CCertihomes
179 S Rainbow Shores Road, Richland, NY 13142

$4,500,000

0 beds 0 baths 11,716 sqft Built 1920318 days on marketActive

About this home

Welcome to historic Rainbow Shores. Situated on 3.83 acres, it boasts 500 feet of manicured lakefront along the shores of Lake Ontario. The panoramic views and tranquil ambiance make it a perfect location for wedding venues. This extraordinary property features 15 beautifully appointed cabins, many of which have been updated. One of the most remarkable aspects of Rainbow Shores is its proximity to private state land, guaranteeing your privacy and preserving the unspoiled beauty. 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. 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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$29,976/mo

Real estate (PITI + HOA + PMI)
$28,598
Principal + interest$20,410
Property tax + insurance$6,500
PMI / 2nd mortgage$1,688
Utilities
$5,939
Heating + cooling$2,815
Internet + TV + phone$143
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$143
$29,976/mo TLC
Budget$30,476/mo
Remaining after TLC$500/mo
Purchase price
$4,500,000
Down payment
$225,000 (5%)
Loan amount
$4,275,000
APR
4%

Quick facts

Type
COM
Style
Year built
1920
Lot size
3.83 ac
Stories
1
Heating
ExhaustFan, Propane, Oil, Baseboard, HotWater, Radiant, WallFurnace
Cooling
ExhaustFan
Water
Public
HOA
Annual tax
$24,000
MLS #
R1490568
County
Oswego

Home features

Appliances
Humidifier
Exterior
PropaneTankOwnedPropaneTankLeased
Roof
Shingle
Sewer
PublicSewer, SepticTank

Neighborhood — 13142

MetricThis ZIPCountyUSA
Population4,79419,351,094299,088,112
Population Change Since1990-2.00%8.00%20.00%
Population Density64395
Male2,3239,381,926147,432,321
Female2,4719,969,168151,655,844
Never Married8994,946,39163,775,926
Married2,0837,166,701123,120,365
Separated1431,159,67312,639,686
Widowed3701,110,24515,467,586
Divorced4251,210,44823,075,029
Number Of House Hold1,8237,102,016111,826,380
Average House Hold Size2.612.642.60
Medial Age38.8336.5335.46
Median House Hold Income$38,267$49,847$48,276
Average House Hold Income$47,372$70,032$63,629
P C I$18,402$26,569$24,529
M D I$33,550$42,210$41,133
A T H E$42,120$54,185$50,898
S T R8.00%4.00%
W C J77.28%81.55%77.74%
(Zip) Code
13142

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 8/15/2023. Provided courtesy of Payne Team, LLC via Buffalo MLS. Information deemed reliable but not guaranteed.