I paid around 700 baht per night for a basic wooden hut on the back row of this resort in March 2011. It was very basic - hard bed, old toilet, cold water, broken fan etc but these huts had a great balcony with (limited) views of the sea and beach and out of the blazing hot sun, under some trees. There are however concrete bungalows, and having spoke with a couple who stayed in these, they seemed to enjoy their stay. The price for these better rooms was way above my budget, but if you can afford it this would be a great choice because my only gripe is with the basic accomodation.
Being on Lipe, you probably won't be spending much time in your room so if you can live with a basic hut, this is a great choice. However it is a fair stroll to the shops to get beer and supplies. The food was decent, but if you get into Lipe walking street you will find that the water, beer, cigarrettes are half of what this resort charge (as you would expect).
This resort also own their own boat, so just let them know when you want to depart and they will drive you (50B) around the island and direct to the offshore platform where you will catch your speed boat.More