We really enjoyed our stay at the Abrazo 8 villas! The 2 bedroom, 2 bathroom option meant plenty of space for our group of 4, and included a huge patio area with ocean views.
Pros: Great value. Able to walk to town (though the walk was a bit precarious), lots of space, AMAZING free breakfast, Danai was very available and helpful. Honey feel with hotel-like amenities. We loved hanging out by the pool during free time and the location was convenient to get to their parts of the island by cab.
Cons: Biggest con for us was the location. While it was super convenient to be a 10 minute walk from Imerovigli and a short walk to Fira and lots of restaurants, do not expect the "Caldera" cliffside views many picture when visiting Santorini. To get to the Caldera side of the island and the village was a 10 minute walk up a very steep hill on a narrow road. We didn't mind during the day as it was convenient not to have to rent an ATV or car... but at night it was a little scary. For someone with children or who isn't in good physical condition it would be a tough walk and would suggest a car/ATV if staying here.