123
  • Lot Size0.44 Acres
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

RARE WATERFRONT OPPORTUNITY with 105’ of frontage along RAINBOW LAKE in beautiful, ODESSA! The peace and serenity of Rainbow Terrace welcomes you from the minute you turn off Crawley Road to make your way home. This home is "PRICED TO MOVE"!! This is a great fixer upper and is located in a "Hidden Gem Waterfront" area. Home has strong bones, roof appears to be in good shape. Florida Room has a magnificent water view and was used as a bedroom, with the bonus/sunroom next to it leading into a handicap bathroom. Two of the bathrooms are missing vanities, etc. Septic done within the last 15years. There is a water softener, not currently being used. This home is ready for a face lift and new updates throughout. Take a look at what this property has to offer with a beautiful backyard with a 105 FF waterfront. There is plenty of room for entertainment that includes a covered Gazebo and Dock sitting on .44 acres. Bring your Boat and Fishing Poles to enjoy the fun. Plenty of room for parking includes an attached garage/workshop, attached carport area & driveways. Check out the multi million $$ homes just a few doors down and more being built on Rainbow Lake. You are still within minutes to all the conveniences.Bring your boat, jet skis, kayaks, and fishing poles to enjoy Rainbow Lake (approx. 50 acres) which connects to Little Moon Lake (approx. 12 acres). Gorgeous sunsets, cool breezes and this quiet, rural setting makes everyday feel like a vacation! VALUE IS IN THE LAND

Elementary School Middle School High School
Hammond Elementary School Sergeant Smith Middle-HB Steinbrenner High School
Price History
3/4/2021 Listed $485,000

General Features

Appliances Dishwasher, Disposal, Electric Water Heater, Microwave
Attached Garage Yes
Carport Spaces 2
Carport Y/N Yes
Construction Materials Block, Wood Frame
Cooling Central Air
Elementary School Hammond Elementary School
Exterior Features Irrigation System
Facing Direction North
Flooring Carpet, Wood
Garage Spaces 2
Garage Y/N Yes
Heating Central, Electric
High School Steinbrenner High School
Interior Features Master Bedroom Downstairs, Solid Wood Cabinets
Levels One
MLS Area 33556 - Odessa
Middle/Junior High School Sergeant Smith Middle-HB
Minimum Lease Period No Minimum
Property SubType Single Family Residence
Property Type Residential
Roof Shingle
Sewer Septic Tank
Special Listing Conditions None
Status Pending
Subdivision Name RAINBOW TERRACE
Terms Cash, Conventional
Township 27
Utilities Electricity Available
View Water
Water Access Type Lake
Water Access Y/N Yes
Water Body Name RAINBOW LAKE
Waterfront Features Lake
Year Built 1959
Zoning ASC-1
Zoning Compatible Yn Yes

Interior Features

Furnished Y/N Unfurnished
Living Area 2123.00
Total Bedrooms 3

Exterior Features

Building Area Total 3071.00
Foundation Details Slab
Lot Dimensions 105x183
Lot Features Street Private
Lot Size Acres 0.44
Lot Size Square Feet 19215
Water Extras Dock - Wood
Water Extras Yn Yes
Water Frontage Feet Lake 105103
Water View Lake
Water View Y/N Yes
Waterfront Feet Total 105103
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33556

AVG $540K
AVG $5,828
AVG 130
Year Built
AVG 2012

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