I'm going to say the Hover Boots.

Too little traction... >_<

Huh, I woulda thought someone would have gotten it outright.

Not the Hover Boots.

Huh. OK then.

Balance? Balance...

Megaton Hammer.

Not the hammer.

Mmmkay...

In this case, I have no idea. When we're talking about treasure, should we be looking at a connotated view or not?

Treasure is something very valuable, is it not? Think of it that way.

Also remember the rest of the riddle. If you think about it, everything you need to solve the riddle is right there. Therefore, there will be no extra lines this time, otherwise I'd just be giving it away.

Dude, there's no way in Hell I'm guessing at this anymore.

"Something valuable" is just too vague. People have different views of how valuable different things are. For instance, DLX thought that the damn label on a bottle of Lon Lon Milk was valuable.

Somebody else needs to guess.

Is it the Hookshot/longshot?

That would at least explain the measure part.

But it doesn't really explain the balance part.

So, no.

Man, I have no clue. I was beggining to think that 'Ballance is the Key' was a step needed in order to obtain the treasure. I, however, couldnt think of anything.

Perhaps a hint you will give?

A treasure beyond measure
Balance is the key

Beyond measure is referring to its value. Basically, it's beyond value. It's so much more.

Oh, wait a minute, I think it just clicked.

Is it the Triforce? Or perhaps the word the Triforce created?

I was at first thinking good and evil, but I cant see how its a treasure.

Yep, the Triforce.

As for balance, remember one of the legends Zelda speaks of?

Note: Not exact words, mind's foggy

In order to claim the Triforce, the one that touches it must have all three forces in balance

Ahh, I see. It was more of a lucy guess then anything else.

Ok, here is an easy one.

There is a heartpiece hidden underground on the path headed toward the lake. How much does that Heart Piece cost?

OOh, what is it. Is it 50 Rupies?