Lakefront vs. Near-Lake Properties: What’s the Real Difference?

Buying a home near one of Steuben County’s beautiful lakes—like Lake James, Clear Lake, Crooked Lake, or Jimmerson Lake—means you’re investing in a lifestyle as much as a property. But there’s a big choice to make: Do you buy directly on the lakefront, or choose a near-lake property nearby? Each option has unique benefits and trade-offs.

The Appeal of Lakefront Living

1. Unmatched Views & AccessOwning a lakefront property means waking up to water views every day and being able to step outside to swim, fish, or boat right from your dock.

2. Strong Resale ValueBecause supply is limited, true waterfront homes tend to hold their value well and appreciate faster.

3. Lifestyle & PrestigeLakefront homes often come with a built-in sense of community and prestige. Summer barbecues, dock parties, and sunset cruises are part of the package.

Considerations:

• Higher purchase prices and property taxes.

• Maintenance challenges (dock upkeep, shoreline erosion, and weather exposure).

• Less privacy in busy seasons when boaters and visitors pass close by.

The Perks of Near-Lake Properties

1. More AffordableHomes a block or two away from the shoreline usually come at a lower price point—sometimes significantly less—while still offering proximity to lake activities.

2. Less MaintenanceWithout direct shoreline responsibilities, owners avoid costs like dock repairs, seawalls, or erosion control.

3. Easier to FindNear-lake homes are often more plentiful, giving buyers more options for size, style, and budget.

Considerations:

• Limited or no direct water access (unless you have a shared access lot or community pier).

• Homes may not gain as much resale value compared to true lakefront.

• Views and privacy depend on the exact location.

Which One Is Right for You?

• Choose Lakefront if: You want daily water access, prioritize views, and are ready for the higher investment and upkeep.

• Choose Near-Lake if: You want the lifestyle at a lower cost, prefer less maintenance, and don’t mind driving or walking a short distance to the shoreline.

The Bottom Line

Both lakefront and near-lake properties in Steuben County offer unique lifestyles. Lakefront delivers the dream of waterfront living, while near-lake provides affordability and flexibility. The right choice depends on your budget, lifestyle goals, and how you plan to enjoy the lake.