Waverton is also home to the museum ship Cape Don which is berthed at the old coal loader in Balls Head Bay.
Balls Head Reserve, the bushland peninsula, is a popular picnic destination especially when there are harbour fireworks such as on New Year's Eve.
Its one-way road system also forms part of a favoured route for walkers and joggers, and contains many adjacent bushwalking paths.
Waverton Park, on the banks of Berrys Bay, with views of Sydney Harbour, is another recreation focal point.
[9] The suburb is also home of training ships Cape Don, Sycamore and Young Endeavour berthed at the coal loader facility and HMAS Waterhen respectively.