Lake Daylesford sprawls to the south of the town, with the “peace mile” walking trail hugging its perimeter. The elegant Lake House nestles on its eastern shore, with its fine-dining restaurant and country house accommodation one of Victoria’s most exclusive. Also of note is the Hepburn Bathhouse & Spa that has been in operation since 1895 and is today one of Daylesford’s most state-of-the-art spa facilities.