1 Rainbow Way, Ballston Spa, NY 12020 (MLS# 202616134)

Original List Price: 1199999

List Price/SqFt: 318.84

List Price/Acres: 523809.52

Status: Active

Current Price: $1,100,000

List Price: $1,100,000

Listing Contract Date: 2026-04-30

Property Sub Type: Single Family Residence

City/Town (Mail): Malta

Street Number: 1

Street Name: Rainbow

Street Suffix: Way

County: Saratoga

State/Province: NY

Postal Code: 12020

Geo Lat: 43.017273

Geo Lon: -73.779801

Rooms Total: 16

Bathrooms Half: 2

Garage Spaces: 7

Above Grade Finished Area: 3450

Above Grade Finished Area Source: CRS

Parking Y/N: Yes

Below Grade Finished Area: 2250

Below Grade Finished Area Source: See Remarks

Living Area: 3450

Total Finished Area: 5700

Fireplaces Total: 1

Zoning: Single Residence

Deed Restrictions: No

Lot Size Acres: 2.1

Waterfront Y/N: No

Enhanced Accessible Y/N: No

Survey Y/N: Yes

Green Features Y/N: No

Bedrooms Total: 5

Bathrooms Full: 3

Bathrooms Total: 5

Year Built: 1995

New Construction Y/N: No

Parcel Number: 414089 204.-4-17.14

Tax Annual Amount: 11029.62

Tax Section: 204.00

Total Taxes Description: Estimated

Tax Block: 4

Tax Lot: 17.014

School District: Ballston Spa

Elementary School: Malta Avenue

High School: Ballston Spa

Association Y/N: No

Directions: I87 N to exit 13S , stay on Rt 9 South to left on Malta ave ext to left Rowley rd to left on Rainbow way

Public Remarks: 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.

Septic Tank: 1

Cooktop: 1

Dishwasher: 1

Double Oven: 1

Washer/Dryer: 1

Colonial: 1

Contemporary: 1

Craftsman: 1

Custom: 1

200+ Amp Service: 1

Fenced: 1

Central Air: 1

Finished: 1

Full: 1

Walk-Out Access: 1

Full Bath 1: 1st

Full Bath 2: 2nd

Full Bath 3: 2nd

Half Bath 1: 1st

Half Bath 2: Basement

Formal Dining Room: 1

Cleared: 1

Corner Lot: 1

Landscaped: 1

Private: 1

Road Frontage: 1

Cedar: 1

Stone: 1

Garage(s): 1

Gazebo: 1

Shed(s): 1

Photo Owner: Broker

Lighting: 1

Gas: 1

Gas Stove: 1

Living Room: 1

Wood Burning: 1

Carpet: 1

Ceramic Tile: 1

Hardwood: 1

Linoleum: 1

Tile: 1

Wood: 1

Showing Service: 1

Standard: 1

Cable Connected: 1

Asphalt: 1

Shingle: 1

Trees/Woods: 1

Well: 1

Concrete Perimeter: 1

Drilled: 1

Forced Air: 1

Natural Gas: 1

Radiant: 1

Radiant Floor: 1

Built-in Features: 1

Cathedral Ceiling(s): 1

Central Vacuum: 1

Ceramic Tile Bath: 1

Chair Rail: 1

Crown Molding: 1

High Speed Internet: 1

Jet Tub: 1

Open Floorplan: 1

Paddle Fan: 1

Solid Surface Counters: 1

Stone Countertops: 1

Tray Ceiling(s): 1

Vaulted Ceiling(s): 1

Walk-In Closet(s): 1

Built-in Features: 1

Eat-in Kitchen: 1

Kitchen Island: 1

Prep Sink: 1

Electric Dryer Hookup: 1

Laundry Room: 1

Washer Hookup: 1

Parking Total: 15

Attached: 1

Detached: 1

Garage: 1

Garage Door Opener: 1

Heated Garage: 1

Off Street: 1

Paved: 1

Covered: 1

Patio: 1

Porch: 1

Pressure Treated Deck: 1

In Ground: 1

Outdoor Pool: 1

Salt Water: 1

Two: 1

Building Security: 1

Closed Circuit Camera(s): 1

Updated/Remodeled: 1

Primary Bath: 1

Primary Bath Level: Second

Full Bathroom: 1

Full Bathroom Level: First

Half Bathroom: 1

Half Bathroom Level: First

Bedroom: 1

Bedroom Level: First

Primary Bedroom: 1

Primary Bedroom Level: First

Other Room: 1

Other Room Level: First

Dining Room: 1

Dining Room Level: First

Family Room: 1

Family Room Level: First

Kitchen: 1

Kitchen Level: First

Living Room: 1

Living Room Level: First

Office: 1

Office Level: First

Game Room: 1

Laundry Room: 1

Wood Frames: 1

Status Change Date: 2026-04-30