1 Rainbow Way, Malta, NY 12020
Local realty services provided by:HUNT Real Estate ERA
Listed by: anthony m derusso, vera cohen
Office: vera cohen realty llc.
MLS#:202623027
Source:Global MLS
Price summary
- Price:$998,000
- Price per sq. ft.:$289.28
About this home
Acreage, privacy, tranquility and sophistication galore! Constructed, remodeled, and lovingly cared for by the same family, this one-owner estate offers 5 bedrooms, 6 baths, and exceptional versatility throughout. The heart of the home is a stunning chef's kitchen featuring top-of-the-line Sub-Zero and Thermador appliances, a massive center island with bar seating, custom decorative ceiling, statement lighting, brick accents, and double wall ovens to create an impressive yet functional space, filled with natural light from oversized windows and doors. The spacious first floor also includes a grand family room with vaulted ceilings and a full masonry wood-burning fireplace, an elegant sitting room with hardwood floors and gas stove, formal dining room, executive office, parlor/piano room, junior primary suite, and an additional bedroom. Upstairs, the luxurious primary suite offers a private balcony overlooking the 20x40 kidney-shaped inground pool and serene backyard; your own nature-filled retreat. The finished lower level features a gym, craft room, game room, powder room, ample storage, and separate entrance (in-law headquarters potential.) The outstanding detached outbuilding, currently used as a workshop, offering 1,334 sq ft on the first floor (12'4'' ceilings) plus 450 sq ft of second-floor storage (7' ceilings). Equipped with three 10' x 9' overhead doors, radiant heated floors, separate gas, hot water boiler, and half bath, with most of the metal storage shelving possible to be included. Additional highlights include an attached 2-car garage, spacious mudroom. The pool is scheduled to open by the end of May. Ideally located near Saratoga Lake public marinas, waterfront dining, just 6 miles to downtown Saratoga Springs, and minutes to Saratoga Race Course. Shed, chicken coop, marble bench and 1 cabinet in the garage are excluded. The remaining items could be negotiable....
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Home facts
- Year built:1995
- Listing ID #:202623027
- Added:15 day(s) ago
- Updated:August 18, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Rooms Total:20
- Flooring:Carpet, Hardwood, Linoleum, Tile, Wood
- Dining Description:Eat-in Kitchen, Kitchen Island
- Bathrooms Description:Ceramic Tile Bath
- Kitchen Description:Dishwasher, Double Oven
- Basement Description:Finished, Full, Walk-Out Access
- Living area:3,450 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas, Radiant, Radiant Floor
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1995
- Building area:3,450 sq. ft.
- Lot area:2.1 Acres
- Lot Features:Cleared, Corner Lot, Landscaped, Private, Road Frontage
- Architectural Style:Colonial, Contemporary, Craftsman, Custom
- Construction Materials:Cedar, Stone
- Exterior Features:Covered, Lighting, Patio, Porch, Pressure Treated Deck
- Foundation Description:Concrete Perimeter
Schools
- High school:Ballston Spa
- Elementary school:Malta Avenue
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$998,000
- Price per sq. ft.:$289.28
- Tax amount:$11,029
Features and amenities
- Laundry features:Electric Dryer Hookup, Laundry Room, Washer Hookup, Washer/Dryer
- Amenities:Built-in Features, Cathedral Ceiling(s), Central Vacuum, Chair Rail, Crown Molding, Eat-in Kitchen, High Speed Internet, Kitchen Island, Paddle Fan, Solid Surface Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wood Frames
- Pool features:In Ground, Outdoor Pool, Salt Water
Parking
- Total parking spaces:15
- Parking description:Attached, Detached, Garage Door Opener, Heated Garage, Off Street, Paved
- Garage:Yes
- Garage spaces:7
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