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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1988 W Lake Shore Dr , Wilmington, NC 28401
$949,900
Est. Payment: $2,110.89/mo
3 Bed
3 Bath
2374 Sqft
Status: Active | Days on site: 106
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House 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.

Highlights

Listed by Diane M Castro-Perez , 910-467-7642 and Katie A Jones , 910-650-9598 Coldwell Banker Sea Coast Advantage-Hampstead , 910-270-8880.

Property Type

Multi-Family

Lot/Acreage
0.93

Year Built

1935

County

New Hanover

Neighborhood

Woodlawn

Listing ID

100596128

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:
Appliances:Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Sump Pump, Irrigation Equipment
Air Cond:Multi Units
Fireplaces:
Floor:LVT/LVP,Tile,Hardwood
Other:
  • Additional:Master Downstairs, Ceiling Fan(s), Walk-in Shower, Wet Bar, Blinds/Shades, Built-in Features, See Remarks
Water:Public

Exterior Features

Lot:Fencing: Vinyl
Lot Dimensions:Irregular
Garage Capacity:0
Zoning:R-5
Roof:Shingle
Others:
  • Additional:Outdoor Kitchen, Irrigation System, Thermal Doors
Parking Features:Circular Driveway,Gravel,Concrete,See Remarks,Assigned,On Site
Principal Interest
$2,111
Taxes
$606

Home Price

$949,900

Loan Details

30 yrs
%

Down Payment

20%
$189,980
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Monthly Price:
$2,110.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,110.89 $605.56 $0.00 $2,716.45
Yearly $25,330.67 $7,266.74 $0.00 $32,597.40
Total $759,920.00 $218,002.05 $0.00 $977,922.05

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.