Lindisfarne is centred on a bay of the same name that is one of many such sheltered anchorages on the Derwent River.

The bay is home to a number of clubs that cater for rowing, sailing and motor-cruising the local waterways.

1905[5] (the club of rowers Scott Brennan and Stephen Hawkins) are all situated on the bay's foreshore.

Lindisfarne has a large recreation park which includes playing fields—home to the Lindisfarne Blues competing in the Southern Tasmanian Football League now known as the SFL and the Lindisfarne Cricket Club competing in the Tasmanian Grade Cricket part of the Tasmanian Cricket Association, tennis courts—home to the Lindisfarne Tennis Club, Beltana RSL Bowls Club links and an ANZAC memorial park, all situated on a bluff overlooking the Derwent River and Mount Wellington.

Lindisfarne is also home to a number of large retirement villages and similar senior-citizen accommodations.