3217 Wallace Lake Rd

Pace, FL 32571

$240,000
Last Sold Price
2
Beds
2,000 Sq. Ft.
$120 / Sq. Ft.
2,000
Sq. Ft.
$120
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 11/14/25
Sold 11/14/25

Description

Wow! Don't Miss this Opportunity! Take a look at this UNIQUE Multi-Unit/Residential Property - ON ALMOST AN ACRE - with 1,000 sq ft of STORAGE/WAREHOUSE space, located in PACE, within the growing Wallace Lake area....and a minute/walking distance to the Piggly Wiggly and Wallace Lake K-8 school. This property features TWO - 1 bedroom/1 bathroom - units that are each 500 sq ft, and then 1,000 sq ft of storage and warehouse space within the middle of the building, but between both units. Each unit...Wow! Don't Miss this Opportunity! Take a look at this UNIQUE Multi-Unit/Residential Property - ON ALMOST AN ACRE - with 1,000 sq ft of STORAGE/WAREHOUSE space, located in PACE, within the growing Wallace Lake area....and a minute/walking distance to the Piggly Wiggly and Wallace Lake K-8 school. This property features TWO - 1 bedroom/1 bathroom - units that are each 500 sq ft, and then 1,000 sq ft of storage and warehouse space within the middle of the building, but between both units. Each unit features: kitchen with granite countertops, LVP flooring, and inside washer/dryer hookups. The storage/warehouse space has a center roll up door, and there are multiple out buildings on the property, as well. There are currently tenants in each of the units, but they are on a month to month basis. You have so much potential here that you don't want to miss this! Enjoy living in one unit and renting out the other one, or it can be an investment opportunity!
  1. Listed by Lynn Green • Coldwell Banker Realty
  2. Listed by Hannah Rogers • Coldwell Banker Realty

Property Details for 3217 Wallace Lake Road

Zoning Description
Agricultural,Res Multi
LISTING CLOSED: 11/14/2025 12:00 AM

Property Details for 3217 Wallace Lake Road

StatusSold
MLS #667457
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2007
Lot Size0.92 AC / 39,988 SF
CountySanta Rosa County
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Location

Listing Courtesy of Coldwell Banker Realty

Sold By Coldwell Banker Realty

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Building Information for 3217 Wallace Lake Road

Stories1Year Built2007Building Size-Lot Size0.92 AC / 39,988 SF

Payment Calculator

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$1,340 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,220

Property Taxes

$120

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3217 Wallace Lake Road

Summary
Location and General Information
  • Directions: Go North on Chumuckla Hwy - Past 5 Points. Turn Left onto Wallace Lake Rd. Home is at the corner of Music Lane and Wallace Lake Rd (right before you get to Music Lane)
  • Latitude: 30.68429545
  • Longitude: -87.18695351
  • Subdivision Name: None
Taxes and HOA Information
  • Tax Legal Description: *DESCRIPTION UPDATE FOR 2023* COM AT NW COR OF NW4 TH OF SE4 OF SECTION 18 TOWNSHIP 2 NORTH RANGE 29 WEST TH S88*17'49" E 450 FT TO ELY R/W 30 FT ESMT & POB TH CONT S88*17'49" E 200 FT TH S 01*46'20"E W 200 FT TH N 88*17'49" W 200 FT TH N 01*46'20" E 200 FT TO POB & ALSO AN ESMT FOR INGRESS & EGRESS AS DES IN OR 4337 PG 1104
  • Association: No
Parking
  • Parking Features: Front Entrance, Converted Garage
  • Carport: No
  • Garage: No
School Information
  • Elementary School: Wallace Lake K-8
  • High School: Central
  • Middle Or Junior School: WALLACE LAKE K-8
Property
Lot Information
  • Levels: One
  • Lot Features: Corner Lot
  • Other Structures: Yard Building, Workshop
  • Road Responsibility: County Maintained Road
  • Road Surface Type: Paved
  • Roof: Metal
  • Cooling: Yes
  • Heating: Yes
  • Horse: No
  • New Construction: No
  • Property Attached: No
Property and Assessments
  • Documents Count: 2
  • Parcel Number: 182N290000001330000
  • Homestead: No
  • Photos Count: 17
  • Property Condition: Resale
Utilities
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Pool Features: None
Interior Features
  • Appliances: Electric Water Heater, Built In Microwave, Refrigerator
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Interior Features: Storage, Ceiling Fan(s)
  • Laundry Features: Inside, W/D Hookups
  • Stories: 1
Room Information
Room Information
  • Room Bathroom Features: Remodeled
  • Room Dining Room Features: None
  • Room Kitchen Features: Remodeled, Granite Counters
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Rent Restrictions: No
  • Lease Considered: No

Property History for 3217 Wallace Lake Road

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Sold (Public Record)

Public Record #1921046360

$240,000—
Nov 14, 2025

Sold (Public Record)

Public Record #1921046360

$240,000

+15.2% / yr

Nov 14, 2025

Sold

PENSACOLA #667457

$240,000—
DateEvent & SourcePrice
11/14/2025

Sold (Public Record)

Public Record #1921046360

$240,000
11/14/2025

Sold (Public Record)

Public Record #1921046360

$240,000

+15.2% / yr

11/14/2025

Sold

PENSACOLA #667457

$240,000

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

Public Records for 3217 Wallace Lake Road

Taxable ValueLand$28,458Additions$80,803Total$109,261
Tax Record2025$1,444 ($120 / month)
Home Facts
Beds2Total Finished SqFt2,000 SqFtAbove Grade Finished SqFt2,000 SqFtStories1Lot Size39,988 SqFtStyleSingle Family ResidenceYear Built2007ZoningAG-RRCountySANTA ROSAAPN18-2N-29-0000-00133-0000

Schools near 3217 Wallace Lake Road

This home is within Santa Rosa.
Rating
School
Type
Grades
Distance
Pace K-8
Public - PK to 8
Pace High School
Public - 9 to 12
East Bay K-8
Public - PK to 8
COASTAL CONNECTIONS ACADEMY-8004
Charter - K to 5
Rating
School
Distance
Pace K-8
PublicPK to 8

Pace High School
Public9 to 12

East Bay K-8
PublicPK to 8

COASTAL CONNECTIONS ACADEMY-8004
CharterK to 5

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker 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.