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179 S Rainbow Shores Rd, Pulaski, NY, 13142

--beds
0baths
0sqft
$4,500,000
--price/sqft
$32,426/moest. monthly cost
$1,297,040/yrincome needed

About This Home

This enchanting property offers a unique opportunity to own a piece of 1920s charm combined with modern luxury. With its rich history as a five-star restaurant and former country club, this establishment has been a beloved destination for decades. Welcome to Rainbow Shores lakefront, and cabins a historic gem nestled in Pulaski, New York. Situated on 3.83 acres of pristine land, Rainbow Shores boasts an impressive 500 feet of meticulously manicured lakefront along the stunning shores of Lake Ontario. The panoramic views and tranquil ambiance make it a perfect location for wedding venues, creating unforgettable memories against the backdrop of the glistening waters. This extraordinary property features 15 beautifully appointed cabins, many of which have been tastefully updated, offering a comfortable and inviting retreat for guests. The cabins provide a seamless blend of vintage aesthetics and contemporary amenities, ensuring a delightful stay for all who visit. One of the most remarkable aspects of Rainbow Shores is its proximity to private state land, guaranteeing your privacy and preserving the unspoiled beauty of the area. The assurance that no further development will take place adds to the exclusivity and value of this exceptional property. With parking capacity for 50 to 100 cars, Rainbow Shores can easily accommodate large events, making it an ideal choice for hosting weddings, corporate functions, or other special occasions. The expansive grounds provide ample space for outdoor activities and allow guests to fully immerse themselves in the serene natural surroundings. Whether you are an investor seeking a prestigious hospitality establishment or an entrepreneur with a vision for an unforgettable dining experience, Rainbow Shores Restaurant and Cabins presents an unparalleled opportunity. Take advantage of this rare gem, combining the nostalgia of the past with the allure of modern luxury, and create your own legacy in this extraordinary lakeside retreat. Give us a call today for your private tour.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
Pulaski Elementary SchoolGrades PK-53.8 mi
7/10
Pulaski High SchoolGrades 6-125.0 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Features

  • Number of fireplaces: 1
  • Fireplace features: Wood Burning Stove
  • Fireplace: Yes
  • Finished area above ground: 0

Heating

  • Heating features: Oil,Propane,Baseboard,Hot Water

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 35508903701700010050000000
  • Lease amount: 0

Features

  • Patio & porch: Patio,Deck
  • Has view: Yes
  • View description: Lake,Scenic,Water
  • Has water view: Yes
  • Water view: Lake,Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake
  • Waterbody name: Lake Ontario
  • Frontage length: 0

Lot

  • Lot size: 3.83 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Inland Flooding
Ice Storm
Tsunami

FEMA Declared Disasters in Oswego County and New York

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $22,754$273,048
Home Insurance *$2,114$25,368
Property Taxes $7,312$87,744
Electricity $246$2,954
Total$32,426$389,112
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,111,748/yr
40% on housing$972,780/yr
45% on housing$864,693/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.8%
3.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 13142$137
Oswego County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 13142$140
Oswego County$135

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2024-07-17Price change$4,500,000
2023-12-04Listed for sale$5,000,000
2023-10-27Contingent$5,000,000
2023-08-15Listed for sale$5,000,000

For Sale by Agent

AgentDawn Payne
BrokeragePAYNE TEAM LLC

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