Known around the world and Acapulco's most recognizable symbol, I think La Quebrada is my favorite place in Acapulco. Nothing beats the view and the sound of the open ocean crashing into the jagged rocks below or the green mountains that open into the city. Not even Acapulco Bay at night can beat the intensity of La Quebrada.
Most tourists who visit the area corral themselves in the mirador close to the cliffs to watch the divers perform which is spectacular. Others watch from the nearby Hotel Mirrador restaurant. Those dining there will and actually get a chance to meet the brave young cliff drivers after their jump, and hopefully pay them a propina (tip) for their daring feat (after all cliff diving is a labor of love and not a get rich quick sort of business).
The cliff divers perform at regular intervals nightly. The first show is at 1:00pm. Then (when la Quebrada is at its best) there are evening shows at: 7:30, 8:30, 9:30, and 10:30. You can take a taxi, or it's about 10 minute walk from the Zocalo.
Real Acapulco recommends that you don't limit yourself to just this one area of La Quebrada though because there are beautiful walkways with glorious views all along the nearby avenue where you can see all the way to Pie de la Cuesta and little inlets that let you walk down near the ocean. Very well maintained and attractive sidewalks invite you to stroll all the way to Acapulco's beautiful amphitheater on the sean Sinfonia del Sol or continue on to the little known gem, Playa Angosta.
The locals park along the streets and drink with their friends. Lovers kiss and hold hands. I've yet to see a more beautiful sunset and it gets even better after dark when the mysterious Pacific Ocean.
La Quebrada is located at Av. Lopes Mateos y Plazoleta la Quebrada.
If you want a preview, don't miss Elvis's daring jump in Fun in Acapulco.