STICKER SHOCK: Most Expensive Home in Walnut Creek Sold
One of Walnut Creek’s oldest neighborhoods, Lakewood is a quaint, hilly 400-home community off of Homestead Road. Envisioned a century ago as the nucleus for a summer resort, the lake that gave it a namesake—Lake Lakewood—is now the private enclave of a handful of homes built around it, barely visible to passersby. While most of the homes in Lakewood are modest 1940s ranchers, one in particular stands out for its architectural legacy and secluded location on the lake.
Built in 1935 by wealthy local businessman Robert Burgess, who also developed Diablo Country Club, the Pino Crest home was originally conceived as a country club, as part of Burgess’ Lakewood residential enclave with a three-acre lake for recreation as the centerpiece. It was expected the 1936 opening of the Caldecott Tunnel would increase demand for housing in Walnut Creek and attract San Francisco families.
Originally designed by prominent California architect Julia Morgan, most famous for The Hearst Castle, the elegant 4500-square-foot ranch-style adobe sits alone atop a promontory on one acre of lakefront property. Recently the historical home earned a new distinction, it sold off-market for a record $3,880,000, the most expensive home ever sold in Walnut Creek.
Despite multiple renovations over the decades, the sprawling five-bedroom, five-bathroom property retains some of its old-world charm. Sweeping views of the lake and Mt. Diablo are visible from every room and a sloping hill leads to a private dock for boating and swimming. In the grand living room, dramatic dark wood beams arch against a white ceiling, preserving the integrity of Julia Morgan’s signature style. Deborah Burstyn contributed to this story. Photography by Jim Fidelibus.