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.
Active
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
$959,300 Zestimate®
$289/sqft
$-- HOA
What's special
Executive officeCustom decorative ceilingSpacious mudroomJunior primary suiteLuxurious primary suiteBrick accentsFull masonry wood-burning fireplace
- 80 days
- 1,393
- 100
Zillow last checked:
Listing updated:
Listed by:
Vera Cohen Realty, LLC 518-477-7355,
Vera Cohen 518-859-8117
Source: HVCRMLS,MLS#: 20264042
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
$959,300
$911,000 - $1.01M
$4,501/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Pending sale | $998,000$289/sqft |
Source:  Global MLS #202623027 Report a problem | ||
| 7/23/2026 | Price change | $998,000-7.2%$289/sqft |
Source: Global MLS #202616134 Report a problem | ||
| 7/12/2026 | Price change | $1,075,000-2.3%$312/sqft |
Source: Global MLS #202616134 Report a problem | ||
| 5/19/2026 | Price change | $1,100,000-8.3%$319/sqft |
Source: Global MLS #202616134 Report a problem | ||
| 4/30/2026 | Listed for sale | $1,199,999$348/sqft |
Source: Global MLS #202616134 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Climate risks
Neighborhood: 12020
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