In 1444 the counts of Masino sold their county to Giacomo I Valperga, who granted in 1480 the communal Statutes, signed by Antonio Gallitia and Antonio Alberti as representatives of Caravino. In the first half of the 16th century the place followed the destiny of the Savoy territories in Piedmont, and was invaded by the Spaniards and French until the 1559 treaty of Chateau Cambresis brought back peace for a time to Italy.
In 1626 the terrible plague (the same described in Manzoni's The Betrothed) decimated the town and whole families were wiped away. The 18th century saw also wars for the egemony on the area between France and Savoy, and between 1800 and 1814 under the Napoleonic rule Caravino was a Justice center (Department 109) for the area of the Dora Riparia.
In 1929 the communes of Caravino, Masino and Cossano were unified with the name of Comune of Masino, then in 1949 Caravino became a Comune and Masino its frazion