We were truly impressed by this apartment, its interior amenities, and its ideal location smack in the middle of Ponta DelGada's historic district.
The apartment itself is unusually spacious for the price, with modern amenities such as an easy-to-use washing machine (we did laundry while there), two different style coffee pots, and flat-screen television.
There are two bedrooms; one with an American-size "full" (large single) in an actual en-suite, featuring a bathroom much larger than most European en-suites I've seen. The other bedroom has a good-sized American "queen" bed, with a bathroom just next door (also sizable and comfortable.) Note: I use the term "American" to describe the sizes because singles, doubles, fulls, and queens/kings differ in their measurements in Europe.
For two people, this was more than enough space and room but for families traveling together or with children, an ideal amount of space and comfort.
The balcony (a good size and comfortably furnished) is also a nice bonus.
The area is absolutely ideal; within walking distance are a host of historical sites and some of the area's best restaurants. One caution is that there's no parking from what we could tell, so if you're renting a car you might want to discuss options with the property manager. (We chose to hire tours instead of going with the car rental.)
Marcilia, the property manager, was very accessible and prompt in her replies to questions (and we had plenty of questions!) She even helped us arrange for airport transportation.
I highly recommend this property, even if you are just a single person or couple only in need of one bedroom. The price is still in line with most one-bedrooms we considered, and the extra space for just a few bucks more is absolutely worth it.
Final note: About three flights of stairs to get to the apartment from the ground level. Just a note for those who might have an issue with climbing stairs.