Located in the Andes, Lake Rivadavia is of glacial origin and occupies a narrow north to south valley between glaciated peaks.

Villa Lago Rivadavia is the only nearby town and is located 3 km (1.9 miles) north of the lakeshore.

The Jara River joins the Lake Rivadavia on the west side near its southern end.

The Rivadavia River and Lago Verde are famous for trout fishing with "turquoise water, Jurassic Park like jungle, and snow-capped peaks."

Rainbow, brown, and brook trout and landlocked Atlantic Salmon are found in the lake and river, all of them introduced rather than native.