1988 W Lake Shore Drive

Wilmington, NC 28401

$950,000

$400 per Sq.Ft.

Active
3 beds
3 baths
2374 Sq. Ft.
Residential
Built in 1935
MLS #100572479

3 beds

3 baths

2374 Sq. Ft.

Residential

Built in 1935

MLS #100572479

1988 West Lake Shore Drive is a multi-home property that offers one of the most unique opportunities in Wilmington. Positioned directly across from Greenfield Lake and approximately 220 yards from Greenfield Lake Amphitheater, this remarkable property blends historic character, established income potential, and a private compound-style setting rarely found close to downtown. The property features three separate living spaces, each thoughtfully positioned to provide privacy and flexibility. The 'Main House,' a beautifully preserved 1935-era residence, serves as the primary home and offers 3 bedrooms and 3 full bathrooms with hardwood floors, fiber cement siding, generator setup, and timeless architectural charm. The outdoor living experience is equally impressive with a beautifully landscaped backyard, outdoor kitchen, enclosed exterior bathroom, tranquil fountain, 23 blueberry bushes, and a private retreat-like setting. The 'Lake House,' originally built around 1945, features 2 bedrooms and 2 full bathrooms. Thoughtfully renovated with modern conveniences while maintaining its character and warmth, it has become a highly successful Airbnb Guest Favorite with an exceptional 4.96-star rating across 332 reviews. The property also includes an additional detached cottage-style structure currently utilized by the owners as the 'Lake Cottage,' offering additional flexibility for guests or extended stays. This space has also earned Airbnb Guest Favorite status with a 4.93-star rating across 123 reviews. The Lake House and Lake Cottage generated over $51,000 in gross income during 2025, presenting an exceptional opportunity for investors, multigenerational living, or buyers seeking a personal residence with supplemental income potential. Whether envisioned as a private family compound, income-producing retreat, or combination of both, 1988 West Lake Shore Drive represents a truly rare Wilmington offering. The above-ground pool and 'Lake Cottage' were not permitted.

Interior Features

Total bedrooms

3 bedrooms

Full bathrooms

3 full bathrooms

Half bathrooms

0 half bathrooms

Kitchen appliances

Vented exhaust fan, electric oven, electric cooktop, built-in electric oven, washer, refrigerator, dryer, double oven, dishwasher

Interior features

Master downstairs, walk-in closet(s), solid surface, ceiling fan(s), walk-in shower, wet bar

Flooring

Lvt/lvp, tile

Cooling

Heating

Other, fireplace(s), electric, forced air

Exterior Features

Lot size

0.93 acres

Lot features

See remarks

Water front

Water features

None

Fencing

Vinyl

Exterior features

Fiber cement

Roof

Shingle

HOA Information

HOA

Utilities

Sewer connected, water connected

Schools

Elementary school

Sunset

Middle school

Williston

High school

New Hanover

Other Information

Tax assessed value

$666,100.00

Tax year

2026

Zoning

R-5

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Listing provided courtesy of: Coldwell Banker Sea Coast Advantage-Hampstead. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

Market trends

There were 439 new listings in Wilmington last month. The average time on market was 45 days and the average price of new new listings was $583,977. Over the last three months, the average sale price to list price ratio was 96.63%.

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1988 W Lake Shore Drive