For nature and sports lovers in Panicale surroundings there are many paths for walking, cycling or riding on horseback.
A few km from the village there is Tavernelle Water Park.
Moreover, not further from the village there are many circuit paths of Biking in Umbria and trails of the Regional Ippovia
With a short but steep walk of about 30 minutes you can reach Monte Petrarvella, the highest mountain which is located near Panicale.
From the top you can enjoy an overlooking view on Trasimeno Lake on the north and on Nestore valley on the south-east. You can also catch sight of Perugia and Assisi.