Which location in New Orleans is a known community developed on the lake’s edge?

Milneberg is recognized as a community that has developed on the edge of Lake Pontchartrain in New Orleans. Historically, this area was known for its picturesque views and recreational opportunities, making it a popular spot for both residents and visitors alike. The community's close proximity to the lake allows for various water-related activities and has contributed to its unique character within the city.

City Park, while a significant green space in New Orleans, is located inland and not directly on the lake's edge, making it less relevant to this question. Audubon Park is also situated away from the lake and is more associated with the nearby Audubon Zoo. Basin Street has historical significance related to the cultural and musical roots of New Orleans but does not refer to a community developed by the lake, focusing instead on urban aspects of the city away from the water’s edge.