Punta del Este – with its many beaches, elegant seaside homes, yacht harbor, high-rise apartment buildings, pricey hotels and glitzy restaurants – is one of South America’s most glamorous resorts and easily the most expensive place in Uruguay. Extremely popular with Argentines and Brazilians, Punta suffered a period of decline during the Uruguayan and Argentine recessions, but has come back with a vengeance.Celebrity watchers have a full-time job here. Punta is teeming with big names, and local gossipmongers keep regular tabs on who’s been sighted where. Surrounding towns caught up in the whole Punta mystique include the famed club zone of La Barra to the east and Punta Ballena to the west.Punta itself is relatively small, confined to a narrow peninsula that officially divides the Río de la Plata from the Atlantic Ocean. The town has two separate grids: north of a constricted isthmus, just east of the yacht harbor, is the high-rise hotel zone; the southern area is largely residential. Street signs bear both names and numbers, though locals refer to most streets only by their number. An exception is Av Juan Gorlero (Calle 22), the main commercial street, universally referred to as just ‘Gorlero’ (not to be confused with Calle 19, Comodoro Gorlero).