Just inside the channel, to the north, and just north of the Coast Guard Station, is Horseshoe Pond. Houseboats float in Horseshoe Pond throughout the year. Horseshoe Pond is about 6 feet deep. Misery Bay is located just west of Horseshoe Pond and north of Perry's Monument. It is named for the hardship suffered by the sailors under the command of Commodore Oliver Hazard Perry during the winter of 1813-14 immediately following the Battle of Lake Erie.
Misery Bay is a popular fishing spot.
The walls along the monument side are concrete. It is about 9 feet deep. The Presque Isle Canoe and Boat Rental is located in the Grave Yard Pond just west of Misery Bay. The western end of the lagoons empties into Marina Lake, where the Presque Isle Marina is located. The lagoons area is an interesting and tranquil place.