This cache is located on the new Lily Lake Trail, which goes from Lily Lake to the Angora Lake parking lot. It features spectacular views of Fallen Leaf Lake and Lake Tahoe in the background. The Lily Lake Trail starts at the SW corner of the bridge at the Lily Lake parking lot (N 38°52.5916' W 120°04.7637'). Since it is a new trail, this starting spot may not yet be labeled with a sign.
This particular spot has a spectacular view of Fallen Leaf Lake, with Lake Tahoe in the background (see photo). Bring your camera or smartphone.