The invention provides a fireplace with a lifelike environmental effect and relates to the fireplace. The fireplace comprises a main body, the main body is internally provided with a display cavity, a heating device, a refrigerating device, a light and shadow device and a control system. The main body is provided with a transparent screen matched with the display cavity, the display cavity is internally provided with a middle display panel, a left display panel and a right display panel, the back of the middle display panel is furthermore provided with a reflection screen, the reflection screen is of a ball socket shape, and the reflection screen is internally provided with an upper smoke generation device; and the top of the display cavity is furthermore provided with a plurality of LED light sticks, and the bottom of the display cavity is furthermore provided with lower smoke generation devices. The fireplace has the beneficial effects that the corresponding cold/hot environmental effect can be displayed correspondingly in the refrigerating or heating process so that a gorgeous background can be achieved when the fireplace works, and the grade of a product is improved; and besides, a user can feel warm or cool physiologically and meanwhile obtain a corresponding feeling psychologically, and physical and mental pleasure of the user is promoted.