Kankaleshwar Temple is the oldest temple in the destination, which is situated in the middle of a small lake in eastern Beed. Architecture of the temple suggests that the temple dates back to the Yadava period. It is believed that the temple was constructed during the rule of Singhana, from 1210 to 1247.The carvings at the temple resemble those of the Ellora Caves. This temple was completely built in black stone and is carved with human and divine figures. The main festival celebrated here is Mahashivratri, during which fair is organised in the grounds of the temple.