Tycoon Lake lies between State Route 325 and State Route 554, approximately five miles northeast of Rio Grande. From State Route 325, access to the area is gained by Township Road 21 (Eagle Road). From State Route 554, access is provided off Township Road 20 (Vaughn Road) and County Road 17 (Tycoon Road).
The lake has numerous parking areas, excellent shoreline access, one boat ramp, primitive camping, and a wheelchair-accessible pier. The lake is weedy along the bank, and several coves are covered with thick growths of lily pads. White amurs have been introduced to control weed growth. If they are caught, they are to be immediately released. Visibility is normally 4 to 5 feet. The average depth is 6 to 9 feet at the deepest. The lake contains endless stump fields, and fishing at night can be hazardous to your electric motor. Impounded by damming a lowland swamp, all timber was left in the lake. Fish of Interest for Anglers; Largemouth bass, Bluegill, Channel catfish (stocked during alternate years) and Crappie.