The village of Masarè stands largely on the rubble of the 1771 landslide;
the village overlooks the end of the lake and, as early as the early twentieth century, numerous hotel facilities flourished on its shores, followed by some craft activities: a bakery, three sawmills, an embroidery factory, a sculpture studio, a brewery a carpenter's shop.
Masarè was hard hit by the 1966 flood that destroyed some houses, a sawmill and the Albergo Stella Polare swallowed and dragged downstream by the force of the waters. Trails to the Ru de Col Aut Waterfall and to Val Civetta start from Masarè. The Waterfall, interesting for its two consecutive jumps of water, is easily reached with a short walk from the Pian Grant locality.
Also from this point it is possible to continue with arduous ascent passing through Casera Ciesamata until reaching Val Civetta and following, Rifugio Tissi, a decidedly challenging route full of fantastic views. Masarè is home to the 19th-century Villa Paganini Ruspoli, known for its fine wood-carved furnishings and Art Nouveau frescoes.
It was the summer residence of Engineer Paganini and his wife, Princess Elena Ruspoli of Rome.
