Laguna Niguel Lake is used for fishing and has been stocked with catfish, bass, blue gill, and trout.

[5] In addition to fishing it is used by the Laguna Niguel Lightning youth baseball team for conditioning purposes.

The lake became famous within the fishing community for stocking "wild raised" Utah "Hook-Jaws" exceeding sizes of 15 pounds (6.8 kg).

The lake has recently received new operators who are bringing back these famous Utah raised Rainbow Trout come November 2010.

[citation needed] The lake is owned by Orange County, and is leased out to Rick Mendoza – one of the original operators – and Darren Colbert who are in charge of the fishing and concession.