Riversdale Golf Club holds the distinction of being the second oldest golf club in Melbourne, with a rich and fascinating history. The club's original course was established near the Mont Albert railway station and served its members from 1892 to 1907. When the government decided to repurpose the land for residential development, the club relocated to the Mount Waverley site, at which point it adopted its current name, Riversdale.

The original Mount Waverley design was laid out by Jock Young, a well-known amateur golfer who assisted with laying out several courses around Victoria, including Kew and Portsea. In 1930 the well-known architect Alex Russell was engaged to redesign the course after the railway line bisected it. His layout featured around eight new holes worked into Young's original, plus a new bunkering scheme across all 18 holes.

For the next hundred years the course saw a range of alterations and improvements by various committees, architects and superintendents, including the redesign of some greens, repositioning of bunkers, converting the fairways to couch grass and the creation of a practice fairway. In 2024 OCM were engaged to prepare a new Masterplan for the course, including elements of renovation and the restoration of some of Russell's original concepts, with the hope that construction will commence in 2026.