diff --git a/NotFoundRoute.js b/NotFoundRoute.js
new file mode 100644
index 0000000000..76f2d6950c
--- /dev/null
+++ b/NotFoundRoute.js
@@ -0,0 +1 @@
+module.exports = require('./modules/components/NotFoundRoute');
diff --git a/examples/master-detail/app.js b/examples/master-detail/app.js
index e6f1cbc289..b5df96dfe6 100644
--- a/examples/master-detail/app.js
+++ b/examples/master-detail/app.js
@@ -5,6 +5,7 @@ var Route = Router.Route;
 var DefaultRoute = Router.DefaultRoute;
 var Routes = Router.Routes;
 var Link = Router.Link;
+var NotFoundRoute = Router.NotFoundRoute;
 
 var api = 'http://addressbook-api.herokuapp.com/contacts';
 var _contacts = {};
@@ -114,6 +115,7 @@ var App = React.createClass({
           <ul>
             {contacts}
           </ul>
+          <Link to="/nothing-here">Invalid Link (not found)</Link>
         </div>
         <div className="Content">
           {this.props.activeRouteHandler()}
@@ -247,8 +249,8 @@ var routes = (
   <Route handler={App}>
     <DefaultRoute handler={Index}/>
     <Route name="new" path="contact/new" handler={NewContact}/>
-    <Route name="not-found" path="contact/not-found" handler={NotFound}/>
     <Route name="contact" path="contact/:id" handler={Contact}/>
+    <NotFoundRoute handler={NotFound}/>
   </Route>
 );
 
diff --git a/index.js b/index.js
index c2bb0391bd..b6a70293e2 100644
--- a/index.js
+++ b/index.js
@@ -2,10 +2,11 @@ exports.ActiveState = require('./ActiveState');
 exports.AsyncState = require('./AsyncState');
 exports.DefaultRoute = require('./DefaultRoute');
 exports.Link = require('./Link');
+exports.NotFoundRoute = require('./NotFoundRoute');
 exports.Redirect = require('./Redirect');
 exports.Route = require('./Route');
 exports.Routes = require('./Routes');
 exports.goBack = require('./goBack');
+exports.makeHref = require('./makeHref');
 exports.replaceWith = require('./replaceWith');
 exports.transitionTo = require('./transitionTo');
-exports.makeHref = require('./makeHref');
diff --git a/modules/components/NotFoundRoute.js b/modules/components/NotFoundRoute.js
new file mode 100644
index 0000000000..1da81ff389
--- /dev/null
+++ b/modules/components/NotFoundRoute.js
@@ -0,0 +1,13 @@
+var merge = require('react/lib/merge');
+var Route = require('./Route');
+
+function NotFoundRoute(props) {
+  return Route(
+    merge(props, {
+      path: null,
+      catchAll: true
+    })
+  );
+}
+
+module.exports = NotFoundRoute;
diff --git a/modules/components/Routes.js b/modules/components/Routes.js
index 44d1188587..2361c40d45 100644
--- a/modules/components/Routes.js
+++ b/modules/components/Routes.js
@@ -143,7 +143,7 @@ var Routes = React.createClass({
    *                               { route: <PostRoute>, params: { id: '123' } } ]
    */
   match: function (path) {
-    return findMatches(Path.withoutQuery(path), this.state.routes, this.props.defaultRoute);
+    return findMatches(Path.withoutQuery(path), this.state.routes, this.props.defaultRoute, this.props.notFoundRoute);
   },
 
   /**
@@ -218,14 +218,14 @@ var Routes = React.createClass({
 
 });
 
-function findMatches(path, routes, defaultRoute) {
+function findMatches(path, routes, defaultRoute, notFoundRoute) {
   var matches = null, route, params;
 
   for (var i = 0, len = routes.length; i < len; ++i) {
     route = routes[i];
 
     // Check the subtree first to find the most deeply-nested match.
-    matches = findMatches(path, route.props.children, route.props.defaultRoute);
+    matches = findMatches(path, route.props.children, route.props.defaultRoute, route.props.notFoundRoute);
 
     if (matches != null) {
       var rootParams = getRootMatch(matches).params;
@@ -248,11 +248,13 @@ function findMatches(path, routes, defaultRoute) {
   }
 
   // No routes matched, so try the default route if there is one.
-  params = defaultRoute && Path.extractParams(defaultRoute.props.path, path);
-
-  if (params)
+  if (defaultRoute && (params = Path.extractParams(defaultRoute.props.path, path)))
     return [ makeMatch(defaultRoute, params) ];
 
+  // Last attempt: does the "not found" route match?
+  if (notFoundRoute && (params = Path.extractParams(notFoundRoute.props.path, path)))
+    return [ makeMatch(notFoundRoute, params) ];
+
   return matches;
 }
 
diff --git a/modules/stores/RouteStore.js b/modules/stores/RouteStore.js
index 26dae5bd94..15ba3b289b 100644
--- a/modules/stores/RouteStore.js
+++ b/modules/stores/RouteStore.js
@@ -48,13 +48,17 @@ var RouteStore = {
       props.name || props.path
     );
 
-    // Default routes have no name, path, or children.
-    var isDefault = !(props.path || props.name || props.children);
-
-    if (props.path || props.name) {
+    if ((props.path || props.name) && !props.catchAll) {
       props.path = Path.normalize(props.path || props.name);
-    } else if (parentRoute && parentRoute.props.path) {
-      props.path = parentRoute.props.path;
+    } else if (parentRoute) {
+      // <Routes> have no path prop.
+      props.path = parentRoute.props.path || '/';
+
+      if (props.catchAll) {
+        props.path += '*';
+      } else if (!props.children) {
+        props.isDefault = true;
+      }
     } else {
       props.path = '/';
     }
@@ -85,7 +89,28 @@ var RouteStore = {
       _namedRoutes[props.name] = route;
     }
 
-    if (parentRoute && isDefault) {
+    if (props.catchAll) {
+      invariant(
+        parentRoute,
+        '<NotFoundRoute> must have a parent <Route>'
+      );
+
+      invariant(
+        parentRoute.props.notFoundRoute == null,
+        'You may not have more than one <NotFoundRoute> per <Route>'
+      );
+
+      parentRoute.props.notFoundRoute = route;
+
+      return null;
+    }
+
+    if (props.isDefault) {
+      invariant(
+        parentRoute,
+        '<DefaultRoute> must have a parent <Route>'
+      );
+
       invariant(
         parentRoute.props.defaultRoute == null,
         'You may not have more than one <DefaultRoute> per <Route>'
diff --git a/specs/NotFoundRoute.spec.js b/specs/NotFoundRoute.spec.js
new file mode 100644
index 0000000000..41f8bf7817
--- /dev/null
+++ b/specs/NotFoundRoute.spec.js
@@ -0,0 +1,64 @@
+require('./helper');
+var RouteStore = require('../modules/stores/RouteStore');
+var NotFoundRoute = require('../modules/components/NotFoundRoute');
+var Route = require('../modules/components/Route');
+var Routes = require('../modules/components/Routes');
+
+var App = React.createClass({
+  displayName: 'App',
+  render: function () {
+    return React.DOM.div();
+  }
+});
+
+describe('when registering a NotFoundRoute', function () {
+  describe('nested inside a Route component', function () {
+    it('becomes that Route\'s notFoundRoute', function () {
+      var notFoundRoute;
+      var route = Route({ handler: App },
+        notFoundRoute = NotFoundRoute({ handler: App })
+      );
+
+      RouteStore.registerRoute(route);
+      expect(route.props.notFoundRoute).toBe(notFoundRoute);
+      RouteStore.unregisterRoute(route);
+    });
+  });
+
+  describe('nested inside a Routes component', function () {
+    it('becomes that Routes\' notFoundRoute', function () {
+      var notFoundRoute;
+      var routes = Routes({ handler: App },
+        notFoundRoute = NotFoundRoute({ handler: App })
+      );
+
+      RouteStore.registerRoute(notFoundRoute, routes);
+      expect(routes.props.notFoundRoute).toBe(notFoundRoute);
+      RouteStore.unregisterRoute(notFoundRoute);
+    });
+  });
+});
+
+describe('when no child routes match a URL, but the beginning of the parent\'s path matches', function () {
+  it('matches the default route', function () {
+    var notFoundRoute;
+    var routes = ReactTestUtils.renderIntoDocument(
+      Routes(null,
+        Route({ name: 'user', path: '/users/:id', handler: App },
+          Route({ name: 'home', path: '/users/:id/home', handler: App }),
+          // Make it the middle sibling to test order independence.
+          notFoundRoute = NotFoundRoute({ handler: App }),
+          Route({ name: 'news', path: '/users/:id/news', handler: App })
+        )
+      )
+    );
+
+    var matches = routes.match('/users/5/not-found');
+    assert(matches);
+    expect(matches.length).toEqual(2);
+
+    expect(matches[1].route).toBe(notFoundRoute);
+
+    expect(matches[0].route.props.name).toEqual('user');
+  });
+});
diff --git a/specs/main.js b/specs/main.js
index 4c6c5cb003..29fa8639a1 100644
--- a/specs/main.js
+++ b/specs/main.js
@@ -3,6 +3,7 @@
 require('./ActiveStore.spec.js');
 require('./AsyncState.spec.js');
 require('./DefaultRoute.spec.js');
+require('./NotFoundRoute.spec.js');
 require('./Path.spec.js');
 require('./PathStore.spec.js');
 require('./Route.spec.js');