But it is also a destination that draws a range of beachgoers to its shores, from summering families to the celebrity jet-set. There's a bustling city on the beach downtown, as well as quiet countryside populated solely with upscale ranches called chacras or estancias, and creative, buzzing hamlets like La Barra and José Ignacio. Though it's pricey and at times a logistical challenge to get around, everyone finds something about Punta to love.The resort takes its name from the "east point" marking the division of the Río de la Plata on the west from the Atlantic Ocean to the east. It also lends its name to the broader region encompassing the nearby communities of Punta Ballena and La Barra de Maldonado. These days even José Ignacio, some 20 miles away, is grouped in. It's usually a given that Argentina’s upper class spends at least part of the summer in Punta, soaking in the ample rays.