However, the actual area of the lake varies drastically annually.

[2] Wallace Lake has bald cypress trees growing in the middle of it, giving it the appearance of a light forest.

[4] The lake boasts many types of fish which include northern pike, redear sunfish, crappie, catfish, carp, black bass, bream, buffalo, gar, and bowfin.

The dam exists to prevent flooding of Bayou Pierre.

It is estimated that the dam has prevented $24.7 million in damages from occurring [5]