Only a lake (4)
I believe the answer is:
mere
This clue is a double definition.
'only' is the first definition.
(I've seen this before)
'a lake' is the second definition.
(I know that mere is a type of pond)
(Other definitions for mere that I've seen before include "Pond - pure and simple" , "Lake in Cumbria" , "Paltry" , "Small area of standing water" , "Lake (and nothing else?)" .)