It belongs to the region of Pryvododilni Gorgany and is located at an elevation of 980 meters above sea level.

The lake was created in the post-Ice Age period (around ten thousand years ago) due to a powerful earthquake-induced tectonic shift of indigenous sandstone from the southern slope of Mount Krasna which blocked a narrow stream valley.

The water level in the basin constantly changes: it increases during rain showers and intensive snow thaw, and decreases during winter and the dry season.

There is a very small island in the middle of the lake with an area of a few square meters which is called the Sea Eye (Morske Oko).

Architect Yurii Solomin (Юрій Соломін) decorated the area around the lake, with contributions from the sculptors Ivan Brodin (Іван Бродин) and Mykhailo Sanych (Михайло Санич), who created the red tree sculptural composition "Syn and Vir" (Syn i Vir).