Here are some potential pros and cons of purchasing real estate in South Point, Texas:

Pros:
- South Point is located in Cameron County, which is home to a number of vibrant towns and natural areas. The county is known for its beautiful beaches, wildlife refuges, and hiking areas.
- The cost of living in South Point is lower than the national average, which could make it an attractive place for people looking for affordable housing.
- The climate in South Point is warm and sunny, which could be a draw for people who enjoy spending time outdoors.

Cons:
- South Point is a very small village with a population of fewer than 200 people, so there may be limited employment opportunities or community resources available in the immediate area.
- While Cameron County has many natural wonders, it is also prone to natural disasters such as hurricanes and flooding, which could put homes in South Point at risk.
- South Point is located near the U.S.-Mexico border, which could potentially impact the safety and security of the area.

It's important to note that these are just a few potential pros and cons and that there are many factors that could impact the decision to purchase real estate in South Point. It's always a good idea to do extensive research and speak with a local real estate agent before making any major financial decisions.