Advantages of buying property in Pine Castle, Florida include:

1. Affordable real estate prices compared to other cities in Orange County
2. Close proximity to Orlando and its major attractions like theme parks, shopping malls, and restaurants
3. Good quality of life with ample green spaces and recreational opportunities
4. Strong real estate market with steady appreciation rates of property values
5. Good schools and higher education institutions nearby

Some of the disadvantages of buying property in Pine Castle, Florida are:

1. High risk for natural disasters like hurricanes, flooding, and tornadoes due to its proximity to the coast
2. Crime rates can be higher in some areas of Pine Castle compared to the national average
3. Traffic congestion can be an issue on major roads and highways during peak hours
4. High property taxes compared to some other states
5. Extreme heat and humidity during the summer months