Cachoeira Rio dos Bugres is one of the most impressive waterfalls in the Serra Catarinense, located in the municipality of Urubici, Santa Catarina.

Fed by springs originating in the Campo dos Padres plateau, the water plunges approximately 218 meters — a height confirmed by a canyoning team in 2018 — down sheer rock walls enclosed by largely untouched native vegetation.

A cave is hidden behind the curtain of water, and a natural pool forms at the base where swimming is possible on warmer days. The waterfall sits on private property roughly 27 km from the center of Urubici.

Access follows Rodovia SC-370 to the community of Santo Antônio, then continues along a dirt road with steep grades and several stream crossings.

The rugged terrain favors high-clearance or 4×4 vehicles, and the site draws primarily experienced hikers and adventure enthusiasts.

The name Rio dos Bugres traces back to the Kaigang indigenous people, historically called "bugres," who once inhabited the valley below the falls.