Hi northeron!
If you visit the official Madrid Metro website @
http://www.MetroMadrid.es , then click on "ver plano" to show the map of the metro lines, then click on the LAGO station and then on "ver plano zonal" to see an area map of the station, you'll see it's RIGHT across from the lake. The Batán station is going further away from the lake.
There are a number of terrazas (patio bars) around the lake. I've had a Coke here once and it's kinda nice - a little dusty but nice. I don't think there are any restaurants nearby other than, maybe, push-cart-food.
Anyone else have any other information about this?
Saludos, MadridMan
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