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Late Tuesday night, deputies identified the woman as 19-year-old Annalisa Christine Schulze of the 7100 block of Avborough Court in Wake Forest.
The sheriff's office is investigating her death as a homicide.
Authorities said some men riding ATVs in the area shortly before 5:30 p.m. thought they saw a swimmer in the lake. When they got a better look, they realized the woman's body was floating and called authorities.
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Schulze's body has been sent to the Medical Examiners Office.
Deputies found a tent and camp site nearby, but haven't said whether they are connected to the incident.
The case remains under investigation.