The lake is home to a variety of fish species, including largemouth bass, rainbow trout, bluegill, and catfish. Nearby activities include hiking, camping, and picnicking. For successful fishing, it is recommended to use live bait or lures that imitate the natural prey of the fish. The best time to visit Coronet Lake for fishing is during the spring and fall months when the weather is cooler and the fish are more active. The average temperature during these months is around 65-70°F.