#665872, Kelley Dennis, Listing office: Key Impressions LLC
Property details
About 3217 Wallace Lake Rd
WOW! Dont 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 dont want to miss this! Enjoy living in one unit and renting out the other one, or it can be an investment opportunity!
Highlights
Home typeOther
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size500 sqft
Year built2007
ParkingFront Entrance, Converted Garage
MLS #667461
Summary
- Full Bathrooms: 2
- Appliances: Electric Water Heater, Microwave, Refrigerator
- Parking: Front Entrance, Converted Garage
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $309,000
- Price/SqFt: $618
- Annual Tax Amount: $1,330
- Tax Year: 2023
- Lot: Corner Lot
- 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).
- Year Built: 2007
- Stories: 1
- Living Area: 500 SqFt
- MLS Number: 667461
- MLS Name: Pensacola MLS
- Office Name: Coldwell Banker Realty
- Office Phone: (850) 736-8050
- Listing Agent: Lynn Green
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Last updated on: 7/10/2025, 5:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 20, 2022 | Home Sold | $155,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $101,572 | $1,330 |
| 2022 | $53,311 | $704 |
| 2021 | $42,753 | $704 |
| 2019 | $42,136 | $234 |
| 2017 | $27,209 | $355 |
History based on county public records data.
Nearby schools
6
S. S. Dixon Intermediate School
Public District 3-5
3.5 mi
•5540 Education Dr
7
Berryhill Elementary School
Public District PK-5
4.9 mi
•4900 Berryhill Rd
5
Pea Ridge Elementary School
Public District PK-5
6.9 mi
•4775 School Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $86,700. The majority of Pace, FL residents have income between $35k-100k annually. The majority of families are married, no kids. Most residents in this area 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/snowboarding
College Football
PGA/LPGA
Where do the neighbors shop?
BJs Wholesale Club
Best Buy
Stein Mart
Where do the neighbors go to eat?
Panera
Texas Roadhouse
Cracker Barrel
What do the neighbors drive?
Infiniti
Ram
Lexus
What do the neighbors listen to?
Adult Hits
Contemporary Christian
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3217 Wallace Lake Rd
The listing price of 3217 Wallace Lake Rd property is $309,000.
The property 3217 Wallace Lake Rd is a house located in Pace, Florida, 32571.
Active Listing: 3217 Wallace Lake Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3217 Wallace Lake Rd are: S. S. Dixon Intermediate School (GreatSchools Rating 6/10), Berryhill Elementary School (GreatSchools Rating 7/10), Pea Ridge Elementary School (GreatSchools Rating 5/10), Thomas L. Sims Middle School (GreatSchools Rating 8/10), Hobbs Middle School (GreatSchools Rating 4/10), Martin Luther King Middle School (GreatSchools Rating 4/10), Pace High School (GreatSchools Rating 6/10), Santa Rosa Virtual Franchise (GreatSchools Rating 8/10), Santa Rosa Adult School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,330 (source: MLS/based on county public records data).
The last sale was on October 20, 2022 for $155,000 (source: MLS/tax record).
The property at 3217 Wallace Lake Rd has 2 bathrooms.
The property 3217 Wallace Lake Rd is 500 SqFt (source: MLS/tax record).
The year of construction for 3217 Wallace Lake Rd is 2007.
This home is located at 3217 Wallace Lake Rd in Pace, FL and zip code 32571 in the Wallace neighborhood. This 500 square foot home was built in 2007. Features: 2 bathrooms. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $309,000.
While more than 7 listings in Pace, FL in June 2025 were sold above asking price, there were more than 10 listings sold at asking price, and more than 33 were sold below. In June 2025 in Pace, FL there were 7.5% more homes for sale than in May. In June 2025 median list price was $328,508 and the average listing age was 48 days.
From Rocket Homes Real Estate and based on county public records data.