The lake is home to several fish species, including largemouth bass, bluegill, catfish, and crappie. Nearby activities include hiking, biking, and birdwatching in the adjacent Lochloosa Wildlife Management Area. The best fishing tips for Newnans Lake include using live bait and fishing in the early morning or late afternoon. The best time of year to visit is in the spring and fall when temperatures range from 70-80°F. It is not recommended to visit in the summer due to high temperatures and increased activity of alligators in the area.