1988 W Lake Shore Drive, Wilmington, NC 28401
What's special
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.
- 111 days |
- 947 |
- 31 |
Originating MLS: Jacksonville Board of RealtorsTravel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Diane M Castro-Perez 910-467-7642,
Coldwell Banker Sea Coast Advantage-Hampstead,
Katie A Jones 910-650-9598,
Coldwell Banker Sea Coast Advantage - Jacksonville
Originating MLS: Jacksonville Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Master Bedroom, Bedroom 2, Bedroom 3, Living Room, Dining Room, Laundry, Family Room
Primary bedroom
- Level: First
- Dimensions: 154 x 148
Bedroom 2
- Level: First
- Dimensions: 149 x 140
Bedroom 3
- Level: Second
- Dimensions: 123 x 142
Dining room
- Level: First
- Dimensions: 212 x 116
Family room
- Level: Second
- Dimensions: 123 x 174
Kitchen
- Level: First
- Dimensions: 153 x 111
Laundry
- Level: First
- Dimensions: 910 x 71
Living room
- Level: First
- Dimensions: 185 x 139
Heating
- Other, Fireplace(s), Electric, Forced Air
Cooling
- Multi Units
Appliances
- Included: Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Electric Range
- Laundry: Laundry Room
Features
- Master Downstairs, Walk-in Closet(s), Solid Surface, Ceiling Fan(s), Walk-in Shower, Wet Bar, Blinds/Shades, Built-in Features, Walk-In Closet(s), See Remarks
- Flooring: LVT/LVP, Tile, Hardwood
- Doors: Thermal Doors
- Basement: None
- Attic: None
- Number of fireplaces: 1
Interior area
- Total structure area: 2,374
- Total interior livable area: 2,374 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Circular Driveway, Gravel, Concrete, See Remarks, Assigned, On Site
- Has uncovered spaces: Yes
Features
- Levels: Two
- Patio & porch: Open, Covered, Deck, Patio, Porch, Front Porch, Rear Porch, Side Porch
- Exterior features: Outdoor Shower, Irrigation System, Outdoor Kitchen, Garden, Thermal Doors, See Remarks
- Pool features: Above Ground
- Fencing: Vinyl
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: None
- Frontage type: See Remarks
Lot
- Size: 0.93 Acres
- Features: See Remarks, Irregular Lot, Landscaped
Details
- Additional structures: Covered Area, Fountain, Shower, Guest House, Pergola, Shed(s), See Remarks, Gazebo, Storage, Workshop, Outbuilding, Outdoor Kitchen
- Parcel number: R06005021001000
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Wood Frame
- Foundation: Concrete Perimeter, Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Woodlawn
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $400/sqft
- Tax assessed value: $666,100
- Date on market: 5/8/2026
- Cumulative days on market: 111 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $949,9000%$400/sqft |
Source:  Hive MLS #100572479 Report a problem | ||
| 5/8/2026 | Listed for sale | $950,000+1596.4%$400/sqft |
Source: Hive MLS #100572479 Report a problem | ||
| 5/23/2013 | Sold | $56,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $387,100 |
| 2023 | -- | $387,100 |
| 2022 | -- | $387,100 |
| 2021 | -- | $387,100 +49% |
| 2020 | -- | $259,800 +48.6% |
| 2019 | -- | $174,800 |
| 2018 | -- | $174,800 |
| 2017 | -- | $174,800 -9.8% |
| 2016 | -- | $193,700 |
| 2015 | -- | $193,700 |
| 2014 | -- | $193,700 |
| 2013 | -- | $193,700 |
| 2012 | -- | $193,700 -18.5% |
| 2011 | -- | $237,783 |
| 2010 | -- | $237,783 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $83,185 |
| 2003 | -- | $83,185 |
| 2002 | -- | $83,185 |
| 2001 | -- | $83,185 |
| 2000 | -- | $83,185 |
Find assessor info on the county website
Monthly payment
Estimated market value
$901,000
$856,000 - $946,000
$3,062/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.