The lake is home to a variety of fish species, including largemouth bass, bluegill, crappie, and catfish. Nearby activities include hiking, bird watching, and camping. Fishing tips for the area include using live bait and fishing near structure. The best time of year to visit Powderhorn Lake is during the spring and fall months, when temperatures average around 60-70 degrees Fahrenheit. Overall, Powderhorn Lake is a great spot for anglers looking for a peaceful and productive fishing experience.