Located in the heart of Pinetop-Lakeside, Woodland Lake and the park surrounding it have been called the town's "Crown Jewel." In addition to trout fishing, the lake provides a host of other outdoor recreation opportunities. Woodland Lake lies on city and Apache-Sitgraves National Forest property, just west of White Mountain Blvd. in Pinetop.
Woodland Lake is situated at . At full capacity, it has a surface area of with a maximum depth of . Because the lake is part of the local irrigation district, at drawdown, it averages . It is shallow and nutrient rich, making it subject to water quality problems in the summer. For this reason, the lake is stocked primarily with catchable-sized rainbow trout in the spring and early summer. The lake also contains a few largemouth bass and channel catfish.
The town of Pinetop-Lakeside maintains Woodland Park, which includes hiking trails, picnic tables and ramadas, barrier-free restrooms, a sand volleyball court, tennis court, two children's playgrounds, some ball fields, a boat ramp and a barrier-free, floating fishing dock.