Yeah that is the best thing to do, we've done that many times and had some great places - usually wait until last minute though and nab a large/very large villa at off-peak pricing.
It looks to be 6m x 4m (roughly) so it's more of a chill/play pool than a swimming pool, have you look at the satellite view from Google Maps?
I'm not a big fan of open plan, so don't like the kitchen/dining and living area all in the same space, and one small shower room (unless I missed something) would be frustrating especially with how much use they get when on holiday.
It's hard to go back to hotels/shared accommodation and amenities after going to private villa's or apartments, only reason to do it is for the kids to mix with others, or the adults if you like talking to randoms