Panama Lake   Be the first to submit input for Panama Lake. If you have info on Panama Lake, Montgomery County, Illinois please submit it here to improve this web site.          These outdoors activities are available near Panama Lake.   Lakes Near Panama Lake: Lake Glenn Shoals, Montgomery County, 9 miles away Coffeen Lake, Montgomery County, 9 miles away Governor Bond Lake, Bond County, 10 miles away Lake Lou Yaeger, Montgomery County, 10 miles away   Marinas On or Near Panama Lake: Lake Glenn Shoals Marina, Hillsboro, 8 miles away Governor Bond Lake Marina, Greenville, 10 miles away   Camp Grounds Near Panama Lake: Sherwood Forest Campground, Hillsboro, 6 miles away Indian Grove Campground, Coffeen, 10 miles away   Hotels Near Panama Lake: Super 8 Greenville, Greenville, 12 miles away Americas Best Value Inn/Litchfield, Litchfield, 12 miles away Econo Lodge & Suites, Greenville, 12 miles away Sleep Inn & Suites Greenville, Greenville, 13 miles away Comfort Inn & Suites Greenville, Greenville, 13 miles away   Ski Areas Near Panama Lake: Hidden Valley, Missouri, 83 miles away       250 foot drop, 6 lifts, 9 runs