If you're not familiar with Sitia, the town is built on a fairly steep hill, and Mike's place is near the top of it. It's a bit of a march up the hill from the waterfront (approx 10 minutes if you're fit and going for it), but you get the benefit of the view from the balcony as a result.
If you're driving, it's hard to park in Sitia, so the parking space with this apartment is really really useful. On approach into Sitia, Google maps will try to send you off the main road up a seemingly small road up a hill. This is probably correct! We didn't quite believe it, and found ourselves weaving our way up some even steeper and narrower roads as a result.