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1988 W Lake Shore Drive

Wilmington, NC 28401
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Bed 3

Bed

Bath 3

Bath

Acres0.93

Acre(Lot)

Wilmington Property With 3 Separate Living Spaces | Greenfield Lake Location & Established Rental Income Opportunity meets flexibility at 1988 West Lake Shore Drive, a distinctive Wilmington property directly across from Greenfield Lake and approximately 220 yards from Greenfield Lake Amphitheater. The property includes three separate spaces: a 3-bedroom, 3-bath main residence, a 2-bedroom, 2-bath Lake House, and an additional detached cottage-style structure currently used as the Lake Cottage. The main residence features hardwood floors, fiber cement siding, generator setup, classic architectural character, and beautifully landscaped grounds. Outdoor features include an outdoor kitchen, enclosed exterior bathroom, tranquil fountain, 23 blueberry bushes, and an above-ground pool. The Lake House has been thoughtfully renovated and currently operates as an established Airbnb short-term rental. It has earned Guest Favorite status with a 4.96-star rating across 332 reviews. The Lake Cottage has also earned Airbnb Guest Favorite status, with a 4.93-star rating across 123 reviews. Together, the Lake House and Lake Cottage generated more than $51,000 in gross income during 2025, providing buyers with an established rental history to evaluate. The separate spaces create flexibility for owner occupancy with additional rental income, short-term rental use, extended stays, or other permitted uses. Located near downtown Wilmington with Greenfield Lake directly across the street and Greenfield Lake Amphitheater approximately 220 yards away, 1988 West Lake Shore Drive combines multiple living spaces, established short-term rental performance, outdoor amenities, classic architectural character, and income potential in a highly distinctive Wilmington setting. Important: The above-ground pool and Lake Cottage were not permitted.

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Detail Ic Property Details

Property Type : Residential Income

Price : $949,900

AD Id : 89543478

MLS Id : 100596128

Beds : 3

Lot Size : 0.93 Acre

Year Built : 1935

County : New Hanover

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3

    Room Information

    Basement: None, Sump Pump, Crawl Space
  • Flooring Information

    Tile, Hardwood
  • Roofing Information

    Shingle
  • Interior Features

    Master Downstairs, Ceiling Fan(s), Wet Bar, Built-in Features, See Remarks Roof: Shingle Appliances: Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Electric Water Heater Window Features: Window Coverings
  • Heating & Cooling

    Has Heating: Yes Heating: Fireplace(s), Electric, Forced Air Has Cooling: Yes Cooling: Multi Units

  • Building Information

    Year Built: 1935 Building Area Total: 2374 Construction Materials: See Remarks, Fiber Cement, Frame Patio And Porch Features: Covered, Deck, Patio, Porch, Front Porch, Rear Porch, Side Porch Pool Features: Above Ground, See Remarks Private Pool: No View: Lake
  • Exterior Features

    Exterior Features: Outdoor Kitchen

  • Lot Information

    Lot Dimensions: Irregular Main Square Feet: 0.93 Acres Lot Size Acres: 0.93 Lot Size Square Feet: 40511

    Property Information

    Subdivision: Woodlawn Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 91

  • Listing Price Information

    Listing Price: $949900 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: R06005-021-001-000 Tax Block: N/A Tax Year: 2026

  • Parking Information

    Circular Driveway, Gravel, Concrete, See Remarks, Assigned, On Site

  • School Information

    Elementary School: Sunset
    Junior High School: Williston
    Senior High School: New Hanover
  • Location Information

    Direction: From Downtown Wilmington, head east on Hanover Street and turn right onto North 3rd Street. Continue approximately 2.2 miles, then turn left onto Carolina Beach Road (US-421 South). After 0.3 miles, WaterSource: Public
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The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 08/15/2026 @ 08:18

MLS: 100596128 LISTED BY: Diane Castro-Perez, Coldwell Banker Sea Coast Advantage-Hampstead SOURCE: Hive MLS (North Carolina Regional)

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