Pros:
- Bayonet Point has a relatively low cost of living when compared to other parts of Florida, making it an attractive option for those looking to buy a property.
- The city has a warm and sunny climate throughout most of the year, offering residents the opportunity to enjoy outdoor activities and amenities.
- Bayonet Point is in close proximity to several beaches along the Gulf of Mexico, which makes it a great option for those who love spending time by the water.
- Being located in Pasco County, Bayonet Point residents are offered various social, educational and recreational activities, including festivals, art shows, concert series, parks and more.

Cons:
- The city has experienced some natural disasters in recent years, such as hurricanes and flooding, which could be a concern for some homeowners.
- Bayonet Point does not have a lot of public transportation infrastructure, which could be a challenge for those who do not own a car.
- The city's crime rate is slightly higher than the national average, which could be a concern for some homeowners.
- Property values and insurance rates in the area can be affected by the risk of flooding and storms, which can make it expensive to own a property in the area.