The view from the top of the hill is of course SPECTACULAR. You can look west to the Sierras, out over the city and waterways of Mazatlán, or east to the vast expanse of the Pacific. It's a great place to sit and have a picnic, and take some panoramic photos of the pristine beaches of Isla de la Piedra while they remain undeveloped.
Europa Point lighthouse on Gibraltar. However, though the Rock of Gibraltar is 426 meters high, the lighthouse is located on the waterfront, not the top. There is only an aviation beacon at the top of the Rock of Gibraltar. Thus, I'm not sure how our local El Faro ranks globally. It may indeed be the highest.