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Punta del Este hosted the Whitbread Around the World yacht races from 1985 to 1994 and participated with its own yacht 'Uruguay Natural'. Punta del Este also hosted the 1967 American Summit attended by U.S. President Lyndon Johnson, and the start of the Uruguay Round of international trade negotiations in 1986 that led to the creation of the ...
Punta del Este is virtually connected to the city of Maldonado and eastward spread widely, encompassing La Barra and José Ignacio. It has 122 hotels, 80 restaurants, an international airport and a yacht port that can accommodate 500 boats. About 8 kilometers southeast of Punta del Este is the Lobos Island full of South American fur seals.
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The strategic importance of that bay led to the decision by Montevideo's governor Joaquin de Viana to build a settlement in Portezuelo (near the Laguna del Diario) in 1755. Two years later, in 1757, a civil and military settlement was founded around the bay and on the neighbouring Gorriti Island .
The Isla de Lobos is a small island located about 8 kilometres (5.0 mi) southeast of Punta del Este in the Atlantic Ocean.An islet lies east of the island. Since 2024 it makes up the Island and Islet of Lobos and their Submerged Environment National Park a marine protected area.
A man by the last name Martínez, the first owner of the La Barra hotel, La Posta del Cangrejo, convinced the then Uruguayan president Eduardo Víctor Haedo to build a bridge linking that town with Punta del Este. Historically, there has been two bridges built at the same crossing of the Maldonado River which each failed due to natural disasters.