From 1974 to 1982 Österåker was part of Vaxholm Municipality.
Its location by the Stockholm archipelago, in the Roslagen area, attracts both people who settles here, often commuting to Stockholm, and visiting tourists. Österåker boasts several golf courses, many possibilities for canoeing, horse riding, fishing and other nature activities.
Of the 800 islands and islets, the largest one is Ljusterö, a community of its own covering the eastern side of the mainland, and accessible by car. Easy access is granted by regular ferries, including one old steam ship from 1898. Other major islands are Finnhamn, Husarö and Ingmarsö.
Österåker also has a historical significance, with at least three notable castles from the 17th and 18th centuries, with histories tracing even further back.