Lloyd Harbor is a beautiful town located in Suffolk County, NY. Here are some potential advantages and disadvantages of owning a home in this area:

Advantages:
- High property values: Lloyd Harbor boasts some of the highest property values in the entire country, making it an attractive investment option for those looking to build wealth through real estate.
- Scenic location: The town is located on the North Shore of Long Island and boasts stunning waterfront properties and stunning views of Long Island Sound.
- Good schools: Lloyd Harbor is home to several top-rated schools, which can make it an excellent place to raise a family.
- Low crime: generally, the town has a low crime rate compared to other areas in Suffolk county.

Disadvantages:
- High costs of living: While the area's high property values can be an advantage, they can also drive up the cost of living in the town.
- Serious weather events: The town is prone to serious weather events such as hurricanes and tropical storms. This can pose a risk to your home and property, and can also make it difficult to obtain insurance and/or mortgage financing.
- Limited local amenities: While the location is great for those who want a scenic, peaceful place, it may not be the best option for those looking for a bustling downtown area.

It is important you do further research and hire a local real estate agent or property inspector for more specific details about Lloyd Harbor as well as the home you are interested in purchasing before making a decision.