The lake and the surrounding area was declared a Flora and Fauna Sanctuary in 1977.

The predominant ecosystem is the páramo, with presence of frailejón plant, ferns, lichens and puyas.

The visitor center Furachiogua offers accommodation for up to 48 persons, and camping zone.

[2] Lake Iguaque was considered a sacred place for the Muisca.

Finally Bachué and her husband disappeared unto the lake in the shape of snakes.