It is located 6,331 feet (1,930 m) above sea level in the Newberry National Volcanic Monument near La Pine.

It has an area of 1,531 acres (619.6 ha), a volume of 249,850 acre-feet (308,185 dam3), a maximum depth of 250 feet (76.2 m), a shore length of about 6.7 miles (11 km), and a residence time of about 46 years.

Paulina Lake sits within the Newberry Crater, formed from over 500,000 years of volcanic activity.

[4][5] Paulina Lake supports a number of recreational activities, including camping, hiking, fishing, kayaking, canoeing and paddle-boarding.

[3] The largest brown trout caught on record in the State of Oregon – a whopping 28 lb., 5 oz.