The first and largest basin at the north-west end of the lake stretches from a dam along Barton Road in Stow down to narrows just above the towns south border.

The 3rd and 4th basins at the eastern end of the lake are much smaller and less easily navigable due to shallow waters and significant plant-growth.

Maximum depth of the first basin is approximately 23 ft (7.0 m), making it the deepest part of the lake.

[4] Lake Boon serves as an important part of the Stow and Hudson communities, with residences built around most of the shoreline.

In the summer it provides a place for camps and swim lessons and has a few basic amenities like picnic tables and grills.

Use of the Pine Bluff Beach requires either a day-pass which can only be purchased by local residents or a season-pass that is available to the wider public.

[4] The intent was to add to the water reserve needed for powering the Assabet Woolen Mill, in the town of Maynard.

[4] In order to get from the railroad stops to the lake's most popular locations, a ferry service was started around 1900 that sailed between Whitman's Crossing near the Sudbury Rd bridge in Stow and the Ordway Station in Hudson.

[4] The mass adoption of automobiles in the mid-20th century made it easier for people to travel longer distances to other destinations, decreasing tourism to Lake Boon.

On September 4, 1851, Thoreau created a journal entry entitled "A Walk to Boon's Pond in Stow".