The Reserve holds the largest area of remnant vegetation on the Bellarine Peninsula and contains the most extensive example of Wilsonia herblands and Distichlis grasslands in Australia.
Part of LCSWR is designated a State Game Reserve and is available for duck and quail hunting each year.
Campbell Point protrudes into Lake Connewarre and contains the oldest dated Aboriginal archaeological remains on the Bellarine Peninsula.
The deposits have been dated at between 3600 and 5200 years old and are considered significant for their demonstration of shellfish gathering which was uncommon on the central coast of Victoria.
Twelve plant and animal species are listed as threatened under Victoria's Flora and Fauna Guarantee Act 1988 including the orange-bellied parrot.