[3] Construction of Watauga Dam began in early 1942 but was curtailed later that year in favor of other World War II building efforts.

At full pool, Watauga's elevation is the highest of all TVA lakes at 1,959 feet (597 m) above sea level.

Several fee-based public and private boat launch ramps provide access on the Hampton side of the reservoir.

The release of impounded water from both TVA Watauga Dam and TVA Wilbur Dam provides additional downstream riverine recreational opportunities such as whitewater rafting, trout fishing, and kayaking on the Watauga River.

Houseboat owners have been conducting a large annual July 4 Boat Parade on Watauga Lake since 2001.