Lake Panorama is a census-designated place located in Cass Township and Victory Township in Guthrie County, Iowa, United States. In the 2020 census the population was 1266.

It is located in east-central Guthrie County and is bordered to the southeast by the city of Panora. The CDP is a residential community on both sides of Lake Panorama, a reservoir constructed on the Middle Raccoon River.

According to the U.S. Census Bureau, the Lake Panorama CDP has a total area of 8.3 square miles (21.5 km), of which 6.6 square miles (17.1 km) are land, and 1.7 square miles (4.3 km), or 20.19%, are within Lake Panorama, the water body.

Historical population

Census	Pop.	Note	%±
2010	1,309		—
2020	1,266		−3.3%
U.S. Decennial Census

As of the census of 2020, there were 1,266 people, 588 households, and 411 families residing in the community. The population density was 191.5 inhabitants per square mile (73.9/km). There were 1,140 housing units at an average density of 172.4 per square mile (66.6/km). The racial makeup of the community was 97.1% White, 0.2% Black or African American, 0.1% Native American, 0.0% Asian, 0.0% Pacific Islander, 0.6% from other races and 2.1% from two or more races. Hispanic or Latino persons of any race comprised 0.8% of the population.

Of the 588 households, 13.6% of which had children under the age of 18 living with them, 66.5% were married couples living together, 3.1% were cohabitating couples, 16.5% had a female householder with no spouse or partner present and 13.9% had a male householder with no spouse or partner present. 30.1% of all households were non-families. 27.6% of all households were made up of individuals, 17.2% had someone living alone who was 65 years old or older.

The median age in the community was 57.8 years. 16.4% of the residents were under the age of 20; 2.4% were between the ages of 20 and 24; 14.1% were from 25 and 44; 32.8% were from 45 and 64; and 34.4% were 65 years of age or older. The gender makeup of the community was 48.1% male and 51.9% female.

The Annual Merryman Broomball Tournament is a broomball tournament that takes place annually between December and February on Lake Panorama, Iowa.