Here are some pros and cons to consider if you are thinking about buying property in Greenwood Lake, New York:

Pros:
1. Scenic location: Greenwood Lake is a beautiful area known for its natural beauty and scenery, including the lake itself.
2. Outdoor recreation: There are plentiful opportunities for outdoor recreation in Greenwood Lake, including boating, fishing, hiking, and skiing.
3. Strong community: The village of Greenwood Lake has a tight-knit and supportive community, with various local events throughout the year to encourage community engagement.
4. Access to New York City: Greenwood Lake is only about an hour's drive from New York City, making it an ideal location for those seeking a balance between city and country.

Cons:
1. High taxes: Property taxes in Orange County, where Greenwood Lake is located, are among the highest in the state.
2. Limited infrastructure: Greenwood Lake is a small village, which means there may be limited access to some services and amenities.
3. Seasonal population: While there is a year-round population in Greenwood Lake, there is also a seasonal population that can make the area feel crowded during peak tourist season.
4. Risk of flooding: Due to its location on a lake, Greenwood Lake is prone to flooding, which could impact property values and insurance rates.

Overall, buying property in Greenwood Lake, like any real estate decision, involves careful consideration of personal priorities and financial goals. It is important to research the specific property, the local market, and take into account all relevant factors before making a decision.