1 Wallace Lake Rd

Pace, FL 32571

$229,900
Price
263,102 / 6.04
Lot Size / Acres
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Description

Tucked away in the highly sought-after Wallace Lake area, this beautiful 6-acre property offers the perfect blend of privacy and convenience. Surrounded by mature hardwoods and towering pines, the wooded setting provides a peaceful, natural backdrop for your dream home. With no HOA restrictions, you’ll have the freedom to design and enjoy your property as you wish. Despite its secluded feel, this parcel is just minutes from shopping, dining, and top-rated schools — offering the ideal balance of country...Tucked away in the highly sought-after Wallace Lake area, this beautiful 6-acre property offers the perfect blend of privacy and convenience. Surrounded by mature hardwoods and towering pines, the wooded setting provides a peaceful, natural backdrop for your dream home. With no HOA restrictions, you’ll have the freedom to design and enjoy your property as you wish. Despite its secluded feel, this parcel is just minutes from shopping, dining, and top-rated schools — offering the ideal balance of country living and modern convenience.
  1. Listed by Shane Thomas • Levin Rinke Realty • shanet@levinrinkerealty.com

Property Details for 1 Wallace Lake Road

Zoning Description
Agricultural,Res Single
LISTING UPDATED: 03/17/2026 10:00 PM

Property Details for 1 Wallace Lake Road

StatusActive
MLS #672003
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Land/Acreage
Year Built-
Lot Size6.04 AC
CountySanta Rosa County
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Location

Listing Courtesy of Levin Rinke Realty
Add your commute

Building Information for 1 Wallace Lake Road

Lot Size6.04 AC

Payment Calculator

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$1,116 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,116

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Wallace Lake Road

Summary
Location and General Information
  • Directions: From Chumuckla Hwy, Head West on Wallace Lake Rd, turn left on charming rd. Follow road to end of fence line, turn left and go straight
  • Latitude: 30.67848132
  • Longitude: -87.22147582
  • Subdivision Name: None
Taxes and HOA Information
  • Tax Legal Description: (*NEW PARCEL FOR 2012 ROLL:) COMM AT TH SE COR OF SEC THN N86*39'03"W 1486.97 FT TO POB THN CONT 921.71 FT THN N03*20'57"E 654.71 FT THN S44*07'14"E 548.70 FT THN S57*54'13"E 590.08 FT TO POB TOG/W A 40 FT WIDE STRIP OF LAND FOR ING/EGR/UTILITIES AS DES IN OR 3094 PG 1900 (PARCEL A-S, OUT OF #1.3)
  • Association: No
  • Assn: NONE
School Information
  • Elementary School: Wallace Lake K-8
  • High School: Central
  • Middle Or Junior School: WALLACE LAKE K-8
Property
Lot Information
  • Lot Features: Interior Lot, No Improvements
  • Lot Size Dimensions: 651x1126
  • Road Frontage Type: Easement
  • Road Surface Type: Unimproved
  • Horse: No
Property and Assessments
  • Documents Count: 0
  • Parcel Number: 142N300000001120000
  • MISCELLANEOUS: CONVENANTS, EASEMENT
  • Photos Count: 5
Utilities
  • Sewer: None
  • Utilities: Natural Gas Not Available
  • Water Source: None
Rental
Rental Information
  • Land Lease Amount Frequency: Annually
  • Leasable Area Units: Square Feet
  • Lease Considered: No

Property History for 1 Wallace Lake Road

DateEvent & SourcePriceAppreciation
Mar 16, 2026

Price Change

PENSACOLA #672003

$229,900—
Oct 7, 2025

Price Change

PENSACOLA #672003

$249,900—
Oct 7, 2025

Listed (Active)

PENSACOLA #672003

$229,900—
Mar 25, 2013

Withdrawn

PENSACOLA #412184

—
Jul 21, 2011

Listed (Active)

PENSACOLA #412184

$259,900—
Aug 28, 2009

Expired

PENSACOLA #275189

—
Oct 24, 2008

Sold

PENSACOLA #354917

$90,000—
Jul 15, 2008

Listed (Active)

PENSACOLA #354917

$160,000—
Nov 25, 2007

Expired

PENSACOLA #329297

—
May 17, 2007

Listed (Active)

PENSACOLA #329297

$120,000—
Mar 14, 2005

Listed (Active)

PENSACOLA #275189

$235,000—
DateEvent & SourcePrice
03/16/2026

Price Change

PENSACOLA #672003

$229,900
10/07/2025

Price Change

PENSACOLA #672003

$249,900
10/07/2025

Listed (Active)

PENSACOLA #672003

$229,900
03/25/2013

Withdrawn

PENSACOLA #412184

—
07/21/2011

Listed (Active)

PENSACOLA #412184

$259,900
08/28/2009

Expired

PENSACOLA #275189

—
10/24/2008

Sold

PENSACOLA #354917

$90,000
07/15/2008

Listed (Active)

PENSACOLA #354917

$160,000
11/25/2007

Expired

PENSACOLA #329297

—
05/17/2007

Listed (Active)

PENSACOLA #329297

$120,000
03/14/2005

Listed (Active)

PENSACOLA #275189

$235,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1 Wallace Lake Road

This home is within Santa Rosa.
Rating
School
Type
Grades
Distance
HIGH ROAD-1421
Public - K to 12
Pace High School
Public - 9 to 12
Santa Rosa Online Virtual Instruction Program
Public - K to 12
Santa Rosa Virtual Franchise
Public - K to 12
Rating
School
Distance
HIGH ROAD-1421
PublicK to 12

Pace High School
Public9 to 12

Santa Rosa Online Virtual Instruction Program
PublicK to 12

Santa Rosa Virtual Franchise
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1 Wallace Lake Road, Pace, FL 32571

1 Wallace Lake Road is a 6.04 ac of land for sale in Pace, FL 32571. This property was listed for sale on October 7, 2025 by Levin Rinke Realty, it's currently listed at $229,900. It has been on the market for a total of 174 days and was last sold on October 24, 2008. This listing's school district is Santa Rosa. Nearby schools include HIGH ROAD-1421, Pace High School and Santa Rosa Online Virtual Instruction Program. 1 Wallace Lake Road is a 0-bed, 0-bath, 6.04 ac of land on a 263,102 sq. ft. / 6.04 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Levin Rinke Realty

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.