Great Neck is a desirable suburb located in Nassau County, New York, that offers both the comfort and advantages of suburban life, and the convenience of urban access due to its close proximity to New York City. Here are some potential pros and cons to consider for home ownership in Great Neck:

Pros:
1. Location: Great Neck boasts a prime location that is easily accessible to New York City with its proximity to major highways and public transport, but still provides a respite from the pace and density of city living.
2. Great Schools: Great Neck is known for its excellent school system, with top-ranked schools like Great Neck South Middle School and North High School.
3. Diverse community: The city of Great Neck boasts a diverse community, attracting residents from all backgrounds.
4. High home values: Great Neck has a strong real estate market, with high home values and strong demand for properties.

Cons:
1. High Cost of Living: The cost of living in Great Neck is higher than the national average, meaning that you can expect to pay more for groceries, housing, and other expenses in this area.
2. High Property Taxes: Property taxes are generally higher in Nassau County which can translate into higher monthly housing costs, and may make it more difficult to maintain purchase power if your income does not keep pace with rising property taxes.
3. Limited Nightlife and Entertainment Options: While Great Neck features many parks and outdoor recreational opportunities, the area is quieter and may not have as varied and accessible of a nightlife or entertainment scene as more urban areas.

Overall, Great Neck is a great place to live and raise a family, but the high cost of living and property taxes should be taken into consideration.