This cache doesn't get found very often and I've cammoed it in an unique way to prevent it from taken on water. Don't worry about re-wrapping it. I'll take cache of that.
The cache is not located at the given coords. However, that would be a great place for a cache but swimming, wading, and boating are not allowed in that lake. Just solve the puzzle for stage one of a two stage multi and you've got it made.