The lake was originally created in the 1920s with the building of the "Carl" Pleasant Dam which was later renamed as Waddel Dam. A new larger dam was constructed in 1992 which tripled the size of the lake. The original dam now lies under 100 feet of water.
Lake Pleasant is a water-lover's and boating enthusiast's paradise that includes camping, boating, house boating, sailing, water skiing, jet skiing and fishing.