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The lake itself, which has a historic boardwalk that dates back to Wild West days, the Grand Lake Marina and the highest-altitude yacht club in the world, is popular with boaters, waterskiers and anglers and anyone wanting to stay on or near the water. The marina rents many types of boats and paddleboards, and there are sandy spots for beach activities. Each summer, the town hosts the Grand Lake Regatta and Lipton Cup Races.

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In winter, local sports aficionados put away their boats and crank up their snowmobiles. Streets are left packed with snow to accommodate the hundreds of snowmobilers who converge on the town during the winter months, and a vast system of snowmobile trails and the ability to ride right through town keep them coming back. There's also the Grand Lake Nordic Center for snowshoers, cross-country skiers and skate skiers (including rentals) and sleigh rides at Winding River Resort.

Broadway makes its way to the town's impressive Rocky Mountain Repertory Theater and a full calendar of events, including a summer concert series, keeps visitors busy throughout the year.

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