Skagway Reservoir is a 114-acre mountain lake within the Skaguay Reservoir State Wildlife Area near Victor, Colorado. The reservoir operates under wakeless speed restrictions, making it particularly well-suited for canoes and kayaks. Access is available via a designated boat ramp adjacent to the parking area on the southwest shore, where restroom facilities are also provided.

A valid Colorado hunting/fishing license or State Wildlife Area pass is required for all visitors 18 and older. The reservoir sits at an elevation between 8,383 and 9,344 feet, surrounded by scenic mountain terrain offering views of Pikes Peak. The landscape provides frequent wildlife viewing opportunities, with beavers, elk, eagles, and various waterfowl commonly spotted around the water.

The reservoir was created in 1899 by what was historically significant as the nation's first steel-reinforced earthen and rock dam. The dam originally supplied hydroelectric power to nearby mining communities until 1965. Today, Colorado Parks and Wildlife stocks the reservoir with cutthroat and rainbow trout, while northern pike also inhabit the waters.

Dispersed camping is permitted around the reservoir (conditions permitting), though visitors must pack out all trash. Swimming is allowed, but may be restricted based on conditions. The remote location typically means moderate usage levels, though summer can bring increased activity from anglers and recreational users.

Essential facilities include: - Boat ramp - Parking area - Restrooms - Dispersed camping areas

Historical structures include the dam and remnants of the old power infrastructure. The downstream area features the historic Skagway Power Plant ruins, accessible via a challenging 5-mile hiking trail, though this is separate from the paddling area.