Eagle Bay is a small town that is also located on Fourth lake and includes a neighborhood full of cabins. The town includes restaurants, a laundromat, and a fire station. The neighborhood of Eagle Bay is a small, quaint place where the homes are on mainly square plots set back in the woods, however some of them are waterfront. There are two community beaches that are accessible to homeowners of the neighborhood, as well as boat slips that are available for purchase with the property.