Palm Bay, faster development, higher land, close to Xcalak with large pier, close to Rocky Point, on the reef. Palm Bay is going to be "The Place" on this island when San Pedro Town is just a day trip to see what the island used to be like. Too many docks and too much buildings, concrete, traffic. San Pedro needs to be replanned, which won't happen. The north is where its at and being on the reef (Caribbean) side is where you wanna be.
Palm Bay is also in the Bacalar Chico Natural Park and Bacalar Chico Marine Reserve and is 1.5 miles from the Mayan Canal. Laguna de Cantena is breath taking. Rocky Point is my favorite area. You can climb up on the fossilized reef (15' high) and look into the lagoon and out over the Caribbean (with not reef line and breakers on shore).