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179 S Rainbow Shores Road, Other, NY, 13142 | $4,500,000
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.
Features
- Property Type: Retail
- Current Use: Food Service
- Construction: Frame
- Heating: Oil, Propane, Baseboard, Hot Water
- Cooling: None
- Units: 16
- Year Built: 1920
- Est. Taxes: $24,000
- MLS#: H6318527
- Days on Market: 120 days
- Website: https://www.raveis.com
/prop/H6318527/179srainbowshoresroad_other_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
179 S Rainbow Shores Road, Other, NY, 13142
$4,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
| Monthly Tax Payment | $2,000 | $2,000 | $2,000 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,159 | $22,166 | $29,895 |
| Total Monthly Payment | $22,284 | $24,291 | $32,020 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535