The track and smaller boardwalk that runs from the eastern end of the Rotorua Lakefront development area to Motutara Point are closed due to damage and washouts.
Rotorua Lakes Council said the boardwalk and track were unsafe to use at this time.
“Please adhere to barriers and signs that will be going up today,” the council said in a statement.
The new lakefront boardwalk is still open for use.
Photos at the lakefront show parts of the boardwalk underwater, as well as lake weed strewn across it.
The warning is in place for the Bay of Plenty west of about Kawerau, including the Rotorua Lakes District, Western Bay of Plenty District and Tauranga City.
Heavy rainfall is expected. 70 to 90 millimetres could accumulate, with peak intensities of 10 to 20mm per hour.
Emergency services are on standby, as Rotorua remains in the firing line of an atmospheric river that has cost lives in the Northern regions of New Zealand.
Yesterday, MetService reported Rotorua saw a third of its average February rainfall before 3pm.
In preparation for the weather expected to hit Rotorua, St John Central South District operations manager Jeremy Gooders said the Major Incident Support team vehicles were on standby.
“We have a Rural Support Officer with a 4WD-capable vehicle also available in Whakatāne to head to East Cape if required.
“We are monitoring the situation closely and will continually reassess resourcing for Tauranga and Rotorua as the weather moves through the region.”
Fire and Emergency Rotorua group manager Brendon Grylls said there had been no weather-related callouts as of 4.30pm on Wednesday, but firefighters were ready to go where they were needed.
“We have got firefighters from Rotorua currently up in the north of the country to support emergency services with the flooding,” Grylls said.
“A number of our firefighters have rafting and water rescue backgrounds, which are some incredible skills.”
At a local level, Grylls said “it’s been about preparation”.
“It’s about making sure we have the appropriate equipment, that our staffing levels are good, we maintain good contact with Tauranga and get constant weather updates.”