The municipality of Lagoa has many recognized natural environments and areas popular with tourists to the island of São Miguel. Its tourist ex-libris is the small resort hamlet of Caloura, nestled along the southern coast and separated from the neighboring community of Água de Alto. Although it does not include a beach, the sheltered coves and volcanic rock bays are popular with locals and tourists for the clear blue-green waters, a natural pool and fisherman's port, as well as a bar and esplanade. The area benefits from a favourable microclimate, that offers visitors the opportunity to swim in the transparent waters of its port which has earned the area a Blue Flag designation. Throughout the year there are diverse cultural events, the most relevant is the Festa do Pescador ("Festival of the Fisherman"), in addition to folklore festivals and nautical themed events, that attract local residents to the village. Access to Caloura is made by an ancillary connection to the regional road in Água de Pau.
