You can try staying a night at the Taj hotel, lake Pichola. The hotel offers spectacular view of the lake and you won't feel anything less than a Royality
Hii Trupti I am shilpa. I am a south Indian. I have visited Gokarna in the past. Had plans of visiting it again. We could travel together if you want to. I can show you around, coz i speak the local dialect kannada. Mail me at shilpashree2@gmail.com