Sheepscot Pond (also called Sheepscot Lake) is the third-largest lake in Waldo County, Maine. It is in the township of Palermo, on the western edge of Waldo County. The lake has a maximum depth of 150 feet with well-oxygenated water. It contains more than 20 species of fish, and has historically been stocked with salmon, lake trout, and brook trout. Attempts have been made to limit the lamprey eel population by closing the Alaskan Steep-Pass fishway to anadromous fish during their spawning migrations. The lake provides water for the Palermo Fish Cultural Station.