Lost lake is a very popular hike located outside of Vail but there are a few great spots around the lake to spend the night at. There are two options to get here, the first is hiking from the main trail head. The hike is short, only about 3 miles or you can drive a back road to cut the hike down to about .5 miles. The back road is very rough and not recommended.
Spots are very primitive and there are only a few dotted around the lake. You will find a nice clearing and a small fire pit made of rocks. As always, check for fire restrictions as this is on forest service land. We found a great spot on the far side of the lake that could easily accommodate 3 or so tents and had a great view of the Gore Range.
Great lake and peaceful place to spend the night. We were the only people out there after the day hikers went home.