Lake Okoboji is one of the best lake vacations for boating, thanks to its depth and striking blue color. Deep water also makes it a coveted location for water sports. Vacationers and locals can be found boating, water skiing, and sailing on the glacier-fed lake. Try something more extreme with parasailing or flyboarding. West Okoboji Lake is also a prime destination for fishing boats. From bluegill to walleye, anglers can be found reeling in major catches. Come off the water on the weekend and catch a free concert at Preservation Plaza, or ride the Ferris wheel at Arnolds Park. Head to Gulf Point State Park to rent a yurt, go hiking or biking, or try geocaching. Fuel up on a hearty brunch from OâFarrell Sisters or grab a beer at Okoboji Brewing Co.