$309,000

3217 Wallace Lake Rd Pace, FL 32571

Estimated payment $1,791/month

Total Views 2,610
2 Beds
2 Baths
2,000 Sq Ft
$154 Price per Sq Ft

Highlights

  • Updated Kitchen
  • Corner Lot
  • No HOA
  • 0.92 Acre Lot
  • Granite Countertops
  • Converted Garage

About This Home

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!

Listing Agent

Lynn Green

Coldwell Banker Realty Listed on: 07/09/2025

Coldwell Banker Realty

Co-Listing Agent

Hannah Rogers

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 2007

Lot Details

  • 0.92 Acre Lot
  • Corner Lot

Parking

  • Converted Garage

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Storage
  • Washer and Dryer Hookup
  • Inside Utility

Kitchen

  • Updated Kitchen
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Outdoor Features

  • Separate Outdoor Workshop

Schools

  • Wallace Lake K-8 Elementary And Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 182N290000001330000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,330

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Stories: 1
  • Parcel Number: 182N290000001330000
  • Property Type: Residential
  • Year Built: 2007
  • Electric: Circuit Breakers
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.918
  • Road Surface Type: Paved
  • Co List Office Mls Id: CBU005
  • Co List Office Phone: 850-736-8050
  • Subdivision Name: None
  • 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)
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Built In Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Storage, Ceiling Fan(s)
  • Living Area: 2000
  • Bedroom/Bathroom Features: Remodeled
  • Dining Room Features: None
  • Room Kitchen Features: Remodeled, Granite Counters

Exterior Features

  • Roof: Metal
  • Lot Features: Corner Lot
  • Pool Features: None
  • Foundation Details: Slab
  • Other Structures: Yard Building, Workshop
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Front Entrance, Converted Garage

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Septic Tank
  • Laundry Features: Inside, W/D Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Wallace Lake K-8
  • High School: Central
  • Middle Or Junior School: WALLACE LAKE K-8

Lot Info

  • Lot Size Sq Ft: 39988.08
  • Zoning Description: Agricultural,Res Multi

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,330 $105,079 $25,704 $79,375
2023 $1,330 $101,572 $22,950 $78,622
2022 $704 $53,311 $15,606 $37,705
2021 $240 $42,753 $0 $0
2020 $234 $42,163 $0 $0
2019 $235 $42,136 $0 $0
2018 $442 $27,237 $0 $0
2017 $356 $27,209 $0 $0
2016 $365 $27,380 $0 $0
2015 $375 $27,380 $0 $0
2014 $386 $27,721 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $309,000 +72.6% $155 / Sq Ft
10/19/2022 10/19/22 Price Changed $179,000 +11.9% $90 / Sq Ft
10/17/2022 10/17/22 Sold $160,000 -10.6% $80 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $179,000 -- $90 / Sq Ft
Source: Pensacola Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 Guarantee Title
Quit Claim Deed $17,500 --
Source: Public Records

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Source: Pensacola Association of REALTORS®

MLS Number: 667457

Pensacola Association of REALTORS®

APN: 18-2N-29-0000-00133-0000