Located in Grand County, Colorado, Martin Lily Pond, also known as North Meadow Reservoir, is a private water resource managed for recreational purposes. The earth dam, standing at a height of 20 feet, was completed in 1939 and has a storage capacity of 350 acre-feet. The reservoir covers a surface area of 40 acres and is fed by the Little Muddy Creek-Trail River.

Maintained by the Colorado Department of Water Resources, Martin Lily Pond has a low hazard potential and fair condition assessment as of the last inspection in October 2016. The spillway, which is uncontrolled, has a width of 12 feet. Despite its moderate risk assessment, the reservoir remains a popular destination for outdoor enthusiasts seeking water-based recreational activities in the picturesque surroundings of Kremmling.

With its historical significance and role in providing a recreational oasis in the Colorado wilderness, Martin Lily Pond stands as a testament to the importance of water resource management and climate resilience in preserving natural ecosystems and supporting sustainable recreation for future generations to enjoy.