Wilmington Property With 3 Separate Living Spaces Greenfield Lake Location & Established Rental Income 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… Read More 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. Read Less
Courtesy of Diane M Castro-Perez, Coldwell Banker Sea Coast Advantage-Hampstead
Listing Snapshot
Days Online
137
Last Updated
Property Type
Duplex
Beds
3
Lot Size
0.93 Acres
Year Built
1935
MLS Number
100596128
Additional Details
Appliances & Equipment
Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Electric Oven, Washer, Refrigerator, Dryer, Double Oven, Dishwasher, Sump Pump, Irrigation Equipment
Basement
None
Building
Built in 1935, Construction materials: See Remarks, Fiber Cement, Wood Frame, Levels: Two, 2 total stories, Structure type: Wood Frame, See Remarks, Toal building area: 2374
Cooling
Multi Units
Doors
Thermal Doors
Exterior Features
Outdoor Kitchen, Irrigation System, Thermal Doors
Fence
Vinyl
Fireplaces
1 total fireplace
Floors
LVT/LVP, Tile, Hardwood
Water Features
None
Heating
Fireplace(s), Electric, Forced Air
Interior Features
Master Downstairs, Ceiling Fan(s), Walk-in Shower, Wet Bar, Blinds/Shades, Built-in Features, See Remarks
Lot
0.93 acres, 40,511 sqft
Parking
Circular Driveway, Gravel, Concrete, See Remarks, Assigned, On Site
Pool
Above Ground, See Remarks
Property
Frontage type: See Remarks, Patio and porch features: Open, Covered, Deck, Patio, Porch, Front Porch, Rear Porch, Side Porch, Zoning: R-5, Lake
Roof
Shingle
Taxes
Year: 2026
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