Overall, we (family of 4) enjoyed and recommend the property. It's steps from the heart of Bellagio - walk to everything - which in my book is worth a lot. Just loved the ease of getting coffee at 7 am and gelato and walking to lake at 10pm. Downstairs is a hotel and restaurant that was not 5 star. It's fine but for as swanky as Bellagio is....if you're looking for old school perfection or a villa like atmosphere just know it's not an A+ in charm. We cooked some meals and enjoyed the extra space that a hotel wouldn't provide. The church bell goes off, it's loud, which is charming and might be a bit much. Bathroom was good, nice shower, though we were only left 1 spare roll of TP (hello bidet!). It was 95 degrees so we did miss a pool to cool off but there's that lake so...
Plusses: Beautiful view, nice modern space, comfortable beds, good shower, great location right in town, kitchen well stocked, easy check in, good AC in living room.
Minuses: lights in hall/stairway turn off automatically - an issue at night, no garbage service, back bedroom smelled bad at times maybe due lack of ventilation, no AC in bedrooms, we ran out of tp (only 1 spare provided), stairs, no balcony.