Gypsum Ponds SWA offers public fishing access to Coldwater Lake and Coldwater Stream on 90 acres of state wildlife area along the Eagle River near Gypsum.

The site features designated parking areas, camping facilities, and guide services available; access is open sunrise to sunset (no time restrictions for hunters and anglers).

A valid hunting or fishing license or SWA pass is required for visitors 16 and older, and vessel launching is prohibited.