About Us

Our Story

Arizona restaurant patioCentrally located in The Valley, we’re the Lakehouse in the city! We are situated on one of the most unique locations in The East Valley. We are locally owned. We’re not part of the neighborhood, we’re your neighbor. Get to know us!

The name, “The Watershed,” gets inspiration from the watersheds of the southwest. John Wesley Powell (yes, the Lake Powell, Powell) defined a watershed as, ‘That area of land, a bounded hydrologic system, within which all living things are inextricably linked by their common water course and where, as humans settled, simple logic demanded that they become part of a community.” That’s what we strive to be: a place where people come together to meet, to eat, to cheers, to sing, to dance, to rekindle, to relax and revel in the moment. We sincerely look forward to hosting you and allowing for a memorable experience.

Group Events

The Watershed is situated on a 52 acre lake with over 4,000 square feet of lakeside patio and a spacious interior that boasts lake views from every seat. We pride ourselves on providing a unique, vacation-like experience in the heart of Tempe. Scratch Cooking, 20 Drafts, Inspired Cocktails, Boat Rides, Games, Flat Screens, Entertainment and ample parking are just a few of the many features you’ll discover that make The Watershed the ideal location to bring your next party, event or fundraiser.

The Watershed’s Party and Events team specializes in Reunions, Business Dinners and Happy Hours, Wedding Receptions/Ceremonies, Rehearsal Dinners, Networking, Fundraisers, Birthdays, Retirements, Showers, Sports Viewing Parties, Graduations and virtually any other reason to bring groups together.

Reserve our Lakeside Lawn Patio, Captain’s Lounge, South Perch, Center Fireplace, Lake Deck, The Bar or book the entire restaurant.

The Fireplace

The Fireplace area is located in the heart of the restaurant bordering our middle covered patio. It’s semi-private, great lake views of the lake, a 72 inch television and an oversized fireplace.

The Lawn

The beautiful lakeside area is easily our most popular outdoor space for larger parties and events. It has soft turf and redwood picnic tables. Occasionally the picnic table are replaced with eight-person table rounds for a little fancier feel.

The Bar

The Bar has arguably the best views in the house. It features six flat screens, a stage, and a fifty-foot long bar. The bar is usually rented out with the lower bar and, in some circumstances, the adjacent Lake Deck.

Darts Patio

The Darts Patio is an additional area adjacent available to both The Lawn and Captains Lounge. It borders The Bay and is great for games like corn-hole, darts and Jenga.

Lake Deck

This lakeside patio is usually reserved for regular restaurant patrons but is conditionally available and often gets rented on days with multiple parties or events.

Captains Lounge

This super chill and private room has couches, tv’s, a pool table/ping-pong table and fireplace. Great for smaller private parties. It’s almost always rented out with The Lawn and Darts Patio for larger functions.

The South Perch

This area is beautifully perched on the interior of the South Shore of The Watershed. With a split level layout, views are everywhere. Two large flat-screen tv’s are available for sports viewing or A/V support.

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5350 S. Lakeshore Dr. Tempe, AZ



Dine-in is closed until further notice. We offer takeout and delivery including wine and beer. We will return to our normal hours and events as soon as possible. We are in this together!
Mondays: Open to Private Parties Only (Call 623-986-9188)
Tuesdays: 11am to 4pm Lunch, 4pm to 8:30pm Dinner
Wednesdays: 11am to 4pm Lunch, 4pm to 8:30pm Dinner
Thursdays: 11am to 4pm Lunch, 4pm to 8:30pm Dinner
Fridays: 11am to 4pm Lunch, 4pm to 8:30pm Dinner
Saturdays: 11am to Close (Kitchen Closes at 8:30pm)
Sundays: 10am to Close (Kitchen Closes at 7pm)

Happy Hours
Tues through Fri — 11am to 6pm
Sunday Drink Specials 10am to 3pm

Spring Events

Saturday Brunch: 11am to 3pm
Sunday Brunch: 10am to 3pm
Boat Tours: Wed through Fri 5pm to 8:30pm, Sat/Sun Noon to Close
Open Mic Night Thursdays: 6pm to 9pm
Live Music Friday: 5:30pm to 8:30pm