There are several pros and cons to consider when buying property in Ocean Ridge, Florida:

Pros:
1. Location: Ocean Ridge is located in a prime location along the coast, offering stunning ocean views and proximity to a variety of attractions.

2. Water Activities: The village is nestled between the Intracoastal Waterway and the Atlantic Ocean, making it a prime destination for water activities such as fishing, boating, and swimming.

3. Small community: Ocean Ridge is a small, close-knit community that offers a sense of peace and quiet, away from the hustle and bustle of larger cities.

4. Low Crime rate: Compared to other Florida cities, Ocean Ridge has a lower crime rate making it a safer place to live.

Cons:

1. Expensive real estate prices: The cost of living in Ocean Ridge is higher than that of other cities in Florida, so the prices of homes for sale in the village are relatively high.

2. Less availability of properties: Due to its small size, there may be a limited inventory of properties available for sale in Ocean Ridge.

3. Natural Disasters: As a coastal community, Ocean Ridge is subject to hurricanes, storm surge, and flooding during extreme weather events.

4. Higher insurance rates: Due to the risk of natural disasters in the area, homeowners' insurance rates may be higher compared to other inland neighborhoods.

Overall, Ocean Ridge is a beautiful community, known for its beautiful beaches, outdoor recreation activities, and luxury oceanfront homes. However, the high cost of living, limited inventory of properties, and the risk of natural disasters should also be considered when buying property in the village.