New Canaan children have enjoyed fishing and chasing frogs and betrothed couples have had engagement photos taken at the pond, which was designed by the Olmsted Brothers firm in 1914. The pond down the hill on the east side of the main house was also originally a working pond. During the early 20th century when the Laphams lived at Waveny, ice was made from the pond in the winter and stored in an ice house.
The pond rehabilitation has been identified by the Waveny Park Conservancy as a priority project. The pond edge and stone spillways have deteriorated and the pond itself needs to be dredged and relined with stonework. This project truly falls into the "in pertuity"column as it will need an aeration system, which WPC will continue to maintain after completion of the project.