Chile’s second largest lake has a spectacular setting below the Osorno and Calbuco volcanoes, fringed by black sand beaches and inland wildernesses. The lake’s tranquil, deep-blue waters are perfect for swimming, sailing, canoeing and water skiing, while its rich fish stocks make it an angler’s Mecca. It is largely surrounded by national parks featuring a diversity of flora and fauna, but dotted between these swathes of nature are quaint historical towns with exquisite views and beautiful beaches. Lake Llanquihue’s most enticing towns include Puerto Octay, Puerto Varas and Frutillar, with their pristine sandy shores and distinctive German architecture - a legacy of their colonial founders.