Folly Pond, located in Routt County, Colorado, is a privately owned water resource that serves multiple purposes including fire protection, stock watering, and as a small fish pond. Built in 1982, this earth dam structure stands at 28 feet tall and spans 30 feet in length, with a maximum storage capacity of 56 acre-feet. The pond covers a surface area of 5 acres and has a drainage area of 1 square mile, with a maximum discharge capacity of 430 cubic feet per second.

Although Folly Pond is classified as having a low hazard potential, its condition assessment in 2018 was rated as fair. The dam's inspection frequency is every 6 years, with the last inspection conducted in October 2018. Despite its moderate risk assessment level, the pond's risk management measures and emergency preparedness plans are currently not specified. With its scenic location near Oak Creek and its role in supporting local wildlife and recreational activities, Folly Pond remains a significant water resource for the community of Steamboat Springs.