Arguably the most appealing base along the shore of Lago Llanquihue, PUERTO VARAS is a spruce little town with wide streets, grassy lawns and exquisite views of two volcanoes, Osorno and Calbuco, particularly at sunset. Like Pucón, the reason you come to Puerto Varas is because it’s a prime location for all manner of outdoor activities, with volcanoes, rivers and forests throwing down a gauntlet that few outdoor enthusiasts can refuse.

The town’s German colonial architecture gives it a European feel, and notable early twentieth century private residences include Casa Kuschel, on Klenner 299 (1910), Casona Alemana (1914) at Nuestra Señora del Carmen 788 and Casa Angulo (1910) at Miraflores 96.