There is a small Narasimha temple here, which has many legends associated with it. A fair is held every year on the full moon day during the Pushya (December - January) month. Thousands of devotees congregate at this island on this particular day to offer prayers. An old fort is there on this picturesque island.

Kurumgad Island can be reached by travelling by ferry from Sadhashivgad Boat Jetty on the backwaters of River Kali at Karwar. This island is 1 km from Devbagh Beach, which is easily accessible from Karwar.