Deer Point Lake is fed by natural freshwater streams and supplies more than 760 million gallons of fresh water daily to Panama City and the surrounding areas. The lake can be accessed by taking US 231 north from Panama City (6 miles) to C2321 west (1.5 miles); turn right on C2311 (3.5 miles); the ramp (Highpoint) is on the left. There are also boat ramps located on C2321on either side of the dam. A fishing pier is located near the boat ramp on the west side of the dam.
This lake is best known for its shellcracker (Redear Sunfish) fishing during the spring (April through June) using earthworms as live bait. Fly fishing for shellcracker during the spring can also be productive when fishing early morning, late afternoon, and evening. Bream (Bluegill) fishing is also good in the spring using crickets and earthworms. Largemouth Bass fishing is best in the spring to early summer and again in the fall using plastic worms and crankbaits. Broken-back minnow lures are also effective for bass when fished near the shoreline.