1988 W Lake Shore Drive
Property Description
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.
Broker Details
Coldwell Banker Sea Coast Advantage-Hampstead 910-270-8880
MLS ID: 562500900 State License Number: 245995
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $949,900 |
| No. of Units: | 3 |
| Year Built: | 1935 |
| Lot Size: | 2,374.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $316,633 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 3 |
ID: 3yd-HIVEMLSNC-100596128
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