Bandera Volcano and Ice Cave also known as Zuni Ice Cave, is a lava tube cave. It is located on private property and is opened as a tourist attraction. The volcano last erupted between 9,500 and 10,900 years ago. It is a small volcano and is easily climbed using the trail from the trading post. The land that contains the ice cave which never gets above 31 °F.
The land was purchased by Sylvestre Mirabal in the early 1900s. Mirabal mined the ice in the ice cave to cool the beer in a saloon that he operated. His daughter married into the Candelaria family, which continues to own and operate the ice cave today. Ice mining was stopped in 1946.