The highest waterfall in the Czech Republic, with a height of 148 m, is rocky in several steps, from the edge of the Pančavská louka to the bottom of the Labský valley. It is located in the Giant Mountains National Park, about 1 km south of the Labská bouda.
Pančavský Waterfall is one of the most impressive waterfalls in the Krkonoše Mountains. It is a typical cascade waterfall. It has four main steps that have a height of 36 m, 39 m, 23 m and 20 m. The width of the waterfall varies according to the amount of water flowing. It is located between 4 and 8 m. You will find it 1 km south of Labská bouda, Pančavský potok. At the waterfall there is the so-called Ambrož's viewpoint, from which there is a nice view of Labský důl, Goat ridges, Kotel and Lysá hora. This is a typical waterfall created on the side wall of the glacial valley.