Oakland Lake is a 255-acre (103 ha) lake located in central Oakland County in both Waterford Township and Independence Township.

There are a number of shallow bays on the lake that are less than five-feet deep and several small islands.

[3] Originally called Pond Lake, Oakland Lake is located on the upper reaches of the Clinton River watershed.

The Clinton River enters Oakland Lake on the west end through a short, wide connection to Woodhull Lake immediately upstream.

The Clinton River exits on the southeast end where there are two dams that regulate water level.