From Ouray or Silverton you take US550 and follow GPS and its a spot easy to miss as the lake is hidden below trees and can't be seen from car even though its really close to the side of road. There are nice pull out areas here on the highway to stop.
Photo Spot Details
The lake is beautiful for both Sunrise and Sunset to get a nice reflection of the red mountains. The water is still early in the morning as my shot. I used Tripod on 24mm f/8 and about a sec of exposure. You have to walk 50 feet in the trail to get this composition on a wide angle. If you stay close to the road then you get different perspective of this area too. Just be careful and watch out for wildlife during early hours. Warm clothes are always recommended during sunrise and sunset. The whole Million Dollar highway location is so beautiful to drive and with scenic passes all along the way. I hope you enjoy this spot as much as I did.
Another shot after sunset and close to Moonset from the same location.