When I first looked at the map and saw the location I was concerned that we were maybe too far away from the 'action' (ie. St Mark's Sq.). Having been there for a few days strolling around I'd now advise this as the perfect location for exploring all around Venice. It's just a 15mins walk to the Square (or 20mins on the water bus) when you do want to brave the chaos that can result when too many cruise ships are in port, but lovely and tranquil when you want to escape :-)