Here are some pros and cons of buying property in Little Elm, Texas:

Pros:
1. Affordable housing - Little Elm offers more affordable housing options compared to other neighboring cities.
2. Boating and Water Activities - Lake Lewisville, which shares Little Elm's southern border, offers boating, parasailing, and other water activities.
3. Growing City- Little Elm is growing in population and infrastructure which is leading to more amenities for residents.
4. Good location - Residents of Little Elm enjoy living within a reasonable driving distance from the DFW Metroplex and its major employment centers.

Cons:
1. Limited Public Transportation - While Little Elm provides local shuttle service, public transportation options are limited in Little Elm compared to other towns in the DFW Metroplex.
2. Heavy traffic- Although Little Elm is situated on some major highways running through North Texas, during peak hours, residents often face heavy traffic.
3. Limited job opportunities - While the city is growing, there may be limited job opportunities, especially high-paying ones, for residents.
4. Severe weather patterns - Little Elm and North Texas more generally, see severe weather patterns that may include hail and tornados.

Overall, Little Elm is a charming place to live, but one that comes with its own unique set of challenges. It's essential to consider your needs and wants before making a final decision.