Oh-my-God views over the old port set this quiet B&B apart, as does the friendly care lavished on guests by the Chilean owner. Cozy, pastel-painted rooms come with thick white comforters. The Oceano has by far the best views. The only drawback: you're quite far removed from the action, dining and nightlife of the more popular cerros.
Use caution arriving late at night as the area is occasionally frequented by pickpockets.