we have stayed right on the boardwalk in past couple years, which was more convenient, but this one bedroom condo unit on the 1st floor was great for space and much more affordable. If you don't mind walking the 2.5 blocks to the beach, it's got everything you need, including a fully stocked kitchen, pool access a few steps away across the street, outdoor (non-enclosed) shower to wash the sand before you go inside. Also a cute balcony with 4 chairs to hang out at night with a glass of wine.
The bedroom can easily fit 2 adults on the queen plus 2 small kids on the full and 1 kid on top bunk (though 4 total would be more comfortable). We were a family of 3 and this place was more then adequate. Parking was easy (compact car can fit easily right outside the door but if not compact car, parking is still free across the street).
The park is one block away with basketball, playground, skate park. Small mini-mart on the way to/fro the beach (Mitchell's).
We ended up driving to a few restaurants about 5 blocks away, parked our car, walked the boards at night since the action is pretty much the Inlet to 3rd street, then drove home 5minutes, it was very easy. If you're up for it, you can easily walk to some great restaurants (De Lazy Lizard was our fave due to the playground... but Angler, MC Ducks, Marina Deck and a few others come to mind). I would've liked to have visited the Spain rooftop deck also in that area but we didn't have enough time.
Great place to stay!