It was originally the site of the Rocky Mountain Mining Company, an open cut sluice operation during the mid 1800s and the early 1900s, during the town's gold rush era. In the 1920s the area was created into a recreational lake and reserve for the residents and visitors of Beechworth.
Recent extensive work has been undertaken to provide walking trails throughout the reserve along with an adventure playground for children at the Sandy Beach swimming area.
The Murray to the Mountains Rail Trail passes through the reserve, with the lake providing the perfect resting point for weary legs.
Facilities include two electric barbecues, picnic tables and seating, walking tracks and a children's adventure playground.