Patrick Air Force Base is located on the Atlantic Ocean, in Brevard County, Florida. Here are some pros and cons of purchasing real estate in the village of Patrick AFB, Florida:

Pros:
- Beautiful location near the ocean, with plenty of outdoor activities available
- Strong military presence and economy due to the nearby Air Force Base
- Relatively affordable compared to other coastal areas in Florida
- Potential for rental income if purchasing a property to rent out to military personnel or vacationers
- The area is growing and developing, which could lead to appreciation in property values over time

Cons:
- The area is prone to hurricanes and flooding, which could damage property and lead to higher insurance premiums
- The strong military presence may lead to noise and other disturbances
- The local economy is primarily dependent on the Air Force Base, which could be a risk factor for some investors
- The area may be somewhat isolated, with limited access to major cities and cultural attractions.

It's important to consider all of these factors when making a decision about purchasing real estate in Patrick AFB.