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    • Price cut: $77K (7/23)
    $998,000

    1 Rainbow Way, Malta, NY 12020

    5beds
    3,450sqft
    Single Family Residence
    Built in 1995
    2.1 Acres Lot
    $954,300 Zestimate®
    $289/sqft
    $-- HOA

    What's special

    Executive officeCustom decorative ceilingSpacious mudroomJunior primary suiteLuxurious primary suiteBrick accentsFull masonry wood-burning fireplace
    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.
    34 days
    |
    2,516
    |
    101
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Vera Cohen Realty, LLC 518-477-7355,

    Vera Cohen 518-859-8117

    Source: HVCRMLS,MLS#: 20264042MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 3
      • 1/2 bathrooms: 3
      Primary bedroom
      • Level: First
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: First
      Bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Primary bathroom
      • Level: Second
      Bathroom
      • Level: First
      Bathroom
      • Level: Second
      Other
      • Level: First
      Dining room
      • Level: First
      Family room
      • Level: First
      Game room
      • Level: Main
      Gym
      • Level: Basement
      Kitchen
      • Level: First
      Laundry
      • Level: Basement
      Living room
      • Level: First
      Office
      • Level: First
      Other
      • Description: Parlor/Piano Room
      • Level: First
      Other
      • Description: Rec Room
      • Level: Basement
      Other
      • Description: Craft Room w Shelving
      • Level: Basement
      Heating
      • Forced Air, Natural Gas, Radiant, Radiant Floor
      Cooling
      • Central Air
      Appliances
      • Included: Washer/Dryer, Double Oven, Dishwasher, Cooktop
      • Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
      Features
      • Built-in Features, Cathedral Ceiling(s), Central Vacuum, Crown Molding, High Speed Internet, Open Floorplan, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Carpet, Ceramic Tile, Hardwood, Linoleum, Tile, Wood
      • Windows: Wood Frames
      • Basement: Finished,Full,Walk-Out Access
      Interior area
      • Total structure area: 3,450
      • Total interior livable area: 3,450 sqft
      • Finished area above ground: 3,450
      • Finished area below ground: 2,250

      Property

      Parking
      • Total spaces: 7
      • Parking features: Paved, Off Street, Heated Garage, Garage Door Opener
      • Attached garage spaces: 7
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Patio & porch: Covered, Patio, Porch
      • Exterior features: Lighting
      • Pool features: In Ground, Outdoor Pool, Salt Water
      • Fencing: Fenced,Invisible
      Lot
      • Size: 2.1 Acres
      • Features: Cleared, Corner Lot, Landscaped, Private
      Details
      • Additional structures: Garage(s), Gazebo, Shed(s)
      • Parcel number: 204.417.14
      • Zoning: 1 Family Red

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Cedar, Stone
      • Foundation: Concrete Perimeter
      • Roof: Asphalt,Shingle
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1995

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cable Connected
      Green energy
      • Energy efficient items: Water Heater

      Community & HOA

      Community
      • Security: Building Security, Closed Circuit Camera(s)
      Location
      • Region: Malta

      Financial & listing details

      • Price per square foot: $289/sqft
      • Tax assessed value: $714,000
      • Annual tax amount: $11,029
      • Date on market: 7/17/2026

        Estimated market value

        $954,300

        $907,000 - $1.00M

        $5,096/mo

        Price history

        DateEventPrice
        7/23/2026Price change$998,000-7.2%$289/sqft
        Source: Global MLS #202616134 Report a problem
        7/12/2026Price change$1,075,000-2.3%$312/sqft
        Source: Global MLS #202616134 Report a problem
        5/19/2026Price change$1,100,000-8.3%$319/sqft
        Source: Global MLS #202616134 Report a problem
        4/30/2026Listed for sale$1,199,999$348/sqft
        Source: Global MLS #202616134 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $714,000 +5.9%
        2024-- $674,000 +7%
        2023-- $630,000 +20%
        2022-- $525,000 +8.7%
        2021-- $483,000
        2020-- $483,000 +5%
        2019-- $460,000
        2018-- $460,000
        2017$9,143 +499.2%$460,000
        2016$1,526 -0.7%$460,000
        2015$1,536 +28.8%$460,000
        2014$1,193 $460,000
        2013-- $460,000
        2012-- $460,000
        2011-- $460,000
        2010-- $460,000
        2009-- $460,000 +8.2%
        2008-- $425,000 +0%
        2007-- $424,900
        2006-- $424,900
        2005-- $424,900 +9%
        2004-- $389,800 +20%
        2003-- $324,800 +2.1%
        2002-- $318,000 +6%
        2001-- $300,000 +9.1%
        2000-- $275,000
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 12020

        Getting around

        1 / 100
        Car-Dependent
        18 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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