The view from this apartment cannot be beat-- it is absolutely gorgeous, especially at sunset. It can be a fairly long walk into the main town, Fira (20 minutes along the caldera path, and uphill all the way back) but it has beautiful views to make up for it. The apartment itself is nice and cozy, good if you don't mind close quarters. There's a tiny stove and a fridge; the complimentary wine/juice was greatly appreciated. Elvira was also very sweet and helpful.

Unfortunately, the "cocoon" apartment is not as deeply set into the side of the hill as the other two, and it doesn't have air conditioning; as such, it gets fairly hot during the day (probably 85) and stays almost as warm at night (around 80). There is a fan, which helps, but I still had a difficult time sleeping in the heat. I had opportunity to step into another of the apartments and as they're deeper into the cliff, it doesn't appear that they have the same problem, so if the heat bothers you I'd go with those instead.