Eildon is a popular tourist destination for inland waterskiers‚ anglers‚ sailing enthusiasts‚ canoeists‚ sailboarders and jet skiers. Eildon Dam‚ constructed in the 1950's‚ created Lake Eildon‚ one of the largest artificial lakes in Victoria and the main storage for the vast Goulburn Irrigation System. Nearly 600 kilometres of shoreline‚ some of it clad in pine forests planted in the 1930's‚ and long arms of water reaching up into the Delatite‚ Goulburn and Big River valleys characterise the lake.
Surrounding the lake is Lake Eildon National Park‚ with over 27 000 hectares of woodlands and forests. Particularly popular with campers‚ the park is home to a diverse range of fanua‚ including Eastern Grey kangaroos and Wedge-tailed eagles.