Cachoeira do Bom Despacho is a waterfall located in Santa Cruz de Minas, Minas Gerais, situated between the historic towns of Tiradentes and São João del Rei.

It lies along the Caminho Velho da Estrada Real — also known as the Caminho do Ouro — the original colonial route used to transport gold and other riches, and sits within the environmental protection zone known as APA São José.

The falls are reached by a trail that passes over rocks, some of which can be slippery, and the pools at the base are noted for exceptionally clear water.

As part of the broader Estrada Real heritage corridor, the site draws visitors interested in both natural scenery and colonial history.

Like many waterfalls in the region, it is vulnerable to drought; a severe dry spell in 2024 caused it to stop flowing entirely, sharply reducing visitation.