An eye treatment apparatus includes a hot and cold eye mask and a recirculating water cooling system. The eye mask includes a water pack to be applied onto human eyes, a thermoelectric cooling device for heating or cooling liquid of the water pack, a heat transfer member interposed between the water pack and one side of the thermoelectric cooling device, and a heat exchanger attached to the other side of the thermoelectric cooling device. The thermoelectric cooling device is configured to heat or cool the water pack through the heat transfer member. The water cooling system includes a water supply container and a conduit connecting the water supply container and the heat exchanger to circulate water from the water supply container to the heat exchanger and to return water from the heat exchanger to the water supply container.