1 Rainbow Way, Malta, NY 12020 (MLS # 20264042)

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.

Last Updated	7/23/2026	Year Built	1995
Community	Malta	Garage Spaces	7.0
County	Saratoga

Price History

Prior to Jul 23, '26	$1,075,000
Jul 23, '26 - Today	$998,000

Additional Details

AIR	CENTRAL AIR
AIR CONDITIONING	Yes
APPLIANCES	Cooktop, DISHWASHER, Double Oven, Washer/Dryer
AREA	Malta
BASEMENT	FINISHED, FULL, Walk-Out Access, Yes
CONSTRUCTION	CEDAR, STONE
EXTERIOR	Lighting
GARAGE	Attached Garage, Yes
HEAT	FORCED AIR, Natural Gas, RADIANT, Radiant Floor
INTERIOR	Built-in Features, Cathedral Ceiling(s), Central Vacuum, Crown Molding, High Speed Internet, Master Downstairs, Open Floorplan, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
LOT	2.1 acre(s)
LOT DESCRIPTION	Cleared, CORNER LOT, LANDSCAPED, PRIVATE
LOT DIMENSIONS	2.1
PARKING	Garage Door Opener, Heated Garage, Off Street, Paved, Attached, Garage
POOL DESCRIPTION	In Ground, Outdoor Pool, Salt Water
SEWER	Septic Tank
STORIES	2
STYLE	Contemporary
TAXES	11029
UTILITIES	Cable Available, Cable Connected
WATER	Private, Well

Location

 

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