It's the best choice we could have made for our trip. To see that view first thing when you wake up is priceless. The location turned out to be the best too. It's easy and enjoyable to get to European side by ferry while having your kebab for breakfast, ayran or Turkish tea. And it's a relief to get away from touristic crowd back to the local one in the evening ;). You can spend a day or two relaxing nearby in Moda neighborhood too.
And once again I couldn't get enough of that spectacular view from my favorite balcony ever!