Tropical volcanic islands are biodiversity hotspots where the Critical Zone (CZ) still remains poorly studied. In such steep topographic environments associated with extreme climatic events (cyclones), deployment and maintenance of monitoring equipment is highly challenging. While a few Critical Zone Observatories (CZOS) are located in tropical volcanic regions, none of them includes a Tropical Montane Cloud Forest (TMCF) at the watershed scale. We present here the dataset of the first observatory from the French network of critical zone observatories (OZCAR) located in an insular tropical and volcanic context, integrating a ‘Tropical Montane Cloud Forest’: The ERORUN‐STAFOR observatory. This collaborative observatory is located in the northern part of La Réunion island (Indian Ocean) within the 45.0 km2 watershed of Rivière des Pluies (i.e., Rainfall river) which hosts the TMCF of Plaines des Fougères, one of the best preserved natural habitats in La Réunion Island. Since 2014, the ERORUN‐STAFOR monitoring in collaboration with local partners collected a multidisciplinary dataset with a constant improvement of the instrumentation over time. At the watershed scale and in its vicinity, the ERORUN‐STAFOR observatory includes 10 measurement stations covering the upstream, midstream and downstream part of the watershed. The stations record a total of 48 different variables through continuous (sensors) or periodic (sampling) monitoring. The dataset consists of continuous time series variables related to (i) meteorology, including precipitation, air temperature, relative humidity, wind speed and direction, net radiation, atmospheric pressure, cloud water flux, irradiance, leaf wetness and soil temperature, (ii) hydrology, including water level and temperature, discharge and electrical conductivity (EC) of stream, (iii) hydrogeology, including (ground)water level, water temperature and EC in two piezometers and one horizontally drilled groundwater gallery completed by soil moisture measurements under the canopy. The dataset is completed by periodic time series variables related to (iv) hydrogeochemistry, including field parameters and water analysis results. The periodic sampling survey provides chemical and isotopic compositions of rainfall, groundwater, and stream water at different locations of this watershed. The ERORUN‐STAFOR monitoring dataset extends from 2014 to 2022 with an acquisition frequency from 10 min to hourly for the sensor variables and from weekly to monthly frequency for the sampling. Despite the frequent maintenance of the monitoring sites, several data gaps exist due to the remote location of some sites and instrument destruction by cyclones. Preliminary results show that the Rivière des Pluies watershed is characterized by high annual precipitation (>3000 mm y−1) and a fast hydrologic response to precipitation (≈2 h basin lag time). The long‐term evolution of the deep groundwater recharge is mainly driven by the occurrence of cyclone events with a seasonal groundwater response. The water chemical results support existing hydrogeological conceptual models suggesting a deep infiltration of the upstream infiltrated rainfall. The TMCF of Plaine des Fougères shows a high water storage capacity (>2000% for the Bryophytes) that makes this one a significant input of water to groundwater recharge which still needs to be quantified. This observatory is a unique research site in an insular volcanic tropical environment offering three windows of observation for the study of critical zone processes through upstream‐midstream‐downstream measurements sites. This high‐resolution dataset is valuable to assess the response of volcanic tropical watersheds and aquifers at both event and long‐term scales (i.e., global change). It will also provide insights in the hydrogeological conceptual model of volcanic islands, including the significant role of the TMCFs in the recharge processes as well as the watershed hydrosedimentary responses to extreme climatic events and their respective evolution under changing climatic conditions. All data sets are available at https://doi.org/10.5281/zenodo.7983138.