Mismaloya, nice town with a very cozy beach, is also the place that director John Huston chose for the movie "The Night of the Iguana". The remains of the movie set and the forth that was built for the movie can be easily accessed from the beach. It makes for a nice 5 minutes stroll.
I felt overwhelmed imagining Liz Taylor (who was here the whole time with Richart Burton) and Deborah Kerr walking on the same pathway I walked to get to the movie set.
The view of the bay and the beach from the movie set area is also breathtaking! Try to imagine how it looked like when the movie was made and when there was absolutely nothing there...
When we hired a boat and guides one day to go snorkeling, we went by the old movie set of "Night of the Iguana," directed by John Huston and starring Richard Burton in 1963. The set is near the cove of Mismaloya. Apparently the movie put Puerto Vallarta "on the map" as a result of the attention the location got from the international media.
Mismaloya is just south of Puerto Vallarta, accessable by regular transit, about 4.5 MXN (about 45 cents US). There are a number of fancy hotels here, but it's a nice place to come sit for a while. There are numerous restaurant/bars along the beach, when you've had enough laying around in the sun.
Follow the sea wall to the set of the film Night of the Iguana ( I have never seen it) and you will most likely some locals fishing there.