245 Lakewood Road, Walnut Creek, California 94598, Walnut Creek, 94598 - 4 bed, 3 bath

245 Lakewood Road, Walnut Creek, California 94598 home-pic-0
ACTIVE$2,488,888
245 Lakewood Road, Walnut Creek, California 94598
4Beds
3Baths
2,395Sqft
14,288Lot

Price Vs. Estimate

The estimated value ($2,127,858.705) is $361,029.295 (14%) lower than the list price ($2,488,888). This property may be overpriced.

Key pros and cons

Top Pros:
Exclusive Lakeside Location & Private Beach Access: This property is one of only 16 homes on the lake and uniquely offers private beach access directly from the house, providing unmatched privacy and convenience.
Top Cons:
Age of Property & Potential for Older Systems: Built in 1941, while some modern finishes are present, the property may still have original or aging major systems (e.g., plumbing, electrical, HVAC) that could require future investment.

Compared to the nearby listings

Price:$2.49M vs avg $1.52M (+$963,888)96%
Size:2,395 sqft vs avg 2,161 sqft71%
Price/sqft:$1.0K vs avg $73298%

More Insights

Built in 1941 (84 years old).
Condition: Despite being built in 1941, the property has undergone significant and recent updates, particularly in the kitchen and bathrooms, as confirmed by the listing description and images. The kitchen features stainless steel appliances, granite countertops, and modern recessed lighting, while the bathrooms boast updated vanities, tiled showers, and contemporary fixtures. The flooring, a mix of hardwood and clean carpet, appears well-maintained throughout. The overall condition is move-in ready with no immediate renovations required. While the updates are not brand new (within the last 5 years) to warrant an 'Excellent' score, their style and condition suggest an extensive renovation within the last 5 to 15 years, aligning perfectly with the 'Good' criteria.
Year Built
1941
Close
-
List price
$2.49M
Original List price
$2.5M
Price/Sqft
$1,039
HOA
-
Days on market
-
Sold On
-
MLS number
41110860
Home ConditionGood
Features
Excellent View:
Deck
View-

About this home

ONE-OF-A-KIND - it truly is! This Lakehouse sits atop the tranquil shores of Walnut Creek’s hidden lake. This rare and cherished 4-bedroom, 3-bath home is being offered for the first time in 50 years. Lovingly maintained by its long-time owners, it is more than a residence—it’s a piece of the lake’s history. One of only 16 homes on the water, it holds the unique distinction of being the only property with private beach access directly from the house, offering unmatched privacy and convenience. Beyond its idyllic setting, the home features inviting sunrooms filled with natural light, a dedicated office for work, a wine cellar perfect for the collector/entertainer, and even an indoor putting green for golf enthusiasts. Modern finishes that includes updated kitchen, EV charger, multiple skylights, in-law suite downstairs, it's designed for both quiet moments and lively gatherings. Imagine morning coffee on the deck, afternoons swimming or kayaking, and evenings spent with friends by the water. Just 1.5 miles from vibrant downtown Walnut Creek, it offers the rare balance of peaceful seclusion, shopping, dining, cultural attractions, and the added benefit of top-rated Walnut Creek schools. Opportunities like this are exceptionally rare—a true lakeside legacy awaiting its next chapter.

Nearby schools

7/10
Indian Valley Elementary School
Public,K-50.7mi
9/10
Walnut Heights Elementary School
Public,K-50.8mi
7/10
Bancroft Elementary School
Public,K-51.7mi
7/10
Walnut Creek Intermediate School
Public,6-80.7mi
8/10
Tice Creek
Public,K-81.7mi
8/10
Foothill Middle School
Public,6-81.8mi
9/10
Las Lomas High School
Public,9-121.3mi
9/10
Northgate High School
Public,9-122.0mi
Condition Rating
Good

Despite being built in 1941, the property has undergone significant and recent updates, particularly in the kitchen and bathrooms, as confirmed by the listing description and images. The kitchen features stainless steel appliances, granite countertops, and modern recessed lighting, while the bathrooms boast updated vanities, tiled showers, and contemporary fixtures. The flooring, a mix of hardwood and clean carpet, appears well-maintained throughout. The overall condition is move-in ready with no immediate renovations required. While the updates are not brand new (within the last 5 years) to warrant an 'Excellent' score, their style and condition suggest an extensive renovation within the last 5 to 15 years, aligning perfectly with the 'Good' criteria.
Pros & Cons

Pros

Exclusive Lakeside Location & Private Beach Access: This property is one of only 16 homes on the lake and uniquely offers private beach access directly from the house, providing unmatched privacy and convenience.
Unique & Extensive Lifestyle Amenities: The home boasts inviting sunrooms, a dedicated office, a wine cellar, and even an indoor putting green, catering to a luxurious and active lifestyle.
Modern Updates & Versatile Living Spaces: Features include an updated kitchen, EV charger, multiple skylights, and a downstairs in-law suite, offering modern comforts and flexible living arrangements.
Prime Location with Top-Rated Schools: Situated just 1.5 miles from vibrant downtown Walnut Creek, it offers peaceful seclusion combined with easy access to amenities and benefits from top-rated local schools.
Rarity & Legacy Property Status: Being offered for the first time in 50 years, this is an exceptionally rare 'lakehouse' opportunity, representing a true lakeside legacy.

Cons

Age of Property & Potential for Older Systems: Built in 1941, while some modern finishes are present, the property may still have original or aging major systems (e.g., plumbing, electrical, HVAC) that could require future investment.
Specialized Waterfront Maintenance: The unique private beach access and lakeside setting may entail specific and potentially costly maintenance requirements for the waterfront infrastructure.
Lack of Mentioned Central Air Conditioning: The description does not specify a central cooling system, which could be a drawback for comfort during Walnut Creek's warmer months.

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