2304 Backbone Rd
About This Property
While the property is eligible for a DeKalb County Short-Term Rental permit, it has been enjoyed exclusively by its owners, giving future buyers the flexibility to continue it as a cherished private getaway or explore its potential as a luxury vacation rental. Offered fully furnished and thoughtfully appointed, the home is ready to welcome family and friends from the moment you arrive.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 14, 2026 | Listed by Compass RE | $2,690,000 | |
| Listed by Compass RE | |||
| Jul 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 27, 2026 | Listed by Center Hill Realty | $3,400,000 | |
| Listed by Center Hill Realty | |||
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Escape To Center Hill and experience a landmark waterfront estate where architectural distinction, privacy, and year-round lake access come together in a rare luxury offering. Set behind a gated entrance on 7.85 private waterfront acres, this custom Don Gardner architectural design offers refined lake living with a permitted USACE path to the water. Inside, exotic hardwood flooring, gracious living spaces, and elevated finishes create a sophisticated yet comfortable retreat. The living room with fireplace and dining area feature soaring beamed ceilings, flowing seamlessly into the custom kitchen with island and stainless appliances. The main level features a luxurious primary suite with an exquisite ensuite bath, private sitting room with fireplace, and private balcony, along with two guest rooms, each with its own ensuite bath. Above the three-car + atv garage, a spacious guest suite offers exceptional privacy with an ensuite bath. The daylight lower level expands the home’s entertaining capacity with two additional bedrooms, both with ensuite baths, plus a large den with fireplace and wet bar.
Expansive covered and uncovered outdoor living areas provide seamless spaces to gather, dine, relax, and enjoy the natural beauty of Center Hill Lake. With complete privacy, generous accommodations, and exceptional indoor-outdoor flow, this estate is perfectly designed for entertaining family and guests.
Center Hill Lake is known for its clear water, scenic shoreline, boating, fishing, and quiet natural beauty. Sligo Marina and Honky Tonk Golf Club are both approximately 10 minutes away, offering convenient access to marina amenities, dining, boating, and golf. This is a rare opportunity to own one of Center Hill’s premier private waterfront estates.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017