3 Beds
3 Baths
2,374 SqFt
3 Beds
3 Baths
2,374 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,374 sqft
Price per Sqft $400
Subdivision Woodlawn
MLS Listing ID 100596128
Style Wood Frame,See Remarks
Bedrooms 3
HOA Y/N No
Year Built 1935
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions Irregular
Property Sub-Type Duplex
Source Hive MLS
Property Description
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.
Location
State NC
County New Hanover
Community Woodlawn
Zoning R-5
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,
Location Details Mainland
Rooms
Basement None
Interior
Interior Features Master Downstairs, Ceiling Fan(s), Walk-in Shower, Wet Bar, Blinds/Shades, Built-in Features, See Remarks
Heating Fireplace(s), Electric, Forced Air
Cooling Multi Units
Flooring LVT/LVP, Tile, Hardwood
Fireplaces Number 1
Appliance Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Sump Pump
Exterior
Exterior Feature Outdoor Kitchen, Irrigation System, Thermal Doors
Parking Features Circular Driveway, Gravel, Concrete, See Remarks, Assigned, On Site
Pool Above Ground, See Remarks
Waterfront Description None
View Lake
Roof Type Shingle
Porch Open, Covered, Deck, Patio, Porch, Front Porch, Rear Porch, Side Porch
Garage No
Building
Entry Level Two
Foundation Slab, Crawl Space
Water Public
Level or Stories 2
Structure Type Outdoor Kitchen,Irrigation System,Thermal Doors
New Construction No
Schools
Elementary Schools Sunset
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R06005-021-001-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/64f55350-8b91-430c-b0dd-11b903abffd8?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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