Under contract-accepting backup offers. Welcome to 5328 Rainbow Drive in Temple Terrace—a charming 3-bedroom, 2-bath home that blends timeless character with thoughtful updates. Situated on a spacious corner lot, this home offers a bright and functional layout featuring a functioning kitchen with solid wood cabinetry, ample counter space, and an inviting eat-in dining area. The expansive bonus/family room showcases a cozy wood-burning fireplace creating the perfect space for entertaining or relaxing. Property is currently updated with new paint inside out, new appliances, updated bathroom and all.
The bedrooms feature classic terrazzo flooring, while the updated bathrooms add modern comfort without sacrificing charm. Outside, enjoy multiple patio areas, plenty of yard space, and room for gatherings, gardening, or pets. A large utility room provides additional storage and convenience, and the attached garage offers even more functionality.
Conveniently located just minutes from shopping, dining, USF, Busch Gardens, major highways, and downtown Tampa, this home combines comfort, character, and an unbeatable location. Whether you’re a first-time homebuyer, downsizing, or looking for an investment opportunity, this Temple Terrace gem is one you won’t want to miss!
The bedrooms feature classic terrazzo flooring, while the updated bathrooms add modern comfort without sacrificing charm. Outside, enjoy multiple patio areas, plenty of yard space, and room for gatherings, gardening, or pets. A large utility room provides additional storage and convenience, and the attached garage offers even more functionality.
Conveniently located just minutes from shopping, dining, USF, Busch Gardens, major highways, and downtown Tampa, this home combines comfort, character, and an unbeatable location. Whether you’re a first-time homebuyer, downsizing, or looking for an investment opportunity, this Temple Terrace gem is one you won’t want to miss!
Property Details
Price:
$299,000
MLS #:
TB8536280
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
GRANDVIEW ACRES UNIT 02
Neighborhood:
33617tampatempleterrace
Listed Date:
Aug 10, 2026
Finished Sq Ft:
1,347
Total Sq Ft:
1,551
Lot Size:
6,750 sqft / 0.16 acres (approx)
Year Built:
1956
See this Listing
Schools
Elementary School:
Lewis-HB
Middle School:
Greco-HB
High School:
King-HB
Interior
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Ceramic Tile, Epoxy, Terrazzo
Heating
Central
Interior Features
Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets
Laundry Features
Other
Levels
One
Exterior
Architectural Style
Ranch
Attached Garage YN
1
Construction Materials
Block
Covered Spaces
1
Direction Faces
East
Exterior Features
Rain Gutters
Garage Spaces
1
Lot Features
Corner Lot
Patio And Porch Features
Covered, Patio, Porch
Roof
Other
Financial
Tax Year
2025
Taxes
$1,030
Map
Community
- Address5328 RAINBOW DRIVE TEMPLE TERRACE FL
- SubdivisionGRANDVIEW ACRES UNIT 02
- CityTEMPLE TERRACE
- CountyHillsborough
- Zip Code33617
Subdivisions in TEMPLE TERRACE
Market Summary
Current real estate data for Single Family in TEMPLE TERRACE as of Aug 29, 2026
62
Single Family Listed
76
Avg DOM
238
Avg $ / SqFt
$447,156
Avg List Price
Property Summary
- Located in the GRANDVIEW ACRES UNIT 02 subdivision, 5328 RAINBOW DRIVE TEMPLE TERRACE FL is a Single Family for sale in TEMPLE TERRACE, FL, 33617. It is listed for $299,000 and features 3 beds, 2 baths, and has approximately 1,347 square feet of living space, and was originally constructed in 1956. The current price per square foot is $222. The average price per square foot for Single Family listings in TEMPLE TERRACE is $238. The average listing price for Single Family in TEMPLE TERRACE is $447,156. To schedule a showing of MLS#tb8536280 at 5328 RAINBOW DRIVE in TEMPLE TERRACE, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of LPT REALTY, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 5328 RAINBOW DRIVE
TEMPLE TERRACE, FL