Pros of purchasing real estate in the village of North Key Largo, Florida include:

1. Beautiful natural surroundings: The village of North Key Largo is surrounded by scenic views of the Atlantic Ocean and the Florida Bay. The area is known for its beautiful beaches, fishing, boating, and other outdoor activities.

2. Relaxed lifestyle: The village of North Key Largo is a small community with a relaxed pace of life. There are not as many people as in larger cities, and residents often know each other and enjoy a tight-knit sense of community.

3. Lower cost of living: The village of North Key Largo has a lower cost of living than many other cities in Florida. This means that residents can enjoy a high standard of living without breaking the bank.

Cons of purchasing real estate in the village of North Key Largo, Florida can include:

1. Limited amenities: The village of North Key Largo is a small community and does not have as many amenities as larger cities. For example, there are fewer shops and restaurants in North Key Largo than in cities like Miami or Fort Lauderdale.

2. Natural disasters: North Key Largo is located in a hurricane-prone area, and the village could experience severe weather that could cause damage to property.

3. Seasonal tourism: The village of North Key Largo is a popular tourist destination, particularly during the summer months. While this can be a benefit to businesses in the area, it can also lead to crowds and traffic for residents.