The setting can't be beat. Amazing sunset viewing (though it'd be nice to have a front deck or patio). Quiet neighborhood with very little local traffic on the road between you and the beach. We can definitely recommend the hike down to Iceberg Point--beautiful and not too challenging, even if you go all the way out to the west end.
Lots of little things to nitpick about the house, but no show-stoppers. Check out the other reviews if you're curious. Seemed clean enough on our visit. Definitely fits into the funky/quirky category, and it felt somewhat overpriced for April, even with the lovely location. The shower head could use replacing as it's pretty well clogged with mineral deposits. Also, for a place that says it sleeps 6, we'd recommend a larger coffeemaker than just a 5-cup hotel-room model. We made two pots per day just for the two of us. The kitchen is newer, nice and roomy, and had enough plates and silverware to handle a 20-guest banquet. We did our dishes in the sink so can't vouch for the dishwasher. No Wi-Fi, cable, or satellite, as others have noted, but we were able to get 2 or 3 bars of Verizon service if we sat near the window on the bigger couch. Overall, I guess we'd probably try a different place if we come back to Lopez.