There are good sightseeing places like Pratapgad Fort, Lodwick Point, Elphinstone Point, Kate's Point, Wilson Point, Helen's Point, Badington Point, Falkland Point and Carnac Point. For the pilgrim tourists Mahabaleshwar is an important stopover due to the presence of splendid temples such as Mahabaleshwar Temple and Krishna Temple.
Besides, an excursion from Mahabaleshwar would take you to Panchgani which is a picturesque hill station and is ideal for adventure activities like trekking and hiking.
There is a suicide point and when you see below , it gives a chill in the spine :)
You can get all types of hotels but Rs 700 - 1000 range hotels will be good and some hotels give free breakfast also