Cerro Lambaré, Volcanic hill in Asunción, Paraguay.

Cerro Lambaré is a volcanic rock formation on the bank of the Paraguay River in the Jukyty neighbourhood of Asunción, reaching 156 metres above sea level. It belongs to the Ybytypanemá range, together with the hills of Tacumbú, Ñemby and Yaguarón. Its summit holds the Monument to Victorious Peace, a lookout with a tapered concrete structure split by a vertical gap, bronze figures on its faces and a dark slatted bench on the platform in front.

The Monument to Victorious Peace on the summit was inspired by the Valley of the Fallen, which dictator Alfredo Stroessner had seen in Spain. The Paraguayan government contacted Juan de Ávalos y Taborda, one of Francisco Franco's architects; he arrived in 1976 to survey and design, and works he directed began in 1979 and were completed in 1982, with the monument founded on 28 April of that year. The statue of Stroessner was removed on 7 October 1991 by mayor Carlos Filizzola.

The Monument to Victorious Peace crowns the summit, featuring a sculpture of an indigenous chief holding an image of the Virgin Mary, designed by Spanish architect Juan de Ávalos and inaugurated in 1982.

Visitors can access the hill via established roads and trails from the Jukyty neighborhood, with guardians maintaining security and controlling entry to protect the 12-hectare natural reserve.

The hill serves as a critical ecological corridor protecting endangered species like the incense tree and houses 110 different bird species including macaws that use the area in their regular flight circuits.