Cascada Inacayal is a short forest hike near the base of Cerro Bayo, useful when you want a real walk without committing to a full mountain day. The path climbs through native woodland to a waterfall tucked into the slope above town.
It is not the most dramatic waterfall in Patagonia, but it earns its place because it is close, quiet, and gives a good feel for the forest around Villa La Angostura.