Phansad Wildlife Sanctuary was created to preserve some of the coastal woodland ecosystem of the Western Ghats and consists of forest, grasslands and wetlands. The sanctuary is rich in flora and fauna. The forest types are semi-evergreen, evergreen , Mixed deciduous and dry deciduous forests. The area was once part of the hunting reserves of the princely state of Murud-Janjira. There are four main trails through the sanctuary that takes in the main waterholes, Gunyacha Maal, Chikhalgaan and Phansadgaan, that are some of the best places to see wildlife. The Sacred Groves is located near Supegaon. Pockets of open grassland, called mals, occur throughout the sanctuary.
The sanctuary has a small population of Indian giant squirrel which is fragmented from the Western ghats. The fauna include 16 species of mammals, 62 species of birds, 17 reptiles, 47 incests and 27 marine invertibrates. The White-rumped vulture (Gyps bengalensis) which is noted as critically endangered is also found in the sanctuary. The forest on the top hill of the sanctuary are evergreen which include mostly Anjan (Memecylon umbellatum), Phansada (Garcinia talbootii) while those on the slopes are dry deciduous which include ain, kinjal, teak, hirda, jamba, mango, and various ficus. The sanctuary has 710 species of Plants which include 179 species of trees, 66 shrubs and 141 herbs