"I was only talking about it last night, I've never had one before in my life,'' Rice said after his round.
"I kept talking about it earlier this week, having my first hole in one and winning a car. I've had my first hole in one, but obviously not on the car hole.
"It is a brute of a hole. We had it downwind slightly today but nonetheless it is still a very tough hole.''
Rice signed for a three-under 69 today, which leaves him at one-over for the tournament but he had to play from the wrong side of the draw during the first two days when he got the worst of the conditions.
"To battle through that and be playing at the weekend is great,'' the OneAsia tour player said.
"It'd be good to get out reasonably early tomorrow and get a score on the board. That was the plan today.''
Rice is seven shots back from leader Mark Brown who has torn up Clearwater this afternoon and is seven-under par through 16 holes to be six under for the week.