I'm hesitant to give a good review because I don't want this cottage to be booked! I will endeavor to be less selfish.
It's absolutely adorable and in a perfect spot for dining. It is quintessentially Portland in nature - small, cozy, hip, and quirky.
The stone hot tub is a great plus. Don't forget to bring a bathing suit. The dining next door is some of the best in Portland. You are literally right next to Beast. Make sure to look up the restaurant though, as seatings happen at particular times at fixed costs - you can't just walk in anytime.
For cocktails check out Wilder, a block away. Mixology at its finest.
If you're ready for a longer walk, you can walk to Alberta for all things Alberta. Bollywood theater, Salt and Straw, etc.. Welcome to Portland.
One warning - the space is very intimate. If you are travelling with someone you aren't on very friendly terms with, find a place that has doors separating the rooms. ;)