An apparatus and method for providing augmented reality-based realistic experience. The apparatus for providing augmented reality-based realistic experience includes a hardware unit and a software processing unit. The hardware unit includes a mirror configured to have a reflective characteristic and a transmissive characteristic, a display panel configured to present an image of an augmented reality entity, and a sensor configured to acquire information about a user. The software processing unit presents the augmented reality entity via the display panel based on the information about the user from the hardware unit after performing color compensation on the color of the augmented reality entity.