 Lake Wendouree is a suburb with a high proportion of large homes and mansions exploiting the views and proximity to the lake.Tree-lined Webster Street, in particular, is frequently proclaimed by estate agents to be Ballarat's most prestigious and most expensive address and properties in nearby streets will often be advertised based on their proximity to Webster Street in order to boost their sales value.Parks surround the lake at Lake Wendouree have many recreational facilities including boats and rowing sheds.