The lighthouse is known as Walton Lighthouse because Charles Walton, a local businessman, contributed a significant part of the construction cost in memory of his late brother Derek Walton, who was a merchant seaman. The Walton lighthouse was built in 2001 with donations including $60,000 from Charles Walton.[4]
The Santa Cruz Breakwater Lighthouse is not to be confused with the Santa Cruz Light about 1.5 miles (2.4 km) to the west above Steamer Lane.