Advantages:
- Location: Mary Esther, Florida is located near the Gulf of Mexico and provides easy access to sugar-sand beaches and emerald waters. This makes it a popular tourist destination, which can be beneficial if you're interested in short-term or vacation rental income.
- Climate: The climate of Mary Esther is mild, which attracts many visitors and retirees to the area.
- Cost of living: The cost of living in Mary Esther is lower than the state average, making it an affordable place to live.

Disadvantages:
- Hurricane risk: Because of its location on the Gulf of Mexico, Mary Esther is at risk for hurricane damage. If you choose to purchase property in Mary Esther, it's important to consider the cost of insurance and any necessary storm protection measures.
- Tourism-dependent economy: While tourism can be an advantage in terms of short-term rental income, it can also lead to a volatile economy that is heavily reliant on the tourism industry. If there is a downturn in tourism or an economic recession, it can have a significant impact on the real estate market and property values in the area.
- Traffic congestion: During peak tourist seasons, traffic congestion can be an issue in the area, which can be frustrating for locals and visitors alike.