Raj ... Thanks for this good question whether there is a money premium to be paid for a home that is close to a lake, park or school.
There wouldn't be a specific premium ... in increased monetary value ... for these homes. However, homes that are close to parks and schools are generally more desireable for buyers who would buy the home quicker and perhaps pay more for those amenities.
Whether a home close to a lake is more desirable would be up to the buyers. We experience that people in Irvine like to buy homes and live close to Woodbridge Lake, both north and south areas.
If you have questions about Orange County, CA, homes and properties, and pricing, please let us know. Thanks.
Harrison K. Long, Explore Group Properties, Coldwell Banker Previews.