This is a basically an apartment in a small complex. There are a bunch of small complexes in this area. Seems to be mostly for ex-pats and retirees. We met several of the guests who own other units and were just starting their annual 3-month visit. They were all incredibly nice and welcoming. We felt very at home for our 1 week stay.
The unit was very well stocked with everything we needed. It was clean and comfortable. No issues with dirt, bugs, anything. Everything about the complex was very well kept.
As with all the apartments in this area, you're not on the beach, but you're a short walk away. There's jungle between you and the beach.
The area felt very, very safe. It's basically built for tourists.
The walk to the main drag is a pleasant 20-min walk (use the path on the beach).
There are restaurants, a cafe, and a small grocery store only 5 minutes away, just down the street.
Overall our stay in Playa Coco was pleasant. It's a bit of a sleepy town, but does come alive a bit at night.