Cudjoe Key, Florida is a beautiful village with stunning water views, access to world-class boating, fishing, and recreation activities. However, as with any location, there are pros and cons to home ownership in the village of Cudjoe Key, Florida.

Pros:
- Scenic views: Cudjoe Key, Florida has stunning waterfront property and provides residents with breathtaking water views.
- Boating and water activities: Residents have access to world-class boating, fishing, and fun water activities year-round.
- Relaxed lifestyle: The village of Cudjoe Key, Florida offers a relaxed island atmosphere that makes residents feel like they are on vacation all year.
- Good weather: Located in South Florida, Cudjoe Key enjoys warm weather year-round.

Cons:
- Hurricane risk: Cudjoe Key, Florida is in a state that is frequently prone to hurricane activity especially during the hurricane season from June to November. Homeowners have to invest in proper protection against such possible natural disasters.
- Higher insurance rates: Living in Florida can come with higher homeowner's insurance premiums due to the potential for natural disasters and severe weather events.
- Higher cost of living: Due to its location as an island, the cost of living in Cudjoe Key, Florida is higher than in many other locations in Florida.
- A lack of essential services: Being a small, remote village, some services may not be available on the island leading to the need to commute for grocery shopping or medical care.

Overall, Cudjoe Key, Florida offers a beautiful location with stunning water features and exciting activities, but it's important to keep these pros and cons in mind when considering home ownership there.