Short-Term Rental Property with Three
For Sale
$949,900
1988 W Lake Shore Dr, Wilmington, NC 28401
Three distinct living spaces support owner occupancy, short-term rentals, and flexible residential use.
Property Size2,374 SF
Price / SF$400.13
Days on Market21
Property Features for 1988 W Lake Shore Dr
General Information
Standard status
Active
Size
2,374 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
Coldwell Banker Sea Coast Advantage-Hampstead
(910) 546-4479
Listed By:
Diane M Castro-Perez · License #245995
Source:
Searchgreateraugustahomes
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 28 at 12:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Sea Coast Advantage-Hampstead
Investment Insights
Based on property information with market context.
This 1935 property is arranged as three separate living spaces: a 3-bedroom, 3-bath main residence, a 2-bedroom, 2-bath Lake House, and a detached cottage-style Lake Cottage. The main home includes hardwood floors, fiber cement siding, generator setup, landscaped grounds, an outdoor kitchen, an enclosed exterior bathroom, a fountain, 23 blueberry bushes, and an above-ground pool.
The renovated Lake House and Lake Cottage operate as Airbnb short-term rentals, with Guest Favorite status and ratings of 4.96 across 332 reviews and 4.93 across 123 reviews, respectively. Greenfield Lake is directly across from the property, while Greenfield Lake Amphitheater is approximately 220 yards away. The above-ground pool and Lake Cottage were not permitted.
The renovated Lake House and Lake Cottage operate as Airbnb short-term rentals, with Guest Favorite status and ratings of 4.96 across 332 reviews and 4.93 across 123 reviews, respectively. Greenfield Lake is directly across from the property, while Greenfield Lake Amphitheater is approximately 220 yards away. The above-ground pool and Lake Cottage were not permitted.
Key Highlights
- Three separate spaces: 3‑bedroom, 3‑bath main residence; 2‑bedroom, 2‑bath Lake House; and Lake Cottage
- Lake House Guest Favorite with a 4.96‑star rating across 332 reviews
- Lake Cottage Guest Favorite with a 4.93‑star rating across 123 reviews
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three distinct living spaces support owner occupancy, short-term rentals, and flexible residential use.
Where is this short term rental property located?
The property is located at 1988 W Lake Shore Dr Wilmington, NC.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three separate spaces: 3‑bedroom, 3‑bath main residence; 2‑bedroom, 2‑bath Lake House; and Lake Cottage; Lake House Guest Favorite with a 4.96‑star rating across 332 reviews; Lake Cottage Guest Favorite with a 4.93‑star rating across 123 reviews
