Paugus Bay is a 1,227-acre water body located in Belknap County in the Lakes Region of central New Hampshire, United States, in the city of Laconia. A short channel at its north end connects it with Lake Winnipesaukee in the village of Weirs Beach, and a dam on its southern end separates it from Opechee Bay in the village of Lakeport. The ba…Paugus Bay is a 1,227-acre water body located in Belknap County in the Lakes Region of central New Hampshire, United States, in the city of Laconia. A short channel at its north end connects it with Lake Winnipesaukee in the village of Weirs Beach, and a dam on its southern end separates it from Opechee Bay in the village of Lakeport. The bay is named after Chief Paugus, who fought in the Battle of Pequawket during Dummer's War. The 19th-century construction of the dam in Lakeport raised the elevation of Paugus Bay to that of Lake Winnipesaukee. Water flowing out of Paugus Bay travels down the Winnipesaukee River to the Merrimack River.