[citation needed] However the name more likely comes from Lord Spencer, a British statesman at the time the community was settled.

Spencer's Island became an important shipbuilding centre during the latter days of the Age of Sail.

The first large vessel from its shipyards was the Amazon built in 1861 and later to become famous as the Mary Celeste.

[3] The community of Spencer's Island contains a historic lighthouse dating to 1904, a beach, campground and cafe.

A picnic park is located beside the lighthouse and a public boat ramp has also been re-built for small craft to be launched from mid-tide to high tide.