We had a wonderful stay here for 1 week with our baby. The view from the balcony is indeed absolutely breathtaking! The place is clean, roomy, relatively stylish, and the location is pretty good, walkable in about 10 minutes to a beautiful beach and promenade (the immediate beach at the property and to the side is not suitable for swimming), and otherwise short drives to some of the best beaches as well as to Lahaina. Also the bed is very comfortable, even for me with back problems.
Some slight imperfections: The building feels dated, the pool area is quite basic and small, and you're not allowed to use inflatable devices in it (but it has a kitchen and grill which is quite nice); this is even more evident when you look over into the neighboring beach club which has a phenomenal pool area with a beautiful bar and waterfalls and all that. Also, the place is not that baby-friendly; it's a bit disappointing that you have to rent your own crib or pack'n'play where buying one would cost peanuts (compared to the whole price you're paying to stay there), and could be easily folded and stored in the wardrobe.
But as noted, all of that is compensated by that amazing view you have from the lanai!