Mount Eliza is located on the coast between the large centres of Frankston and Mornington on the popular holiday destination of the Mornington Peninsula.
The coastline around Mount Eliza consists of jagged cliffs featuring scenic walking tracks above stretches of secluded sandy beaches in small bays and coves below. Access to most of the beaches along the coast is via residential streets which offer small car parks at their end points. Those residential streets feature upmarket dream homes and weekend retreats, many of which have spectacular views along the coast.
The attractive commercial centre of Mount Eliza is located around one kilometre inland along Mount Eliza Way and Canadian Bay Road, and features supermarkets and a number of speciality shops.
The Mount Eliza Regional Park, accessed via Two Bays Road, incorporates the former Moorooduc Quarry and offers views across the surrounding plains. At the southern end of the park is a lake with picnic areas and a playground. The Mornington Tourist Railway, which offers steam train rides, has its Moorooduc station located adjacent to the Mount Eliza Regional Park.