Waterfront property refers to real estate that is located directly adjacent to a body of water, such as a lake, river, or ocean. These properties often offer scenic views and easy access to water activities like boating, fishing, and swimming. Waterfront homes can vary in size and style, from cozy cottages to luxurious estates. Investing in waterfront property can be appealing due to its potential for higher resale value and rental income. However, buyers should consider factors like flood risk, maintenance costs, and local regulations that may affect property use. Understanding these aspects is crucial for making an informed decision.