The lagoon itself has a surface of almost 15 hectares and was formed about 10,000 years ago as a crater lake of a currently extinct volcano. Before the Spanish conquest there were several legends among the indigenous people inspired by the lagoon. Pre-Columbian remains have also been found around the lake.
Tiscapa is ten minutes (in car) from the Metrocentro shopping mall, and only five minutes from the Plaza Inter shopping mall. The easiest way of getting there without your own vehicle is by taxi. The thousands of cheap taxis that cruise Managua will all know how to find Tiscapa.
If you are driving yourself go in the direction of the Plaza Inter shopping mall. Right behind it lays the (pyramid shaped) Crown Plaza hotel. The road that leads to the Tiscapa lagoon is next to the hotel.