2854 Wallace Lake Rd, Pace, FL 32571
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Property image
OFF MARKET

2854 Wallace Lake Rd
Pace, FL 32571

  • 4 Beds
  • 3 Baths
  • 3,268 sqft (on 1.14 acres)

$766,600

Trulia Estimate
as of Jul 12, 2026
Est. Refi. Payment $4,688/mo*
Refinance Your Home

$766,600

Trulia Estimate
as of Jul 12, 2026
Est. Refi. Payment $4,688/mo*
Refinance Your Home
4 Beds
3 Baths
3,268 sqft
(on 1.14 acres)

Local Information

  • Map ViewExplore the area around 2854 Wallace Lake Rd.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

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.
2854 Wallace Lake Rd, Pace, FL 32571 is a 4 bedroom, 3 bathroom, 3,268 sqft single-family home built in 2006. It last sold for the $740,000 asking price on Apr 18, 2025. It is currently off market. The Trulia Estimate is $766,600, with a rent estimate of $3,243/month.

Home Highlights

Parking
Garage
Outdoor
Pool
View
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 2854 Wallace Lake Rd

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Master Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 3268 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Wine Cooler, DishwasherDishwasherLaundry: Inside,W/D Hookups
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Has a Fireplace
Gas & Electric
Electric: Circuit Breakers, Copper Wiring
Windows, Doors, Floors & Walls
Window: Double Pane WindowsDoor: Insulated DoorsFlooring: Brick, Tile, Carpet
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Brick, Tile, Carpet
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: CoveredFencing: Back Yard, PrivacyOther Structures: Yard BuildingExterior: Irrigation WellFoundation: SlabHas a Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageParking Spaces: 2Parking: 2 Car Garage,Side Entrance,Garage Door Opener
Pool
Pool: Gunite, In Ground, Pool/Spa Combo, Salt WaterPool
Frontage
Responsible for Road Maintenance: County Maintained RoadRoad Surface Type: Paved
Water & Sewer
Sewer: Septic Tank
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 6

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Brick, FrameNot a New ConstructionNot Attached Property
Property Information
Condition: ResaleParcel Number: 132n300000001300000

Price & Status

Price
List Price: $740,000
Status Change & Dates
Off Market Date: Thu Feb 13 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Sold

Location

Direction & Address
City: PaceCommunity: Tamrell Forest
School Information
Elementary School: Wallace Lake K-8Jr High / Middle School: WALLACE LAKE K-8High School: Pace

Building

Building Area
Building Area: 3268 Square Feet

HOA

HOA Fee Includes: NoneNo HOA

Lot Information

Lot Area: 1.14 Acres

Energy

Energy Efficiency Features: Insulation

Miscellaneous

Mls Number: 658318
Last check for updates: about 4 hours ago
Listed by Theresa "Terry" Mahoney, (603) 521-0774
KELLER WILLIAMS REALTY GULF COAST
Bought with: Patti Skinner, (309) 657-7981, Coldwell Banker Realty
Source: PAR, MLS#658318

Price History for 2854 Wallace Lake Rd

DatePriceEventSource
04/18/2025$740,000Sold
PAR #658318
04/15/2025$740,000PendingPAR #658318
02/13/2025$740,000ContingentPAR #658318
02/07/2025$740,000Listed For SalePAR #658318
10/08/2024$739,900ListingRemovedPAR #646940
09/18/2024$739,900PriceChange
PAR #646940
07/30/2024$749,900PriceChange
PAR #646940
06/14/2024$759,900Listed For SalePAR #646940
07/12/2022$620,000Sold
PAR #607153
06/22/2022$625,000PriceChange
PAR #607153
06/19/2022$629,000PriceChange
PAR #607153
06/14/2022$639,000Listed For SalePAR #607153
05/29/2022ListingRemovedPAR #607153
05/13/2022$639,000PriceChange
PAR #607153
04/22/2022$650,000Listed For SalePAR #607153
06/23/2020$399,000Sold
PAR #571532
09/18/2018$340,000Sold
N/A
08/05/2018$364,900Listed For SaleAgent Provided
05/10/2006$358,500Sold
N/A

Market trends in Pace

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$333K
$14.15KMoM
Sale-to-List Price
99.2%
0.2%MoM
Price per sq ft
$170
$3MoM
Available listings
218
11MoM
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Property Tax and Assessment

Year2024
Tax$4,680
Assessment$409,983
Home facts updated by county records

Comparable Sales for 2854 Wallace Lake Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
6838 Foxboro Cir, Pace, FL
0.57
Single-Family Home
$830,000
10/24/25
4
3
3,286
3177 Wallace Lake Rd, Pace, FL
0.88
Single-Family Home
$637,500
06/30/26
4
3
2,367
6994 Foxboro Cir, Pace, FL
0.82
Single-Family Home
$850,000
06/22/26
4
3
2,570
6774 Quintette Rd, Pace, FL
1.04
Single-Family Home
$742,000
06/05/26
4
3.5
3,231
6328 Howie Way, Pace, FL
1.02
Single-Family Home
$445,000
07/18/25
4
3
2,362
6280 Howie Way, Pace, FL
1.12
Single-Family Home
$583,000
05/14/26
4
3
2,628
3035 Whitley Ln, Pace, FL
1.38
Single-Family Home
$719,000
05/15/26
5
3
3,070
6264 Howie Way, Pace, FL
1.15
Single-Family Home
$570,000
10/27/25
4
3
2,792
6786 Quintette Rd, Pace, FL
1.07
Single-Family Home
$699,000
03/06/26
4
4
4,315

Nearby homes

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Assigned Schools

These are the assigned schools for 2854 Wallace Lake Rd.

What Locals Say about Pace

At least 180 Trulia users voted on each feature.

  • 94 % Say car is needed

  • 92 % Say yards are well-kept

  • 90 % Say parking is easy

  • 84 % Say it's dog friendly

  • 81 % Say there's holiday spirit

  • 76 % Say it's quiet

  • 75 % Say kids play outside

  • 67 % Say people would walk alone at night

  • 53 % Say neighbors are friendly

  • 53 % Say they plan to stay for at least 5 years

  • 47 % Say there's wildlife

  • 39 % Say streets are well-lit

  • 36 % Say it's walkable to grocery stores

  • 26 % Say there are sidewalks

  • 25 % Say it's walkable to restaurants

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "I love it school are great and neighbors are nice very safe place for the kids and pets ……………………………"
    0
    Flag
  • Phillipidesdan
    "Long but pleasant. I work 45 minutes from where I live and go against the flow of most traffic. The afternoon return commute is worse because of heavy traffic on highway 90"
    0
    Flag
  • Stgcret
    "50 homes, serene and close to retail and eateries. Walmart & Lowes just a mile or less away. Carsten Oaks is a very safe place to live with no crime in the 23 years we have lived here. "
    0
    Flag
  • Traci L. B.
    "Milton is a quaint small town located on a scenic River. there are several small communities between Milton and Pensacola. Milton, Pace, 5 points, are pretty safe areas with good schools. Each community has its own personality. Almost all of them are Military friendly. "
    1
    Flag
  • Albourff
    "Short and easy. Not a lot of traffic and lots of different routes available. Would highly recommend."
    2
    Flag
  • Royal H.
    "Food trucks once a weekLocal events and things. Barry country living. Suburbs and country feel. But 20 minutes to the beach from 20 minutes to downtown Pensacola"
    0
    Flag
  • Marthaeugenia.garcia
    "Good place, quiet environment and landscapes . Gas stations, restaurants, supermarkets and other services are close . "
    4
    Flag
  • Marthaeugenia.garcia
    "Gulf camp, several parks near to the community , walking trails, natural scenarios, near Milton, Pensacola and Pace "
    5
    Flag
  • Luis R.
    "Good neighborhood , quiet and nice place . The environment is good to raise children . The area public spaces and public services ."
    4
    Flag
  • Matthew C.
    "Moved here because of the schools. Stayed because of the great people and neighborhoods. We love having land around our house and not being right on top of our neighbors, but still close enough to be social. "
    2
    Flag
  • Elizabeth M.
    "There is no dog park. The neighbors are mean to animals. Many loose animals that may harm other animals. "
    0
    Flag
  • Travis C.
    "Overall the area is a decent area to live however home prices definitely seem over-inflated and with all the new construction going on the city will have a difficult time keeping up with the‘pace’ of progress."
    5
    Flag
  • Nick H.
    "Safe neighborhood with great schools, low crime, reasonable pricing for houses, family oriented, and has great stores and restaurants."
    1
    Flag
  • Suzette D.
    "I think dog owners would enjoy walking their dogs in this neighborhood because it feels safe and people are friendly. "
    1
    Flag
  • Nick H.
    "Close to schools, great neighborhood, family friendly. Prices going up and Henry is building last phase. HOA controlled by outside facility, only wish neighborhood would self control HOA."
    0
    Flag
  • Unspecified
    "Top rated A+ schools in the entire state. Pace is a fast growing community. People are kind. Crime is very Low."
    1
    Flag
  • Katie M.
    "People walk their dogs daily and clean up after them. Our neighborhood has sidewalks which makes dog walking safe and accommodating. "
    0
    Flag
  • Katie H.
    "People walk dogs regularly Not a lot of stray animals around Neighborhood stays clean and well kept"
    0
    Flag
  • Rachel D.
    "There is a leash law but many dog owners. We live right off West Spencerfield which is sidewalked block around the field. It is a mile each direction. Many people stroll their children, jog, and walk their dogs around it. "
    0
    Flag
  • Brenden S.
    "Lots of potlucks, the neighbors are all extremely nice and helpful. 10/10 would reccomend living here to anyone "
    2
    Flag
  • Rachel D.
    "I've bought a home here in Pace about 2 & 1/2 to 3 years ago. I love that all the people in my neighborhood, or on my street more specifically look out for one another. "
    2
    Flag
  • Halle M.
    "People are always walking their dogs and always have them on leashes which is a good thing cars look out for dogs "
    1
    Flag
  • Tory R.
    "Speeding cars, vicious dogs in the neighborhood, so many cars parked in the road "
    0
    Flag
  • Megan
    "my neighborhood has great commute and close to any and everything shopping fast food schools etc .. I absolutely love the area. "
    0
    Flag
  • Jpmdadb
    "I’ve lived in Pace 49 years, love it here, people are friendly and low crime area, do miss the wide open spaces now filled with subdivisions though."
    0
    Flag
  • Aquame43
    "there's a park in our neighborhood. there's plenty of children for your kids to play with. very nice families 9pm cerfew "
    0
    Flag
  • Dean V.
    "This is one of the quaintest, quietest and friendliest neighborhoods that I have been in for the past 20 years."
    0
    Flag
  • Marthaeugenia g.
    "Good environment , nice landscapes . Safe, clean, very good amenities . We had lived here since three months ago. "
    1
    Flag
  • Amy B.
    "It’s a smaller community and is a great place to live, it still has a country feel to most areas and doesn’t feel crowded or overrun. "
    3
    Flag
  • cribbdog1
    "I have lived in Pace Florida for three years. It's a very friendly subdivision and a great place to live. The schools are great and the subdivision is close to shopping and restaurants. Your only a 30-40 minute drive to NAS Pensacola and 15 minutes to NAS Whiting Field."
    0
    Flag

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Explore by feature - Pet Friendly

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Homes for sale near 2854 Wallace Lake Rd

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Off Market Homes Near 2854 Wallace Lake Rd

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Copyright© 2026 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. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.