When it comes to Phoenix Az waterfront property, certain bragging rights can be claimed by each city or town depending on the lake communities within their city limits. For example, Chandler has more lake communities than any other city. And Gilbert has 3 of the 6 water ski communities in the Phoenix valley. Scottsdale Waterfront Residences often claims the most expensive waterfront listing in the valley. When you consider Tempe lake communities, it could easily be distinguished as having the most diverse selection of Phoenix waterfront property.