The Park of the Reserve or the Parque de la Reserva in Spanish is a park located in downtown Lima, in Peru. Built in an irregular shape, it is located between two of the city's principal streets, the Paseo de la Republica expressway and Arequipa Avenue. It has an area of eight hectares and is built in a neo-classical style.

The park was designed by the French architect Claude Sahut and is home to many sculptures built by Peruvian artists. Before construction, the land on which it is located belonged to the nearby Park of the Exposition. In 1926 construction was commenced as ordered by the president Augusto B. Leguía. It was named of the Reserve in honor of the last soldiers who fought in the battles of San Juan and Miraflores. The park was completed in 1929.

"Magic Water Tour" (El Circuito Mágico del Agua)

The Magic Water Tour, inaugurated July 26, 2007, currently comprises the property of the Park of the Reserve. It was part of a series of projects completed by the mayor of Lima, Dr. Luis Castañeda Lossio at a cost of $13 million dollars. The project was criticized because of its costs and design, and that it constituted a complete renovation of a historically significant park. Additionally, others criticized the charging of entrance fees to a public place (S/.4.00 for ages 5 and above, as of Jan 2011).

Proceeds from this entrance fee were once being used to renovate the Municipal Theatre of Lima, which has since been reopened. By March 1, 2008, the tour received its two millionth visitor.

The Magic Water Tour is currently the world record holder for the largest fountain complex in the world, consisting of 13 distinct fountains, many of which are interactive. All of the fountains are lighted at night, many with continuously changing color schemes. The largest fountain in the Park of the Reserve, named "Magic Fountain" ( Fuente Mágica) contains a jet which forces water to a height of over 80 meters (more than 260 feet).

Additional attractions are the Tunnel Fountain of Surprises ( Fuente Túnel de las Sorpresas), a 35 m walk-thru tunnel of water ; the Children's Fountain (Fuente de los Ninos), a walk-in automated fountain; and a tunnel connecting the two sections of the park which contains an exhibition highlighting recent public works projects in Lima.

The Fantasia Fountain ( Fuente de la Fantasia), site of a regularly scheduled laser and picture show, is 120 m in length and contains jets that are synchronized to music.

With this park the Lima municipal government has transformed a dusty park on the edge of the downtown area into a delightful tour of dancing water and lights — more than a dozen fountains send water shooting into the air, choreographed to music and light. The Magic Water Circuit ( Circuito Mágico del Agua) is one of the city's newest attractions, a delight for both locals and tourists. The fountains are open from 4:00 pm until 10:00 pm, but it's best to go at night after the sun has set to really appreciate the laser light show. Admission is $1.50.