1988 W Lake Shore Dr, Wilmington, NC 28401

Property Description

Rare Wilmington Property Across from Greenfield Lake | Classic Character, Multiple Living Spaces & Income Potential A rare Wilmington opportunity directly across from Greenfield Lake and approximately 220 yards from Greenfield Lake Amphitheater. 1988 West Lake Shore Drive combines a beautifully appointed main residence, separate Lake House, additional cottage-style space, established short-term rental history, and beautifully landscaped grounds--all near downtown Wilmington. The main residence offers 3 bedrooms and 3 full bathrooms with hardwood floors, fiber cement siding, generator setup, and classic architectural character. The thoughtfully landscaped grounds feature an outdoor kitchen, enclosed exterior bathroom, tranquil fountain, 23 blueberry bushes, and an above-ground pool. The separate Lake House offers 2 bedrooms and 2 full bathrooms and has been thoughtfully renovated while maintaining its original character. It has earned Airbnb Guest Favorite status with a 4.96-star rating across 332 reviews. An additional detached cottage-style structure, currently used as the Lake Cottage, provides another flexible space and has earned Airbnb Guest Favorite status with a 4.93-star rating across 123 reviews. The Lake House and Lake Cottage generated more than $51,000 in gross income during 2025, giving buyers an established rental history to evaluate. The three separate spaces offer flexibility for personal use, supplemental rental income, short-term rental use, extended stays, or other permitted uses. With Greenfield Lake directly across the street, the amphitheater approximately 220 yards away, and downtown Wilmington nearby, 1988 West Lake Shore Drive offers a distinctive combination of location, classic architectural character, outdoor living, multiple living spaces, and established income potential. Important: The above-ground pool and Lake Cottage were not permitted.