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: $100K (5/19)
$1,100,000
1 Rainbow Way, Malta, NY 12020
5beds
3,450sqft
Single Family Residence, Residential
Built in 1995
2.1 Acres Lot
$1,062,500 Zestimate®
$319/sqft
$-- HOA
What's special
Executive officeCustom decorative ceilingSpacious mudroomJunior primary suiteLuxurious primary suiteBrick accentsFull masonry wood-burning fireplace
- 64 days |
- 1,517 |
- 53 |
Zillow last checked:
Listing updated:
Listed by:
Vera Cohen Realty, LLC 518-477-7355,
Vera V Cohen 518-859-8117
Source: Global MLS,MLS#: 202616134
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Primary bedroom
- Description: Junior Primary Suite
- Level: First
Primary bedroom
- Level: Second
Bedroom
- Level: First
Bedroom
- Level: Second
Bedroom
- Level: Second
Primary bathroom
- Level: Second
Full bathroom
- Level: First
Half bathroom
- Level: First
Full bathroom
- Level: Second
Dining room
- Level: First
Family room
- Level: First
Game room
- Level: Basement
Kitchen
- Level: First
Laundry
- Level: Basement
Living room
- Level: First
Office
- Level: First
Other
- Description: Parlor/Piano Room
- Level: First
Other
- Description: Gym
- Level: Basement
Other
- Description: Rec room
- Level: Basement
Other
- Description: Craft Room with shelving
- Level: Basement
Heating
- Forced Air, Natural Gas, Radiant, Radiant Floor
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Double Oven, Washer/Dryer
- Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
Features
- High Speed Internet, Ceiling Fan(s), 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
- Flooring: Tile, Wood, Carpet, Ceramic Tile, Hardwood, Linoleum
- Windows: Wood Frames
- Basement: Finished,Full,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room, Wood Burning
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
Video & virtual tour
Property
Parking
- Total spaces: 15
- Parking features: Off Street, Paved, Attached, Detached, Garage Door Opener, Heated Garage
- Attached garage spaces: 7
Features
- Patio & porch: Pressure Treated Deck, Covered, Patio, Porch
- Exterior features: Lighting
- Pool features: In Ground, Outdoor Pool, Salt Water
- Has spa: Yes
- Spa features: Bath
- Fencing: Fenced
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 2.1 Acres
- Features: Private, Road Frontage, Cleared, Corner Lot, Landscaped
Details
- Additional structures: Gazebo, Shed(s), Garage(s)
- Parcel number: 414089 204.417.14
- Zoning description: Single Residence
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial,Contemporary,Craftsman,Custom
- Property subtype: Single Family Residence, Residential
Materials
- Cedar, Stone
- Foundation: Concrete Perimeter
- Roof: Shingle,Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1995
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Cable Connected
Community & HOA
Community
- Security: Building Security, Closed Circuit Camera(s)
HOA
- Has HOA: No
Location
- Region: Malta
Financial & listing details
- Price per square foot: $319/sqft
- Tax assessed value: $714,000
- Annual tax amount: $11,029
- Date on market: 4/30/2026
Estimated market value
$1,062,500
$1.01M - $1.12M
$4,684/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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+3900%$348/sqft |
Source: Global MLS #202616134 Report a problem | ||
| 1/4/1995 | Sold | $30,000$9/sqft |
Source: Public Record 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
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 12020
Nearby schools
GreatSchools rating
- 6/10Malta Avenue Elementary SchoolGrades: K-5Distance: 3.4 mi
- 8/10Ballston Spa Middle SchoolGrades: 6-8Distance: 4.3 mi
- 6/10Ballston Spa Senior High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Malta Avenue
- High: Ballston Spa
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Saratoga County
- Ballston Spa
- 12020
- 1 Rainbow Way
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