Walters Lake is a 77-acre (31 ha), 21-foot (6.4 m) deep lake.

[2] The lake lies within Independence Township in Oakland County, Michigan.

[3] Walters Lake is north and east of Clarkston Road, and north of Clintonville Road.

Walters Lake connects upstream with Heather Lake.

Walters Lake fish include Largemouth Bass, Bluegill and Perch.