1988 W Lake Shore DR Wilmington, NC 28401
3 Beds
3 Baths
2,374 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,374 sqft
Price per Sqft $400
Subdivision Woodlawn
MLS Listing ID 100572479
Style Wood Frame,Stick Built
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1935
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions Irregular
Property Sub-Type Single Family Residence
Source Hive MLS
Property Description
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.
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, t
Location Details Mainland
Rooms
Other Rooms Covered Area, Fountain, Shower, Guest House, Pergola, Shed(s), See Remarks, Gazebo, Storage, Workshop, Outbuilding, Outdoor Kitchen
Basement None
Primary Bedroom Level Primary Living Area
Interior
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
Heating Other, Fireplace(s), Electric, Forced Air
Cooling Multi Units
Flooring LVT/LVP, Tile, Hardwood
Furnishings Unfurnished
Appliance Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Electric Range, Sump Pump
Laundry Laundry Room
Exterior
Exterior Feature Outdoor Shower, Irrigation System, Outdoor Kitchen, Garden, Thermal Doors, See Remarks60
Parking Features Circular Driveway, Gravel, Concrete, See Remarks, Assigned, On Site
Pool Above Ground
Utilities Available Sewer Connected, Water Connected
Waterfront Description None
View Lake
Roof Type Shingle
Porch Open, Covered, Deck, Patio, Porch, Front Porch, Rear Porch, Side Porch
Building
Lot Description See Remarks, Irregular Lot2, Landscaped
Entry Level Two
Foundation Concrete Perimeter, Crawl Space
Water Public
Level or Stories 2
Structure Type Outdoor Shower,Irrigation System,Outdoor Kitchen,Garden,Thermal Doors,See Remarks60
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, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, 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
