175 Richard Ln, Walnut Creek, California 94595, Walnut Creek, - bed, bath

home-pic
ACTIVE$1,998,000
175 Richard Ln, Walnut Creek, California 94595
3Beds
3Baths
2,727Sqft
55,321Lot
Year Built
1946
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41115674
Home ConditionTear down
Features
Good View:
Pool
Patio
View-

About this home

Value is in this spectacular land! Perfectly situated at the end of a quiet cul-de-sac, this flat 1.27-acre lot offers an incredible opportunity to create your dream home in Walnut Creek’s desirable Saranap neighborhood. The single-story rancher retains its original charm and sits surrounded by mature apple, fig, pomegranate, and persimmon trees. The expansive, level grounds provide endless possibilities—remodel the existing home, build a new custom estate with an ADU, design a multigenerational compound, or explore potential subdivision options (Buyers to Verify). A den can serve as a fourth bedroom, offering flexible living space. Enjoy the peaceful, nature-filled setting with a detached three-car garage, an abundance of detached storage sheds that can be used as workshops and historic water tower with well, pump, and pressure tank (unknown if operable). Ideally located just minutes from downtown Walnut Creek—home to world-class shopping, dining, and cafés—and close to top-rated Lafayette schools, Hwy 680, BART, and local airports. Whether you choose to restore its vintage charm or develop the property into something entirely new, this rare flat parcel offers exceptional potential in one of the East Bay’s most coveted neighborhoods.

Price History

Date
Event
Price
10/23/25
Listing
$1,998,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (46 Listings)
Beds33
50%
Baths32
53%
Square foot2,7271,830
77%
Lot Size55,32111,761
98%
Price$2M$1.48M
77%
Price per square foot$733$795
36%
Built year19461952
13%
HOA$883
Days on market13131
2%
Condition Rating
Tear down

Built in 1946, this property is 78 years old and the listing explicitly states, 'Value is in this spectacular land!' It suggests options to 'remodel the existing home, build a new custom estate,' or 'explore potential subdivision options,' indicating the structure itself is not the primary asset. The description 'retains its original charm' strongly implies outdated kitchen, bathrooms, and major systems with no significant recent renovations. Images confirm an aged exterior, cracked driveway, old sheds, and an outdated interior aesthetic. The property's value is clearly based on the land and its redevelopment potential, aligning with the 'Tear-down' criteria.
Pros & Cons

Pros

Exceptional Development Potential: The spectacular 1.27-acre flat lot offers significant opportunities for building a new custom estate, ADU, multi-generational compound, or exploring subdivision options.
Premium Location: Ideally situated in Walnut Creek’s desirable Saranap neighborhood, minutes from downtown amenities, top-rated Lafayette schools, Hwy 680, BART, and local airports.
Private Cul-de-Sac Setting: Located at the end of a quiet cul-de-sac, providing enhanced privacy, reduced traffic, and a peaceful, nature-filled environment.
Abundant Mature Landscaping: The expansive grounds are surrounded by mature apple, fig, pomegranate, and persimmon trees, adding natural beauty and a serene ambiance.
Versatile Outbuildings: Includes a detached three-car garage and an abundance of detached storage sheds that can be used as workshops, offering practical utility and flexible space.

Cons

Dated Existing Structure: The 1946 single-story rancher retains its 'original charm,' implying it likely requires substantial renovation or is a tear-down, with the primary value being in the land.
Unverified Water System Functionality: The historic water tower with well, pump, and pressure tank has unknown operability, posing a potential cost for repair or lack of a functional asset.
Above Estimated Market Value: The current listing price of $1,998,000 is approximately 6% higher than the property's estimated value of $1,874,579, which may impact buyer interest and negotiation.

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