What is the Real Cost of Living in Pine Lake?

Are you considering moving to Pine Lake? The Lake Sammamish area is a great place to live. The lake is surrounded by a 19-acre park with woods to explore, playgrounds for kids, and sports facilities. Pine Lake residents enjoy convenient access to Seattle, about 20 miles to the west.

Knowing the actual cost of living in a new area is essential. In this guide, you will find information about rental prices, home purchase prices, utilities, food, transit, and other financial factors. Be informed and make an educated decision about whether you should move to this beautiful city.

Rental prices in Pine Lake

Most real estate in Pine Lake and Lake Sammamish are single-family homes. If you want to rent in the area, your agent will likely guide you to Bellevue, where rent is higher than the national average (you can expect to pay over $2,000 monthly for a one-bedroom apartment). Renting makes sense if you’re unsure how long you’ll be in the area; if that’s you, ask landlords if they offer month-to-month leases.

If you’re not thrilled by rental prices and prefer buying a condo outright, Margo can introduce you to luxury condos in buildings like The Avenue. Condo prices vary depending on factors like the size of the property, its proximity to amenities and public transportation, and parking. While more expensive, owning a condo protects you from inevitable rent hikes and having to negotiate details like utility costs.

Home prices in Pine Lake

The cost of purchasing a home in the Pine Lake area varies depending on the size and location of the property. Working with Margo Allan, you gain access to the area’s finest luxury homes, with prices starting at $1 million. Median list prices fluctuate between $1 million and $2 million; based on recent trends, buyers should plan on spending closer to $2 million in 2023.

There is also the question of inventory. Pine Lake is an exclusive community with a limited housing supply, so it pays to start your house hunt as soon as possible. Sellers can be picky, so be prepared to exercise patience and flexibility in your home search.

When looking for a home in Pine Lake, it is also important to remember that the cost of home ownership includes more than just the purchase price. You will also need to consider the cost of property taxes, insurance, and other home ownership fees.

Utilities in Pine Lake

Regarding utilities, the cost of living in Pine Lake varies depending on the type of utility and the amount of usage. The average energy cost in Sammamish is about $187 per month. Overall, utility prices in Sammamish are about 6% above the national average.

When setting up utilities in Pine Lake, it is essential to compare different providers to find the best deal. Many providers offer discounts and special deals, so research and shop around before deciding. Remember that some providers may require a deposit or minimum usage requirement.

Food costs in Pine Lake

The cost of food in Pine Lake varies depending on where you shop and the type of food you buy. For example, staples like milk and bread cost about 33% more than the national average. Though Pine Lake is somewhat remote, you can find quality restaurants along 228th Ave. The area also has several grocery stores, so you can compare prices and shop around (many stores in Pine Lake offer locally-sourced produce).

Transportation costs in Pine Lake

Transportation costs in Pine Lake vary depending on the type of transportation you use and the distance you are traveling. If you’re moving to Pine Lake, you should probably bring a car, not least because the neighborhood’s walk score is just 17 out of 100. Factor in any monthly loan payments, insurance, and regular maintenance.

Miscellaneous expenses in Pine Lake

In addition to housing, utilities, food, and transportation costs, there are a few other expenses to consider when calculating the cost of living in Pine Lake. A doctor, dentist, or optometrist visit can cost upwards of $150. Meanwhile, a veterinary appointment averages around $70. You can find most of these specialists right on 228th Ave. SE.

Benefits of living in Pine Lake

Besides the tranquility of Pine Lake, Sammamish is a vibrant and diverse city with plenty of opportunities for work and entertainment. Pine Lake is also a great place to raise a family. The town offers an excellent school system, frequent parks, and a tangible sense of community. Whether you’re looking for a relaxing evening stroll or an adventurous day out, there is something for everyone in Pine Lake.

Resources for moving to Pine Lake

A few resources are available to help make your move to Pine Lake easier. For instance, the Washington Gazetteer offers information about Sammamish neighborhoods, volunteer opportunities, and other resources.

When moving to Pine Lake, it is essential to hire the right real estate agent. A local expert can help you find the perfect home in Sammamish, provide up-to-date information about the local market, and help you budget for the cost of living in the city. Additionally, an agent like Margo Allan can help you negotiate the best home price and ensure you get the best deal possible.

Moving to a new area can be a daunting experience; with this comprehensive guide to the actual cost of living in Pine Lake, you can decide whether Sammamish is the right place for you. Pine Lake is a vibrant and diverse area with plenty of recreation opportunities, making it great for families, retirees, and professionals who enjoy getting out and about in their free time.

For further assistance, contact experienced local agent Margo Allan to discuss your house hunt in depth.

*Header photo courtesy of Margo Allan

Work With Margo

Margo Allan is a recognized Seattle Magazine five star broker who specializes in marketing and selling waterfront real estate on the greater Eastside. This laser focus has allowed Margo to amass an impressive level of intellectual capital regarding the benefits and nuances that impact waterfront living.
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