Very interesting question! In my experience as a realtor, I've found more people ask for a view of a lake vs. the privacy of a preserve but it also depends on each individual view of the properties and of course the prospective buyer's preferance as well. For example if we are talking about a small lake where I can see everyone's backyard vs. a canal with a wooded preserve...then I'd personally prefer the perserve. Now if it was a huge lake vs. a bunch of woods that back right up to my house with no fence etc...I'd prefer the lake. Typically waterfront property is more valuable but each property is unique. The bottom line is which do you prefer? If it's going to be your home then you want to walk out to your back yard & say 'I love this home'. Good luck & if you need any further assistance feel free to call me any time!