1 Rainbow Way, Ballston

$998,000

5 Beds
4½ Baths
3,450 Sqft
2.1 Acres
7 Garages

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.

Essential Information
MLS® #20264042
Price$998,000
Bedrooms5
Bathrooms4.50
Full Baths3
Half Baths3
Square Footage3,450
Acres2.10
Year Built1995
TypeResidential
Sub-TypeSingle Family Residence
StyleContemporary
StatusActive
Community Information
Address1 Rainbow Way
AreaMalta
CityBallston
CountySaratoga
StateNY
Zip Code12020
Amenities
UtilitiesCable Connected
# of Garages7
Has PoolYes
Parking

Paved, Off Street, Heated Garage, Garage Door Opener

Pool

In Ground, Outdoor Pool, Salt Water

Interior
CoolingCentral Air
StoriesTwo
Interior 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)

Appliances

Washer/Dryer, Double Oven, Dishwasher, Cooktop

Heating

Forced Air, Natural Gas, Radiant, Radiant Floor

Exterior
ExteriorCedar, Stone
Exterior FeaturesLighting
RoofAsphalt, Shingle
ConstructionCedar, Stone
FoundationConcrete Perimeter
Lot Description

Cleared, Corner Lot, Landscaped, Private

District

Ballston Spa Central School District

Additional Information
Zoning1 Family Red
Listing Details
AgentVera Cohen
Listing Courtesy of Vera Cohen Realty, LLC
Property History
Price Reduced from $1,075,000 to $998,000
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 1 Rainbow Way, Ballston, NY

Photo of Listing #20263821

61 Yachtsmans Way, Malta

$1,100,000 - 3 Beds, 3 Baths, 4,047 Sf

MLS® # 20263821

Ulster County Board of Realtors Logo

Ulster County Board of Realtors Logo The data relating to real estate on this website comes in part from the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Flemming Realty are marked with IDX logo and the detailed information about them includes the name of the listing broker.

Copyright © 2026 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.