La Peñita de Jaltemba is a quaint little fishing village, somewhat north of Puerto Vallarta. It is a little bit worn around the edges, but appears to be trying to make a comeback of sorts.
Most likely government sponsored improvements include a new Malecón, paved streets and new concrete sidewalks, painted a dark red, and textured to look like tile pavers.
Most of the buildings do not seem to have been updated in the recent past.
It is now obvious that living in Ajijic for the past three years has spoiled us. The weather was very hot and very humid. Although the food in several restaurants we sampled was very good, it was hard to really enjoy the dining experience in the sweltering heat.
If what you are looking for is a laid back, relatively isolated beach front community, with sufficient services to have a good time, but without the crowds of tourists and the accompanying hordes of beach vendors, then La Peñita de Jaltemba might be just the right place for you.
From what I heard from some of the locals, it stays hot and humid through November, so you might as well wait until after Thanksgiving before venturing down here.