Since the mid-1880s, Peel Island has had a significant history and place in Moreton Bay. Now it is enjoyed by many locals and visitors, but is accessible only by watercraft. Dugongs, turtles and dolphins frequent the waters around the island. Often there are thousands of jellyfish following the currents, and sharks are also known to like these waters.
Horseshoe Bay, with its sandy beach, attracts many boating visitors. It is a popular overnight anchorage, considered by many sailors to be Moreton Bay's best shelter from northerly winds. Kayakers also come for overnight stays. The island is known for its natural beauty, with bird and animal life undisturbed from the pollutions of modern times. Up to 74 bird species have been identified.
In 2007, the island was declared as Teerk Roo Ra National Park and Conservation Park. There are limited facilities on Peel Island, but there is a toilet block. Tracks used when the site was a leper colony can be followed across the island. A highlight is the old leper colony town on the north-west of the island. Harry Atkinson Artificial Reef has been constructed north of Peel Island.
*Updated November 2013