Pros: The biggest pro is the view and location. Being right on the beach is fun and it's super nice to be able to choose whether you want to go lay on the sand/get in the water or just chill in the living room and get the exact same view. The place is clean, communication with host is perfect and it has everything you need for cooking (stove, fridge, pots & pans, dishwasher, coffee machine, etc). The location is amazing and it sort of justifies the cost of the stay.
Cons: The only downside (and reason why I feel this place is over-priced) is that it was nearly impossible to sleep just because the bedding was cheap and uncomfortable. The mattresses provided no support, so our backs were a wreck the whole trip. The sheets are cheap and so are the pillows (this was true for both bedrooms). We came away from our vacation exhausted from sleep deprivation. The days were amazing...the nights were torture.
Is it worth it? Yes--if you have no issues sleeping anywhere. If you have back problems, I would proceed with caution and if you have trouble sleeping in uncomfortable beds then I would say....maybe? We don't regret our trip. Like I said, it does have an amazing view and you can't beat being on the water. My advice would be to take your own sheets and your own pillows; although, at this price-point, I would expect Bluewater Vacation Home's to invest in High Quality bedding & mattresses. A luxury rental should not be more difficult to sleep than a Motel 6.