All property in Puerto Vallarta is in Mexico’s restricted zone, which is 50 kilometers from the ocean or 100 kilometers from the border. Foreigners are able to purchase property in Puerto Vallarta by placing the property in a bank trust, or “Fideicomiso”.
Fifteen to twenty minutes south of downtown Puerto Vallarta lies the village of Mismaloya. Home to the famous Mismaloya beach, La Jolla de Mismaloya hotel, and the site where The Night of the Iguana was filmed, Mismaloya is well known to most of Puerto Vallarta’s visitors. But there is another side to Mismaloya as well. The residential area in Mismaloya is perhaps one of the prettiest areas on the Bay of Banderas. It’s cool and quiet, often 5 to 10 degrees cooler than downtown Puerto Vallarta. Set in the midst of the jungle, Mismaloya offers a quiet hideaway to those who would rather avoid the crowds. It’s a bit remote, but it more than makes up for its remoteness with its striking natural beauty. One of the better kept secrets, Mismaloya is, unfortunately, fairly expensive, a fact that has resulted in an almost exclusively American population.