1 Rainbow Way
Malta, NY, 12020 $ 998,000
Bedrooms5 Baths3.2 Sq 3,450 Monthly Estimate*
$ 6,301
for $998,000 with 5 bedrooms and 3 full baths, 2 half baths. This 3,450 square foot home was built in 1995 on a lot size of 2.1.
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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Single Family PendingColonial,Contemporary,Craftsman,Custom
FeaturesInteriorInterior Amenities 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 Mold
Basement Finished Full Walk-Out Access
Flooring Tile Wood Carpet Ceramic Tile Hardwood Linoleum
Total Fireplaces 1
Fireplace Features Gas Living Room Wood Burning
Basement (Y/N) N
Air Conditioning Y/N true
Heating Y/N true
Window Features Wood Frames
Fireplace Y/N true
Above Grade Finished Area 3450
Half Baths 2
Laundry Features Electric Dryer Hookup Laundry Room Washer Hookup
Total Bedrooms 5
Below Grade Finished Area 2250
Below Grade Finished Area Source See Remarks
Above Grade Finished Area Source CRS
Total Baths 5
Kitchen Island True
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GeneralSewer Septic Tank
Heating Forced Air Natural Gas Radiant Radiant Floor
Cooling Central Air
Utilities Cable Connected
Roof Shingle Asphalt
Appliances Dishwasher Double Oven Washer/Dryer
Zoning Single Residence
Garage Spaces 7
Patio/Porch Features Pressure Treated Deck Covered Patio Porch
Architectural Style Colonial Contemporary Craftsman Custom
Pool Features In Ground Outdoor Pool Salt Water
Security Features Building Security Closed Circuit Camera(s)
Construction Materials Cedar Stone
Year Built 1995
Electric 200+ Amp Service
View Trees/Woods
Property Subtype Single Family Residence
County Saratoga
New Construction false
Property Type Residential
HOA false
Attached Garage true
Garage Y/N true
Other Structures Gazebo Shed(s) Garage(s)
Total Rooms 20
Full Baths 3
Status Pending
Buyer Financing Cash
Directions I87 N to exit 13S stay on Rt 9 South to left on Malta ave ext to left Rowley rd to left on Rainbow way
High School Ballston Spa
City Malta
High School District Ballston Spa
Lot Size Units Acres
Lot Size Square Feet 91476
Carport Y/N N
Elementary School Malta Avenue
Land Lease Y/N N
Tax Annual Amount 11029.6
Home Warranty Y/N N
Property Condition Updated/Remodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://app.doaudiotours.com/unbranded?id=27381&lang=en-US
Standard Status Pending
Tax Assessed Value 0
Tax Lot 17.014
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ExteriorExterior Amenities Lighting
Fencing Fenced
Parking Features Off Street Paved Attached Detached Garage Door Opener Heated Garage
Lot Features Private Road Frontage Cleared Corner Lot Landscaped
Total Parking 15
Lot Size Area 2.1
Foundation Details Concrete Perimeter
Spa N
Lot Size Acres 2.1
Waterfront Y/N false
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByVera Cohen Realty LlcBroker
vcohen@veracohenrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,301
- Monthly Property Taxes
- $919
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Malta, NY
Average List Price $965,700
Percent of Sale Price 3%
About Malta, NY 16,986 Population
31% Since 2002
$ 85,349 Median Income
43.46 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
3726629 Elementary School
853254 Middle School
Ballston Spa High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/31/2026 | $998,000 | | Listed Price |
1 Rainbow Way, Malta, NY, 12020 is a Single Family Home for sale at $998,000 with 3,450 sqft and a lot size of 2.1. 1 Rainbow Way has 5 bedrooms, 3.2 baths, and was built in 1995. The property's zip code is 12020 which is in Malta, NY