Romantic Zone & El Centro
The original settlers in Puerto Vallarta resided on both sides of Rio Cuale known as El Centro on the north side and Old Town or the Romantic Zone on the south side. There are a few small condominium projects currently under construction in the Romantic Zone area but virtually no residential communities.
Located above El Centro is Gringo Gulch, the very first neighborhood to be built in the 1960’s after the filming of “Night of the Iguana”. In fact, Richard Burton and Elizabeth Taylor had their famous hideaways in this neighborhood overlooking the Guadalupe Church and the downtown Malecon or beachfront walkway. There is virtually no land available in this area, however there are opportunities to restore and upgrade existing homes in Gringo Gulch. All lots in this area are small and therefore the houses have been built up as opposed to out, i.e., there are plenty of steps in every house and the streets are narrow and rough. However, if you’re interested in seeing and hearing everything going on in town, Gringo Gulch is for you.
There are no condos worth mentioning in the El Centro area as it is now 100% commercialized, however there are a few minor projects and a single major new condominium project under construction in Old Town, located near the Rio Cuale, on the last available piece of prime waterfront property. This project called Residencias Molino de Agua will include 110 luxurious and spacious condos on Los Muertos Beach, where there is plenty of action. With the Malecon just outside the condo complex, everything is within walking distance. These three bedroom, three bath luxury waterfront condos in the Romantic Zone will sell for close to a million dollars each.
In summarizing, for the most part, there really is nothing of significant interest in the way of residential property in either the Romantic Zone or El Centro to the majority of baby boomers considering retirement in the Vallarta area.