The Pond contains numerous unmarked hazards to boaters mostly in the north end of the lake. There is limited public access to the lake and is most suitable for small fishing boats, kayaks and canoes. The wind primarily comes from the south and the lake remains relatively calm. However, north winds can produce rough water, especially in the open north end of the lake. The shoreline is rocky and drops off rather quickly in most areas. There are no public beaches or recreation areas.

Thanks to the vision and generosity of the former landowners, a 99-acre headland with nearly a mile of undeveloped shoreline on the Pond will remain wild. The owners offered to sell the land to the Kennebec Land Trust (KLT) for roughly half its appraised cost so that the property could remain in its natural state, a scenic mix of rocky outcrops, high-bush blueberries, and mature stands of Eastern hemlock that stretch up to 100 feet high. With support from area residents (through the hard work of the Parker Pond Association) and the Land for Maine's Future Program, the KLT was able to secure the funds needed to complete the headlands purchase. KLT plans to donate a conservation easement on the land to the Parker Pond Association, ensuring that future management of the land protects water quality and prevents subdivision or development.

Fishing is typical of most lakes it's size. It has a healthy population of Bass and is managed by the state for Brook Trout. Some Salmon still remain in the lake from past stocking programs.

The lake is sensitive to environmental changes as it has a VERY low flushing rate (0.7/yr). Nutrient loading in the form of phosphorus from over development or improper shorefront buffers in a very real threat to the pristine condition of this lake.