The fishing lodge, which dates from approximately 1832, stands at the bottom of a deep gorge at the confluence of the East Lyn River and Hoar Oak Water. The site has been a tea garden since 1901.
Watersmeet House is the starting-off point for some 40 miles (approximately 65 km) of woodland, streamside and seaside walks. The South West Coast Path is .75 miles (1.2 km) away. The woodland is notable for its endemic species of tree - the "No Parking Whitebeam" (Sorbus admonitor).