The house is all done up and is definitely a luxury boutique in that sense. Vasso and her husband met us at the Ano Mera bakery (which was very easy to find with Google Maps), and showed us the way to the house. The road is tricky...I must say you have to be prepared to drive in a very narrow street with no lights. We were a bit thrown off by it at the beginning but then we got used to it. You will have to pin the exact location and save it as "Home" in the Google Maps to be able to find it on your own.
Vasso gave us a bottle of nice Santorini wine on arrival (as we mentioned that it was our anniversary) which we appreciated very much!
The house is very close to different beaches and 20-25 min away from he Old port.
In terms of close by tavernas, we found that the ones on Ano Mera square were too touristy and overpriced. The best one was Paprika (off the tourist path). They had very nice gyros! And they prices were great!