We stayed for a week in mid-February. The owner was very responsive, communicative and helpful, and the villa's well equipped, clean and spacious. Loads of hot water and two really good bathrooms. It's in a peaceful location in a well kept cul de sac about a mile from the beach and an excellent Euro Spar. The pool and hot tub are fabulous and they get the sun for the most of the day. Some more loungers round the pool would have helped, the wifi was a bit hit and miss, and there was no large bin for the roadside. But the refurbishment was only complete in January, so I'm sure these small issues will be resolved by the attentive owner. You do need a hire car to get around, though. All in all, it's a great place to stay and we plan to return.
Really liked the place. The pool and Jacuzzi were spotless and at a good temperature. Lounge was really comfortable, as were the beds - better than mine! Safe for the kids, with stair-gate on the steps to basement and an enclosed garden.
If you're the adventurous type (my kids!), there's an extinct volcano to climb within walking distance. We also walked to the beach and town several times. It takes about 15 mins (there's a small path at the bottom of the ellipse) and the scenery is very interesting.
Highly recommend - and kids will love - Papagayo beach, Restaurant Lagomar and Timanfaya, or for the more adventurous, climb La Corona (45 mins, park in Ye) :-)