Spending time in Bahía Bustamante is like having your own private Península Valdés. It was founded in 1952 by Lorenzo Soriano, who searched the Patagonian coastline for seaweed to use for extracting colloids. When he found this bay filled with seaweed, he began, along with his sons, to create an entire town including a school, church, auto and boat garage, and housing for more than 400 people who worked harvesting these marine algae.
The operation slowed during the '90s and nearly everyone moved away. In 2004, however, Lorenzo's grandson Matías returned to Bahía Bustamante and began renovating various houses and transforming the place into what he calls an "estancia marina," or marine ranch, with a special focus on ecological sensitivity, observation of marine and continental wildlife, and independence (producing all their own food and electricity). Stays are available for individuals or small groups—only 20 people at a time can stay here—by reservation only.