I can give you some general pros and cons of buying real estate in Cobb Island, Maryland, but keep in mind that every property and location is unique and may have distinct advantages and disadvantages.

Pros of buying real estate in Cobb Island, Maryland:

1. Tranquil and serene atmosphere: Cobb Island is a very peaceful place that is ideal for unwinding, getting away from the hustle and bustle of big cities or busy areas.

2. Beautiful views and waterfront location: Cobb Island is surrounded by the Potomac River and the Wicomico River, providing beautiful waterfront views and recreational opportunities.

3. Affordable prices: Compared to other properties in the Washington D.C. metropolitan area, properties on Cobb Island can be relatively affordable.

4. Boating and fishing: The region is known for its excellent fishing and boating amenities, which can be very attractive to those who enjoy water activities.

Cons of buying real estate in Cobb Island, Maryland:

1. Potential flooding: Cobb Island is a low-lying area near rivers, which means that it is susceptible to flooding as well as frequent storm surges.

2. Natural disasters: The area is exposed to other natural disasters such as hurricanes, storms, and even tornadoes.

3. Limited commercial development: Access to shopping, dining, and entertainment options other than recreational options like boating and fishing is limited.

4. Lack of public transportation: Public transportation is very limited in the area, which can be a hassle for daily commuters.

That being said, I recommend that you seek more information on Cobb Island and the specific real estate properties you are interested in before making a final decision.