Tourism sector plays a very important role in the community’s economic development. The important aspects in a successful tourist village development are, among others, public participation and collaboration between stakeholders. The sustainability of tourist village needs strategy. This research aims: 1) to describe the condition of Embung Setumpeng tourist object; 2) to analyze the role of stakeholders in managing Embung Setumpeng tourist object; and 3) to formulate the strategy of developing Embung Setumpeng tourist object. This research used a qualitative method with case study approach. This research was carried out in Gentungan Village, Gondangrejo Sub District, Karanganyar Regency. The methods of collecting data used were documentation, observation, and interview. The informants of research included initiators and activists of tourist village, administrators of Tourism-Conscious group (Pokdarwis), administrators of Apem, visitor and sellers. The result shows that: 1) Embung Setumpeng tourist object affects the people and the environment positively but the number of tourists visiting this object decreased due to Covid-19 pandemic 2) the development of Embung Setumpeng needs the roles of community, government, and private; and 3) strategy in developing tourist village includes the improvement of facilities in Embung Setumpeng tourist object, of Pokdarwis members’ capacity, promotion and social network.