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Property Description

Open House Sunday 5/3/26 11a.m-2p.m! 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.

1 Rainbow Way | MLS# 202616134

This single family home located at 1 Rainbow Way, Malta, NY 12020 is currently listed for sale with an asking price of $1,199,999. This property was built in 1995 and has 5 bedrooms and 3 full and 2 partial baths with 3450 sq. ft. Rainbow Way is located within the Ballston Spa school district. Search Malta real estate on www.coldwellbankerprime.com today.

Upcoming Open Houses

Open House Sunday May 3rd, 11:00am - 2:00pm

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Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Full, Walk-Out Access
Cooling: Central Air
Fenced: Yes
Fireplaces: 1
Garage: 7 car attached
Heating: Forced Air, Natural Gas, Radiant, Radiant Floor
Home Style: Colonial, Contemporary, Craftsman, Custom
Lot Size: 2.10 Acres
Roof Type: Shingle, Asphalt
Taxes: $11,029
Year Built: 1995

Feature Descriptions

Appliances: Cooktop, Dishwasher, Double Oven, Washer/Dryer
Exterior: Lighting
Exterior: Cedar, Stone
Fencing: Fenced
Fireplace: Gas, Living Room, Wood Burning
Flooring: Tile, Wood, Carpet, Ceramic Tile, Hardwood, Linoleum
Foundation: Concrete Perimeter
Interior: High Speed Internet, Paddle Fan, Solid Surface Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Built-in Features, Cathedral Ceiling(s), Central Vacuum, Ceramic Tile Bath, Chair Rail, Crown Molding, Eat-in Kitchen, Kitchen Island
Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
Lot: Private, Road Frontage, Cleared, Corner Lot, Landscaped
Parcel #: 414089 204.-4-17.14
Parking: Off Street, Paved, Attached, Detached, Garage Door Opener, Heated Garage
Parking Total: 15
Parking Total: 15
Patio/Porch: Pressure Treated Deck, Covered, Patio, Porch
Pool: In Ground, Outdoor Pool, Salt Water
Rooms Total: 20
Security: Building Security, Closed Circuit Camera(s)
Sewer: Septic Tank
Special View Info: Trees/Woods
SQFT Above Grade Finished: 3450
SQFT Below Grade Finished: 2250
Structures: Gazebo, Shed(s), Garage(s)
Swimming Pool: Yes
Utilities: Cable Connected
Windows: Wood Frames

Room Sizes

Office: Level - First
Dining Room: Level - First
Living Room: Level - First
Family Room: Level - First
Kitchen: Level - First
Other: Level - Basement
Bedroom: Level - Second
Primary Bedroom: Level - Second
Full Bathroom: Level - Second
Half Bathroom: Level - First
Primary Bathroom: Level - Second
Laundry: Level - Basement
Game Room: Level - Basement

Local Schools

High School: Ballston Spa
Elementary School: Malta Avenue
School District: Ballston Spa

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Estimated Payment

$ 3,939.76 per month $2,670.68 Principal & Interest $919.08 Property Tax $350.00 Homeowner's Insurance

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Vera Cohen Realty, LLC
Agency Phone: 1 518-477-7355

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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