TL;DR the view is amazing and the hot tub is great, but given the condition of the home, it's not worth the price point.
THE GOOD: The view is spectacular and the hot tub is great and massive - we loved soaking in the tub and listening to the sound of the waves. The beds were cozy and with the exception of the dishwasher, the kitchen was well appointed.
THE BAD: At the time of our stay, the heating system did not reach the first floor and it was extremely cold. Thankfully, the host very graciously ran over 2 new heaters - that was very much appreciated. However, I'm assuming the same ventilation issue will apply to the A/C. If you're staying in the downstairs bedroom, there is no vent so the heat/cold air will not reach the room, and the downstairs bedroom appears to have previously been a garage, so the walls are thin and so you'll hear the sound various appliances beeping through the night, and the sounds of the Pacific Coast Highway traffic were loud, even by our city dweller standards. The dishwasher was broken; being that we were a group of 5, this was very inconvenient. I'm assuming that the cleaners have been washing the dishes without soap all this time, which is pretty gross. There were shards of metal all over the hot tub deck, so make sure to wear flip flops. Additionally, the speakers on the downstairs TV are completely blown out.