Fernley Pond Dam #3, located in Lyon County, Nevada, was completed in 1958 with a primary purpose of serving as a Fish and Wildlife Pond. This Earth-type dam stands at 18 feet high and stretches 3,691 feet in length, with a storage capacity of 760 acre-feet. While the dam's hazard potential is classified as low, its condition assessment is noted as poor, indicating a need for maintenance and potential repairs.

The dam is under state jurisdiction and regulated by the Nevada Division of Water Resources, with inspection, permitting, and enforcement all conducted at the state level. Despite lacking a spillway, the dam features an outlet gate for controlled water release. The surrounding area offers 95 acres of surface water and is vital for recreation and wildlife preservation. However, with a risk assessment rating of high, there may be a need for increased risk management measures to ensure the safety and integrity of the dam for the future.