The area south of the Cuale river is known as Los Muertos, Olas Altas, Emiliano Zapata, Old Town, or the Romantic Zone.  Homes and Villas for sale in Downtown South start at 85 thousand US dollars, up to 1.4 million US dollars. Only a 10-minute walk from the Malecon, this area features an eclectic blend of traditional Mexican homes, apartments, beachfront condominiums, hotels, restaurants, nightclubs, art galleries, and traditional Mexican tiendas. More and more investors are choosing to buy real estate in this area due to its relaxed atmosphere and Old Mexico charm. You can have a gourmet dinner and head off to a night club. The Romantic Zone is the hottest area in the entire bay for Real Estate. Not to mention Los Muertos beach is one of the most popular and visited Beaches in Puerto Vallarta. This is because it is a beach that is not dangerous to kids, and is walking distance from Downtown. Rentability in this area is great due to the fact that renters do not have to jump in a taxi every time they want to go somewhere. The little convenient stores carry a little bit of everything so that you don't have to go to the big supermarkets for groceries. Photo Gallery of Old Town!