Lake Goldsmith is a 290-acre natural lake with approximately 2 miles of shoreline and a maximum depth of 9 feet. The watershed area surrounding the lake is primarily cropland, with a wooded area and long beach along the southern shoreline. A boat launching area is located across from a corn field.

The lake offers good opportunities for wildlife viewing, particularly water birds. Paddlers can expect to spot pelicans, blue herons, and egrets during their outings. The lake is also home to various fish species including walleye, bluegill, northern pike, black bullhead and yellow perch.

The lake's relatively shallow depth and small size make it manageable for paddlers, though its open exposure to cropland means wind conditions should be considered when planning trips. The lake's natural characteristics as a glacial lake provide an interesting backdrop for paddling excursions.

Basic amenities are limited, so paddlers should plan to bring all necessary supplies. The lake's rural setting and agricultural surroundings create a quiet atmosphere away from heavy development. With its combination of accessible size, wildlife viewing opportunities, and natural shoreline features, Lake Goldsmith offers a straightforward paddling experience suitable for exploring the prairie lake environment of eastern South Dakota.

Note that the lake is primarily used for fishing, so paddlers should be aware of other watercraft and fishing activity, particularly during peak seasons. Standard South Dakota boating regulations apply to all watercraft on the lake.