$240,000
SOLD NOV 14, 2025

3217 Wallace Lake Rd Pace, FL 32571

-- Bed
2 Baths
2,000 Sq Ft
39,640 Sq Ft Lot

Recently Sold

$120 Per Sq Ft

22% Below List Price

98 Days on Market

Highlights

  • Corner Lot
  • Converted Garage
  • Central Heating and Cooling System
  • Granite Countertops
  • Inside Utility
  • Ceiling Fan

About This Home

As of November 2025

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!

Last Agent to Sell the Property

Lynn Green

Coldwell Banker Realty Listed on: 07/09/2025

Coldwell Banker Realty

Co-Listed By

Hannah Rogers

Coldwell Banker Realty

Last Buyer's Agent

Lynn Green

Coldwell Banker Realty Listed on: 07/09/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • Corner Lot

Parking

  • Converted Garage

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

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

Kitchen

  • Built-In Microwave
  • Granite Countertops

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

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 182N290000001330000

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0.91 Acres

Listing Details

  • Stories: 1
  • Parcel Number: 182N290000001330000
  • Property Type: Residential Income
  • Year Built: 2007
  • Electric: Circuit Breakers
  • Lease Term: Month To Month
  • Property Sub Type: Other
  • Horses: No
  • 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
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Built In Microwave, Refrigerator
  • Full Bathrooms: 2
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Roof: Metal
  • Lot Features: Corner Lot
  • Foundation Details: Slab
  • Other Structures: Storage, Yard Building
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Front Entrance, Converted Garage

Utilities

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

Schools

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

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2025
Closed on
Nov 14, 2025
Sold by
Easy To Remember Development Llc
Bought by
Cask Strength Barrel Products Llc
Seller's Agent
Lynn Green
Coldwell Banker Realty
Buyer's Agent
Lynn Green
Coldwell Banker Realty
List Price
$309,000
Sold Price
$240,000
Premium/Discount to List
-$69,000
-22.33%
Views
43
Current Estimated Value
$255,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,865
Avg. Annual Appreciation
19.25%
Original Mortgage
$165,000
Outstanding Balance
$164,532
Interest Rate
6.3%
Mortgage Type
Balloon
Estimated Equity
$91,621

Purchase Details

Listed on
Aug 3, 2022
Closed on
Oct 14, 2022
Sold by
Jimenez Heather
Bought by
Easy To Remember Development Llc
Seller's Agent
ALEX BACH
The Realty Vault
Buyer's Agent
ALEX BACH
The Realty Vault
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%

Purchase Details

Closed on
Aug 6, 2002
Sold by
Coulter Dianna G
Bought by
Coulter Randall W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $240,000 Marina Title
Warranty Deed $155,000 Guarantee Title
Quit Claim Deed $17,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,000 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 Sold $240,000 -22.3% $120 / Sq Ft
10/15/2025 10/15/25 Pending -- -- --
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 View Prior Sale
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®

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
2025 $1,395 $109,261 $28,458 $80,803
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

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 667461

Pensacola Association of REALTORS®

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

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