The city bills itself as the "Tallest Town in Oregon" because of its elevation, 4802 ft above sea level. Lakeview is situated in the Goose Lake Valley at the foot of the Warner Mountains and at the edge of Oregon's high desert country.
In the summer, the Fremont–Winema National Forest has 22 trails open to mountain bike riders. All those trails and more are available for hiking. The national forest has lakes and streams available for sport fishing. Lakeview is also home to the Lake County Roundup in September.
In the winter, alpine skiers can enjoy their sport at Warner Canyon Ski Area. The ski hill is in the Fremont–Winema National Forest 10 miles (16 km) northeast of Lakeview on Oregon Route 140. Snowmobiles are also popular during winter.
Lakeview is known as one of the best places in North America for hang-gliding and paragliding and was designated "the Hang-Gliding Capital of the West" in 1991. The national championships for hang-gliding were held in Lakeview in 1993, 1997, 2000, and 2008, while the national championships for paragliding were held in Lakeview in 1998 and 2007. For at least two decades, Lakeview hosted the "Umpteenth Annual Festival of Free Flight" over the Fourth of July holiday weekend, sponsored by the Lake County Chamber of Commerce, and various local businesses. This event draws pilots and families globally for hang-gliding and paragliding.
Lakeview is also known for the hot water geyser, Old Perpetual, located just next door where you can enjoy the view right from your site.