This refers to a particular residential community or development. The name suggests a setting with established traditions and a desirable location near a body of water. It implies a place where significant events or notable individuals may have resided, contributing to a rich local history and sense of place.
The importance of such a community lies in its ability to foster a strong sense of belonging among residents, attract potential homeowners seeking a vibrant and well-established environment, and potentially appreciate in value due to its perceived prestige and desirability. Historical context, whether actual historical events or simply the passage of time, can significantly enhance the appeal and market value of such a location.