Pencil Pine Falls is a small waterfall on Pencil Pine Creek within Cradle Mountain–Lake St Clair National Park, Tasmania. The creek drops roughly 10 metres over a wide rocky ledge into a deep pool below.

When water flow is low, the falls can split into two or three separate strands; after heavy rain the full ledge comes alive in a broad, impressive sheet.

The trailhead sits across Cradle Mountain Road from the Lodge shop, and a fully constructed boardwalk leads to a dedicated viewing area. The return walk is approximately 0. 6 kilometres and is considered easy, suitable for families and wheelchair users.

Ancient pencil pine trees line the creek valley, creating a quiet, atmospheric setting. Nearby Pencil Pine Cascades and Knyvet Falls can be visited on the same short outing.