Central Vallarta - North (El Centro)
Downtown Central Puerto Vallarta is traditionally divided into three regions: north of the Cuale River (which runs through the middle of the town), south of the Cuale River, and east, which follows the river up the valley . On the north side you'll find the famous Vallarta "Malecon" boardwalk, renovated in 2011, along with a pedestrian bridge along the beach providing easy access to Isla Cuale (an island in the middle of the river) and the south side of town.
There’s no doubt that living in the heart of downtown is attractive for many who move to Puerto Vallarta specifically for the romantic life suggested by walking along the Malecón in El Centro on a sunny Sunday, surrounded by the friendly faces of Mexico. This is where tourism real estate began for Puerto Vallarta, with builders such as Wulff and Romero building homes for gringos on the hills behind the town and along the Cuale River (hence the nickname for this area - Gringo Gulch).
Very traditional homes dot the hillside, offering wonderful views of the town and bay. Along the Malecon, which now stretches from one end of town to the other, there are mostly shops, restaurants and nightclubs, with few homes or condominiums. If you like to be close to the best restaurants and nightlife, this is the place to be. Real estate options here is limited to older homes and very small boutique condominium buildings. Below are links to some properties that are currently listed for sale.
You can't beat the location, as you can walk to most everything, but then most everything can be a little noisy at times as well.