The mountain's summit has panoramic views of the city and the Adelaide plains to the west, and of the Picadilly Valley to the east.

It is also popular destination for international tourists, as well as for cyclists coming up the old Mount Barker Road through Eagle on the Hill, and for walkers from Waterfall Gully.

During winter, the mountain regularly receives Hail and Ice sleet, and occasionally small dustings of light snow.

Summit Road, Mt Lofty, was historically one of the best-known addresses in South Australia, with the summer houses of several prominent families being located there.

Note that historically, "Mount Lofty" addresses frequently referred to the area now known as Crafers and to parts of Stirling.

Mount Lofty is the coldest location in the Adelaide area; during winter months the temperature may not exceed 3-4 °C on some days.