Location: on Hwy. 231 South of Cloverdale to Owen County Road 1050N; turn west (right) and follow the signs. It's not too hard to find, really.
Description: Its a waterfall and then another waterfall, running over a limestone bed; the walls are hollowed out behind the falls, you can walk out behind the water; lots of wading fun and climbing around. The best picnic spot you could ever imagine, a perfect day trip when you dont want to do too awful much. I've found fossilized wood here; there may be some other fossil hunting to be done. The recreation area isn't much unless you want to fish or boat. There is a Nature Conservancy Purchased woods (Cataract Lake) here also.
Nearby Points of Interest: Lieber State Recreation Area, Owen-Putnam State Forest, McCormicks Creek State Park .
Cautions: Its quite a drop off either one of the falls and nothing much to land on but rock. Watch your step and stay away from the edge (I know you cant resist, but I feel obligated to mention it).
Ownership: Indiana Dept. of Natural Resources
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