Crossword Genius

Exclusive group’s simple dwelling overlooking great lake (7)

Ross

I believe the answer is:

coterie

'exclusive group's' is the definition.
(I've seen this in another clue)

'simple dwelling overlooking great lake' is the wordplay.
'simple dwelling' becomes 'cot' (cot can mean a simple cottage).
'overlooking' means one lot of letters go next to another (in a down clue, some letters go above others).
'great lake' becomes 'erie' (Erie is one of the Great Lakes).
'cot'+'erie'='COTERIE'

(Other definitions for coterie that I've seen before include "Small exclusive group of people" , "Exclusive social circle" , "Exclusive circle of people with common purpose" , "Select group" , "Small exclusive circle with a common purpose" .)

I've seen this clue in The Times.
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