Merovigla is a short walk up a hill from the bus stop. We arrived to the most friendly atmosphere we could have asked for and the absolute greatest view of our entire trip. Alexandros and Alexandra are the most incredible hosts and were so helpful to us with suggestions on where to go and what to see. They also went out of their way to ensure that we had a place to stay when a Greek Ferry Strike threw a wrench into our travel plans. We highly recommend this place to stay for its interesting architecture, it's gorgeous views, it's proximity to a wonderful walking path to Fira and it's location just outside the hustle and bustle of the city. If you'd like to hike to Oia, plan for 2 hrs, otherwise you can rent transportation per day for a good price, or hop on a bus.