Lakefront property refers to real estate that is located directly on the shore of a lake. This type of property often offers scenic views, recreational opportunities, and a peaceful environment. Homeowners may enjoy activities such as fishing, boating, and swimming right from their backyards. Investing in lakefront property can be appealing due to its potential for appreciation in value and the unique lifestyle it offers. However, it may also come with challenges, such as higher maintenance costs and regulations related to water use and environmental protection, which vary by location and may involve local authorities like the Environmental Protection Agency.