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$950,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • 2,374 Sq. Ft.
  • 0.93 Acres
  • Updated 2 days ago

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1988 West Lake Shore Drive is a multi-home property that offers one of the most unique opportunities in Wilmington. Positioned directly across from Greenfield Lake and approximately 220 yards from Greenfield Lake Amphitheater, this remarkable property blends historic character, established income potential, and a private compound-style setting rarely found close to downtown. The property features three separate living spaces, each thoughtfully positioned to provide privacy and flexibility. The 'Main House,' a beautifully preserved 1935-era residence, serves as the primary home and offers 3 bedrooms and 3 full bathrooms with hardwood floors, fiber cement siding, generator setup, and timeless architectural charm. The outdoor living experience is equally impressive with a beautifully landscaped backyard, outdoor kitchen, enclosed exterior bathroom, tranquil fountain, 23 blueberry bushes, and a private retreat-like setting. The 'Lake House,' originally built around 1945, features 2 bedrooms and 2 full bathrooms. Thoughtfully renovated with modern conveniences while maintaining its character and warmth, it has become a highly successful Airbnb Guest Favorite with an exceptional 4.96-star rating across 332 reviews. The property also includes an additional detached cottage-style structure currently utilized by the owners as the 'Lake Cottage,' offering additional flexibility for guests or extended stays. This space has also earned Airbnb Guest Favorite status with a 4.93-star rating across 123 reviews. The Lake House and Lake Cottage generated over $51,000 in gross income during 2025, presenting an exceptional opportunity for investors, multigenerational living, or buyers seeking a personal residence with supplemental income potential. Whether envisioned as a private family compound, income-producing retreat, or combination of both, 1988 West Lake Shore Drive represents a truly rare Wilmington offering. The above-ground pool and 'Lake Cottage' were not permitted.

Full Property Details for 1988 W Lake Shore Dr

General

  • Price: $950,000
  • Taxes: (2026)
  • Status: Active
  • Type: Single Family
  • Source: 2253
  • MLS ID: 100572479
  • Updated: 5/13/2026
  • Added to Site: 8 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior 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 Remarks61
  • Appliances: Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Electric Range, Sump Pump
  • Furnishings: Unfurnished
  • Flooring: LVT/LVP, Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: Primary Living Area

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Pool: Yes
  • Pool Description: Above Ground
  • Security/Safety: Cameras Included

Exterior

  • Exterior Features: Outdoor Shower, Irrigation System, Outdoor Kitchen, Garden, Thermal Doors, See Remarks60
  • Porch/Patio/Deck: Open, Covered, Deck, Patio, Porch, Front Porch, Rear Por

Parking

  • Parking Features: Circular Driveway, Gravel, Concrete, See Remarks, Assigned, On Site

Location

  • County: New Hanover
  • Subdivision: Woodlawn
  • Driving Directions: 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, t

School Information

  • High School District: New Hanover
  • Elementary School: Sunset
  • Middle School: Williston
  • High School: New Hanover

Heating & Cooling

  • Cooling Type: Multi Units
  • Heating Type: Other, Fireplace(s), Electric, Forced Air

Utilities

  • Sewer: Municipal Sewer
  • Water: Public
  • Utility Description: Sewer Connected, Water Connected

Structural Information

  • Architectural Style: See Remarks62
  • Structure Type: Wood Frame, Stick Built
  • Construction: Fiber Cement, Wood Frame
  • Basement Desc.: None
  • Roof: Shingle
  • Doors: Thermal Doors
  • Entry Floor Number: 1
  • Square Feet: 2,374
  • Year Built: 1935

Additional Structures

  • Other Structures: Covered Area, Fountain, Shower, Guest House, Pergola, Shed(s), See Remarks, Gazebo, Storage, Workshop, Outbuilding, Outdoor Kitchen

Lot Features

  • Lot Size (Acres): 0.93
  • Lot Size (Sq. Ft.): 40,511
  • Lot Dimensions: Irregular
  • Frontage: City Street, State Road, Paved, Paved
  • Lot Features: See Remarks, Irregular Lot2, Landscaped
  • Zoning: R-5
  • Fencing (Description): Vinyl

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $400.17
  • Assessment Amount: $666,100
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: TR 1R GLAD TIDINGS COMMUNITY MINISTRIES RECOM REV
  • Property ID: R06005-021-001-000

Listed by Coldwell Banker Sea Coast Advantage-Hampstead, Diane M Castro-Perez and Coldwell Banker Sea Coast Advantage-Hampstead, Tanner Gray

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Listing agents

— 1988 W Lake Shore Dr —

  • Diane M Castro-Perez

    Coldwell Banker Sea Coast Advantage-Hampstead

  • Tanner Gray

    Coldwell Banker Sea Coast Advantage-Hampstead

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1988 W Lake Shore Dr

School District:New Hanover County Schools
NameGradesDistance
Sunset Park Elementary
613 Alabama Avenue, Wilmington, NC 28401
K-50.2 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-81.5 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1988 W Lake Shore Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$950,000
1596.43%
MLS
5/22/2013
Sold
$56,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1988 W Lake Shore Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$666,100
72%
2024
100%
$387,100
—
2022
100%
$387,100
—
2021
100%
$387,100
49%
2020
-100%
$259,800
34%
2013
$1,945
—
$193,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1988 W Lake Shore Dr

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Coldwell Banker Sea Coast Advantage-Hampstead, Diane M Castro-Perez and Coldwell Banker Sea Coast Advantage-Hampstead, Tanner Gray

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1988 W Lake Shore Drive, Wilmington, NC 28401 (MLS# 100572479) is a Single Family property with 3 bedrooms and 3 full bathrooms. 1988 W Lake Shore Drive is currently listed for $950,000 and was received on May 08, 2026. Want to learn more about 1988 W Lake Shore Drive? Do you have questions about finding other Single Family real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.

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