We stayed at the Seahorse cottage. As the other reviews mention, it is small. That being said, the space is actually used extremely well. The location is perfect. Just steps from all of the restaurants, bars, and the beach. Other reviews also mention the plane noise. Is there plain noise? Sure. But the whole area of OB is in the plane route line. That shouldn't take away from this place. EVERY place in OB has plane noise.
One small issue is the hot water. Sometimes it took a very long time to get hot water. I even heated water on the stove to shave with. There is a trick. Shower at night!
Overall a great place!!