1 Rainbow Way

Off Market

1 Rainbow Way

Malta NY 12020

3450 sq. ft.

91476 sq. ft.

Single-Family

Last sold for $961,500

Vera Cohen, last sold this property on 22 October 2026 after 174 days on market.

Overview

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.

Features

5 bedrooms

5 bathrooms

15 carspaces

7 garage spaces

3450 sq. ft. floor area

91476 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Malta over the last 12 months, the estimated median property value of 1 Rainbow Way is $692.5k.

Median value

$692.5k

Estimated value range

$255k - $1.25m

Median days on market

Estimated value trend

27%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Malta. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Rainbow Way

2026

Sold

$961,500

22 Oct 2026 by Vera Cohen, of Vera Cohen Realty, LLC

Happy sellers in Malta

We have insufficient information to provide an overview of customer satisfaction for Malta. Viewing the agent profiles, reviews and sales for Malta can provide insights for this location.

Local market activity for 5 bedroom single-family properties in Malta

In the last 12 months, 13 five-bedroom single-family properties similar to 1 Rainbow Way, have been sold.

This represents a 18% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Malta for a market analysis.

Julie Snyder

at Howard Hanna Queensbury

(46 reviews)

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Victoria Romeo

at Romeo Team Realty

(172 reviews)

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Laura Creazzo

at Roohan Realty

(69 reviews)

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Kellie Viddivo

at Keller Williams Capital District

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Malta

Julie Snyder

Sellers who recommend Julie Snyder have praised them for being local expert, clear communication, responsive, supportive, patient, well-prepared, and trustworthy

5 (46 reviews)
1 Review in Malta
2 Sales in Malta

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Victoria Romeo

Sellers who recommend Victoria Romeo have praised them for being local expert, responsive, clear communication, patient, supportive, dedicated, and great negotiation

5 (172 reviews)
1 Review in Malta
1 Sale in Malta

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Laura Creazzo

Sellers who recommend Laura Creazzo have praised them for being clear communication, local expert, responsive, supportive, resourceful, dedicated, and attentive