The room is part of a larger set of apartments in a fantastic location very close to the holiday of Oia (the main place to visit and relax). The room has everything you need, including basic kitchen amenities. What you're paying for here is the killer view (it's unbelieveable how good it is) and the proximity to town. The room was clean and spacious, and the bed comfortable.
What stopped this being 5 star? Little things that make the stay special. The room was super hot when we arrived, so we had a terrible sleep even with the aircon on full, there was no water on arrival (no local drink bottled water, the desalinated water still tastes super salty) and one of the staff gave gave us average logistical advice. In short, she said we need to allow 3 hours to get to a cooking class in a nearby town, but it took us 45 minutes by bus incl transfer. Would have been waiting a while if we had of taken her advice. That said, the rest of the staff were super friendly and helpful.