[3] The Lake Association owns and operates the Lake facilities which include approximately 124 surface acres of water and 50 acres of land, including Playa del Norte (North Beach) and Marina, Playa del Este (East Beach), parking facilities, Market on the Lake Dock and dam.

Association members have access to the Lake through the guard gates at both North and East beach.

Other portions of the shoreline have been developed as private residential projects and commercial village (Market on the Lake).

[4] About 5 miles (8.0 km) south of Santiago Peak, a peak in the Santa Ana Mountains, the lake is surrounded by private residential (single-family and condominium) communities, and is a private membership for Mission Viejo residents.

Snack Bar services are provided during the summer season as well as special menu for concert days and the Annual Jazz Fest/Taste of the Lake.

[9] The Lake is stocked with different kinds of fish including trout, catfish, tilapia, bass and sunfish.

Since the die-off, unpopular tilapia were introduced and as of 2019, the Golden Algae issue hasn't been resolved.

Subsequent stockings of trout have seen large volume die-offs over the years and no solution has been found.

In order to protect the natural ecological balance of the Lake, only specified types of baits are permitted.

[11] Mr. Coniglio also set a new IGFA “All-Tackle Length” Largemouth Bass was caught in Lake Mission Viejo on May 15, 2015.

Eyeing a possible 30 percent return on investment, the Philip Morris Co. bought the Mission Viejo Co. for $52 million in 1972.

An earthen dam nearly 130 feet high and almost a mile long was built along what would become the southern end of the lake.