We enjoyed our stay at the Beachfront Bungalow. The ocean views were amazing and I enjoyed drinking my coffee on the deck each morning watching the beautiful sunrises! The bungalow was close enough to walk to everything we needed in the village--restaurants, shops, grocery stores--and we enjoyed the quietness being at the end of the sidewalk.
We were surprised by the amount of seagrass along the shore/beach throughout the peninsula. It comes in from the ocean due to the climate, so it is not always there, but it was a bit of a downside. Just be prepared that depending on the time of year and the weather, it is a possibility.
We found Placencia to be a charming Caribbean village and we would definitely stay in the beachfront bungalow at Coconut Beach again!