The house is perfect for a large group. We were 11 men in town for a bachelor party and it was really nice we all had beds. The location is suitable for ride sharing (uber) to the french quarter ($10-15 each way). You can also walk a few blocks to get to restaurants, bars (including a cool speakeasy) and a coffee shop (with beignets).
One thing to note is the charcoal BBQ pit, while new, is about as small as they come- hard to imagine being able to cook more than for about 6 on it, maybe 8 burgers, but it would be tight.