North Waldo is the most popular of the Waldo Lake campgrounds. There are 58 sites with fire rings and tables. There is a sanitation station near the campground. The drier environment supports fewer mosquitoes, but they are still plentiful in season so come prepared. The boat launch is somewhat deeper than the others on the lake, which is more accommodating for sailboats.

Waldo Lake is one of the largest natural lakes in Oregon. It offers a uniquely peaceful setting on the water and along remote shorelines, surrounded by forests of Douglas fir and Western Hemlock. Recreation in the area is abundant with the lake an ideal location for water activities like sailing, canoeing and swimming.

North Waldo is a popular starting point for many wilderness trails and lakes, most notably the Rigdon Lakes Trail, Wahanna Trail and the Whig & Torrey Way Trail. The 1-mile Shoreline Trail between North Waldo and Islet provides a short and pleasant hike along the lakeshore.