[1] The lake is located at the northwestern end of the Krai, close to the border with Novosibirsk Oblast.

The nearest inhabited places are Novopeschanoye, located by the western end, and Novoalexeyevka near the southern shore.

[3][4][5] Lake Khorosheye, also part of the Burla river basin, lies to the north and Khomutinoye close to the eastern end; both are connected with Peschanoye by channels.

[2] There are mostly cultivated fields close to the lake, as well as some steppe vegetation.

The fish species in Peschanoye include sander, ide, bream, pike, burbot, perch and common roach, among others.