$740,000

2854 Wallace Lake Rd Pace, FL 32571

$8,788
Closing credit¹
4 beds
3 full
3,268 sqft
1.1 acres
$226 / sqft
House

Property details

About 2854 Wallace Lake Rd

Step through the elegant iron gate into a private courtyard, a stunning introduction to this exquisite estate. With three separate entrances, this home offers seamless indoor-outdoor living. From the Juliet balcony of the upstairs bonus room, take in the beauty of the courtyard below before entering through grand double doors of the main entrance into the expansive open-concept living, dining, and kitchen area. Rich wood-look tile floors, soaring ceilings, and a natural gas fireplace create an atmosphere of warmth and sophistication. A hidden bookcase door conceals a utility closet, while decorative shiplap and plantation shutters add timeless charm. The recently-updated heart of the home--the gorgeous kitchen--is a masterpiece. Chicago brick floors set the stage for a massive Quartzite-topped island, complete with a built-in microwave, wine cooler, and custom cabinetry. Thoughtfully-designed storage includes an oversized spice pantry and pull-out drawers, while the gas stove is framed by a striking decorative hood and handmade Moroccan tile backsplash. A walk-in pantry with beadboard and wood shelving completes this culinary haven. Tucked behind the kitchen, a staircase leads to the over-garage bonus room, offering flexibility for a media room, workout space, or whatever you need. The primary suite is a retreat of its own, featuring a tray ceiling, dual walk-in closets, and a spa-like ensuite with a soaking tub, separate shower, and dual vanities. The additional bedrooms also feature ample storage. A private in-law suite boasts direct courtyard access, a separate living area, and a full bath. Step outside to your personal oasis—an expansive backyard featuring a gas-heated gunite pool with spa. A newly completed pergola and back patio (2023) offer the perfect setting for entertaining. Additional upgrades include a whole-house natural-gas generator, new windows (2023), a 2020 roof, and a storage shed. Luxury, comfort, and timeless elegance await. Welcome home.

Highlights

Home typeSingle Family Residence
HeatingNatural Gas
StatusAccepting Backup Offers
(Contingent)
CoolingCentral Air, Ceiling Fan(s)
Size3,268 sqft
Lot size1.14 Acres
Year built2006
Parking2 Car Garage, Side Entrance, Garage Door Opener
MLS #658318
Attached garage2 spaces

Virtual tour

Summary

  • MLS Number: 658318
  • MLS Name: Pensacola MLS
  • Office Name: KELLER WILLIAMS REALTY GULF COAST
  • Office Phone: (850) 471-5000
  • Listing Agent: Theresa terry Mahoney

Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring a front yard

$740,000

2854 Wallace Lake Rd

$8,788

closing credit¹

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Price information

Property sales

DateEventPrice
Jul 13, 2022
Home Sold
$620,000
Sep 18, 2018
Home Sold
$340,000
May 10, 2006
Home Sold
$358,500

Tax history

YearAssessmentProperty Tax
2023$407,066$4,811
2022$277,192$3,140
2021$269,118$3,140

History based on county public records data.

Nearby schools

6

S. S. Dixon Intermediate School

Public District 3-5

3.8 mi

5540 Education Dr

7

Berryhill Elementary School

Public District PK-5

5.7 mi

4900 Berryhill Rd

8

Chumuckla Elementary School

Public District PK-6

6.9 mi

2312 Highway 182

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $86,700. Most Pace, FL residents have annual incomes between $35k-100k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

12%
<35k
47%
35k-100k
31%
100k-200k
10%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

21%
Single, No Kids
8%
Single, with Kids
37%
Married, No Kids
34%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
11%
12-17 yrs old
14%
18-34 yrs old
47%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • College FootballCollege Football
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • BJs Wholesale ClubBJs Wholesale Club
  • Best BuyBest Buy
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • PaneraPanera
  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • InfinitiInfiniti
  • RamRam
  • LexusLexus

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • Contemporary ChristianContemporary Christian
  • OldiesOldies
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2854 Wallace Lake Rd

This home is located at 2854 Wallace Lake Rd in Pace, FL and zip code 32571 in the Wallace neighborhood. This 3,268 square foot home, which was built in 2006, sits on a 1.14 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 7, 2025 and is currently priced at $740,000.

Pace, FL housing market in February 2025 saw over 3 listings sold above listed price, more than 7 sold at listed price and over 26 sold below. Between January and February 2025, Pace, FL real estate market has seen increase in the number of listings by 12.1%. In February 2025, listings were on the market for 70 days. During the same period, the median list price in this real estate market was $330,316.

From Rocket Homes Real Estate and based on county public records data.

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