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According to the Northern Wake Fire Department, three men were in a canoe when it flipped around 5:20 p.m. Sunday ejecting all three into the water.
Two men were rescued by private boat. Crews found the third man's body around 10:15 p.m. after hours of searching.
The man has been identified as 35-year-old Dimitrio Lopez-Perez.
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Jonathan Hans with the Northern Wake Fire Department is warning folks who plan to go out on the water to take precautions.
"When people come out here and they're not prepared, if they're not strong swimmers, again, if they don't have personal flotation devices or life jackets, these things can occur," Hans said.
The investigation into the accident is ongoing.
It was the second drowning reported on a lake Sunday.
Chatham County authorities recovered the body of a man who drowned while boating and swimming.