Great house, centrally located on the canal/lagoon. We loved staying at Silver Reef! We were a group of 4, two couples, and it was plenty spacious. The house is conveniently located in town, near a grocery store (at the end of the street) and was very easy to walk or ride to dinner or town with the bikes provided in less than 5 minutes. We did a snorkel trip to Laughing Bird Caye with Eagle Ray Tours (highly recommend) and they picked us up dockside at the house, which was so convenient! The house was perfect to come back to and get directly dropped off after a long day in the sun. We loved hanging out by dock and on the rooftop for sunset for the amazing views. The owner and house manager are very nice,helpful and communicative. We will definitely stay at Silver Reef again when we visit Placencia!