3161 Wallace Lake Rd, Pace, FL 32571
Property image
Property image
OFF MARKET

$526,500

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 3,046 sqft (on 1.01 acres)

3161 Wallace Lake Rd, Pace, FL 32571

Est. Refi. Payment $3,318/mo*
Refinance Your Home
Currently Off Market - Sold May 4, 2022 for $470,000

Home Value

Trulia Estimate
$527K
Since last month
Decreased$10K (-1.8%)
Since last year
Increased$4K (+0.7%)
Since last sale
Increased$57K (+12.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +92% in the last 10 years
MonthEstimated value
2026
August 2026$527K
August 2026$527K
July 2026$537K
June 2026$534K
May 2026$527K
April 2026$529K
March 2026$533K
February 2026$522K
January 2026$520K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3177 Wallace Lake Rd, Pace, FL
0.05
Single-Family Home
$637,500
06/30/26
4
3
2,367
6874 Wallace Dr, Pace, FL
0.34
Single-Family Home
$375,000
01/15/26
4
2
1,758
6838 Foxboro Cir, Pace, FL
0.29
Single-Family Home
$830,000
10/24/25
4
3
3,286
7175 Wallace Dr, Pace, FL
0.30
Single-Family Home
$499,000
05/19/26
3
2
2,074
3217 Wallace Lake Rd, Pace, FL
0.20
Single-Family Home
$240,000
11/14/25
2
2
2,000
2863 Wallace Lake Rd, Pace, FL
0.80
Single-Family Home
$438,900
09/01/26
4
3
2,226
6994 Foxboro Cir, Pace, FL
0.47
Single-Family Home
$850,000
06/22/26
4
3
2,570
3480 Red Ryder Ln, Pace, FL
0.82
Single-Family Home
$760,000
03/04/26
4
3
2,453
3500 Red Ryder Ln, Pace, FL
0.96
Single-Family Home
$755,000
05/12/26
4
3
2,263
6280 Howie Way, Pace, FL
1.35
Single-Family Home
$583,000
05/14/26
4
3
2,628

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3177 Wallace Lake Rd, Pace, FL 32571
0.05
$637,500
4
3
2,367
Recently Sold
3136 Wallace Lake Rd, Pace, FL 32571
0.08
$598,800
4
3
2,622
Off Market
6802 Wallace Dr, Pace, FL 32571
0.19
$385,100
3
2
1,615
Off Market
3217 Wallace Lake Rd, Pace, FL 32571
0.20
$240,000
2
2
2,000
Recently Sold
6815 Wallace Dr, Pace, FL 32571
0.20
$380,100
3
2
1,671
Off Market
41 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market
43 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market
34 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market
Lot 43 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market
30 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market
37 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market
40 Wallace Lake Rd, Milton, FL 32571
0.27
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 3161 Wallace Lake Rd.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2011
1.01 acre lot
3,046 sqft
$173/sqft
Garage

About this House

4 BEDROOM 3 BATH HOME WITH SEPARATE FORMAL DINING ROOM, OFFICE, AND LARGE FLORIDA ROOM ON A ONE ACRE LOT IN THE POPULAR WALLACE LAKE COMMUNITY IN PACE. EXTRA WIDE DRIVEWAY, RV/TRAILER PARKING, FULLY FENCED BACK YARD AND ADDITIONAL ENCLOSED SUN/SCREEN ROOM. COUNTRY SETTING NOT TOO FAR FROM TOWN. THIS HOME HAS BEEN WELL MAINTAINED WITH A SPACIOUS FRONT PORCH, LARGE FRONT YARD, AND PLENTY OF SPACE IN THE BACK TO PUT IN THAT DREAM SHOP.
3161 Wallace Lake Rd, Pace, FL 32571 is a 4 bedroom, 3 bathroom, 3,046 sqft single-family home built in 2011. It last sold for $470,000 on May 4, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $526,500, with a rent estimate of $2,707/month.

Home Details for 3161 Wallace Lake Rd

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Interior Details
Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Office, Pantry, Recreation Room, Sun RoomCeiling Fan
Appliances & Utilities
DishwasherMicrowaveRefrigerator
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: BrickFoundation Type: SlabPorch
Parking & Garage
GarageParking Spaces: 8Parking: Garage Detached

Property Information

Year Built
Year Built: 2011
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 1.01 acres

Price and Tax history

DateEventPrice
May 4, 2022
Source: N/A
Sold
$470,000
Mar 10, 2022
Source: N/A
Pending
$480,000
Mar 3, 2022
Source: N/A
Listed For Sale
$480,000
May 19, 2016
Source: PAR #495191
Sold
$270,000
Mar 16, 2016
Source: Agent Provided
PriceChange
$259,900
Price decreased by 1%

Market trends in Pace

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$347K
$13.43KMoM
Sale-to-List Price
99.2%
Price per sq ft
$175
$5MoM
Available listings
217
1MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Pace

At least 181 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

  • 77 % Say it's quiet

  • 75 % Say kids play outside

  • 67 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say neighbors are friendly

  • 47 % Say there's wildlife

  • 39 % Say streets are well-lit

  • 35 % 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

LGBTQ Local Legal Protections

Frequently asked questions about 3161 Wallace Lake Rd

  • What is 3161 Wallace Lake Rd estimated to be worth?
    Trulia's estimated value for 3161 Wallace Lake Rd in Pace, FL is $526,500.
  • What is the price history for 3161 Wallace Lake Rd?
    3161 Wallace Lake Rd in Pace, FL last sold for $470,000 in May 2022.
  • Is Pace a buyer's or seller's market?
    Pace is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Pace?
    The median sale price in Pace is $347K. That is up $13.43K from the prior month.
  • Does 3161 Wallace Lake Rd have air conditioning?
    Yes, 3161 Wallace Lake Rd in Pace, FL has air conditioning.
  • Does 3161 Wallace Lake Rd have laundry facilities?
    Yes, 3161 Wallace Lake Rd in Pace, FL has laundry facilities.

Explore by feature - Pet Friendly

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