Puerto Octay

The story goes that a German merchant named Ochs set up shop in this tidy community on the northern tip of Lago Llanquihue. A phrase uttered by customers looking for a particular item, "¿Ochs, hay..? " ("Ochs, do you have..? "), gradually became "Octay." With spectacular views of the Osorno and Calbuco volcanoes, the town was the birthplace of Lake District tourism: a wealthy Santiago businessman constructed a mansion outside town in 1912, using it as a vacation home to host his friends. (That structure is now the area's famed Hotel Centinela.) Puerto Octay doesn't have the frenetic energy of neighboring Frutillar and Puerto Varas, but its many fans enjoy its less-frenzied, more-authentic nature.