Significantly, yes. Candlewood Lake is Connecticut’s largest lake, about 11 miles long, 5,420 acres, with 65 miles of shoreline, and it creates a distinct tier of property value in New Fairfield. Waterfront homes, lake-view properties, and homes with deeded lake access or dock rights command meaningful premiums over comparable inland homes. The gap can be substantial depending on the specific property. This is one of the primary reasons automated valuation tools tend to be unreliable in New Fairfield, they can’t account for the nuances of lake access and proximity that drive a large portion of the local market.