I too was swayed by reviews on this site to stay here. Turtle Nest Inn was sold out and so they booked us in to their adjacent property - Seabreeze Condo's.
All in all we had a positive experience. The main reason for me giving it a '3' rating was because of the traffic noise. This was not noticeable during the day but come night time the constant drone of trucks and their engines passing by was wearing. The hotel is on a corner and consequently vehicles need to change gear making it that little bit louder than free-flowing traffic. On the second day I went over to the management office but they could offer me no alternative. There was little point in getting upset about it as they had no other options. So they gave me their noise machine and that combined with me sleeping on the sofa for the next week meant at least that I got some sleep. Of course this wasn't exactly what I had in mind when I booked the trip but as I was up early to dive every day it was important to be well rested!
Also at the end of a long day you may not feel inclined to go back in to town to eat/drink. 5 nights out of 7 we spent in the condo as we were too tired to make the drive. This wasn't a hassle for us as we were there more for day-time activities.
Do try the snorkelling on the reef in front of the hotel it was very good when the sea was calm.
We went back to Cayman Islands 4 months after this trip and stayed at Casa Caribe instead. I know it's in a different price bracket but if there are a few of you going it is fabulous and worth the extra. Great location, staff and beach-front. If you do stay at Seabreeze condos be sure not to get one close to the road - if you're a light sleeper!)....hope that this helps and have fun.