The lake is home to various fish species, including bass, catfish, crappie, and bluegill. The nearby area offers plenty of outdoor activities, including hiking, picnicking, and birdwatching. The best time to visit Axehead Lake for fishing is during the spring and fall when water temperatures are cooler, and fish are more active. The average temperature in the spring and fall is around 60-70 degrees Fahrenheit. Fishing tips include using live bait or lures, fishing around structure, and being patient.