Reasons why lakefront properties are more expensive
There are various reasons for lake-front properties to be expensive.
For one, the view of a lake-front property is highly coveted. It is rarer in nature. It gives you access to the lake or a waterbody as well which is impossible to get in the city. This increases the potential for water sports and outdoor activities. In some area power is also generated from lakes.
Add novelty value to the equation and you have more than enough reasons for lake-front properties to be expensive.