3217 Wallace Lake Rd, Pace, FL 32571
Property image
Property image
SOLD
NOV 14, 2025

3217 Wallace Lake Rd
Pace, FL 32571

  • 2 Beds
  • 2 Baths
  • 2,000 sqft (on 0.92 acres)

$240,000

Last Sold: Nov 14, 2025
22% below list $309K
$120/sqft
Est. Refi. Payment $1,513/mo*
Refinance Your Home

$240,000

Last Sold: Nov 14, 2025
22% below list $309K
$120/sqft
Est. Refi. Payment $1,513/mo*
Refinance Your Home
2 Beds
2 Baths
2,000 sqft
(on 0.92 acres)

Local Information

  • Map ViewExplore the area around 3217 Wallace Lake Rd.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

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!
3217 Wallace Lake Rd, Pace, FL 32571 is a 2 bedroom, 2 bathroom, 2,000 sqft single-family home built in 2007. It last sold for $240,000 on Nov 14, 2025 (22% below the $309,000 asking price). More recently, it was listed as a rental in February 2023 with an asking price of $950 per month. That rental listing was removed on March 3, 2023. It is currently off market. The Trulia Estimate is $263,500, with a rent estimate of $1,949/month.

Home Highlights

Parking
Garage
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
$120/sqft
Listed
180+ days ago

Home Details for 3217 Wallace Lake Rd

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2000 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Built In Microwave, RefrigeratorLaundry: Inside,W/D HookupsRefrigerator
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Central
Gas & Electric
Electric: Circuit Breakers
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Roof: MetalOther Structures: Yard BuildingFoundation: Slab
Parking & Garage
No CarportNo GarageParking: Front Entrance,Converted Garage
Pool
Pool: None
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: 98

Property Information

Year Built
Year Built: 2007
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached Property
Property Information
Condition: ResaleParcel Number: 182n290000001330000

Price & Status

Price
List Price: $309,000Price Per Sqft: $120/sqftPrice Range: $240,000 - $309,000
Status Change & Dates
Off Market Date: Wed Oct 15 2025Possession Timing: Close Of Escrow, Rental Agreement

Active Status

MLS Status: Sold

Location

Direction & Address
City: PaceCommunity: None
School Information
Elementary School: Wallace Lake K-8Jr High / Middle School: WALLACE LAKE K-8High School: Central

Building

Building Area
Building Area: 2000 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.918 Acres

Miscellaneous

Mls Number: 667457
Last check for updates: about 3 hours ago
Listed by Lynn Green, (850) 380-0061
Coldwell Banker Realty
Hannah Rogers, (850) 889-2070
Coldwell Banker Realty
Bought with: Lynn Green, (850) 380-0061, Coldwell Banker Realty
Source: PAR, MLS#667457

Price History for 3217 Wallace Lake Rd

DatePriceEventSource
11/14/2025$240,000Sold
PAR #667457
11/12/2025$309,000PendingPAR #667457
10/15/2025$309,000ContingentPAR #667461
09/14/2025$309,000PendingToActivePAR #667457
09/14/2025$309,000ContingentPAR #667461
07/10/2025$309,000PriceChangePAR #667457
03/03/2023ListingRemovedZillow Rentals
02/25/2023$950Listed For RentZillow Rentals
10/19/2022$179,000PendingPAR #613765
10/17/2022$160,000Sold
PAR #613765
09/16/2022$179,000ContingentPAR #613765
08/31/2022$179,000Listed For SalePAR #613765

Market trends in Pace

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$319K
$13.37KMoM
Sale-to-List Price
99.0%
0.2%MoM
Price per sq ft
$167
$1MoM
Available listings
207
6MoM
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Property Tax and Assessment

Year2024
Tax$1,395
Assessment$105,079
Home facts updated by county records

Comparable Sales for 3217 Wallace Lake Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
6874 Wallace Dr, Pace, FL
0.26
Single-Family Home
$375,000
01/15/26
4
2
1,758
7175 Wallace Dr, Pace, FL
0.16
Single-Family Home
$499,000
05/19/26
3
2
2,074
3177 Wallace Lake Rd, Pace, FL
0.15
Single-Family Home
$637,500
06/30/26
4
3
2,367
3418 Acy Lowery Rd, Pace, FL
0.74
Single-Family Home
$225,000
09/16/25
3
2
1,407
6838 Foxboro Cir, Pace, FL
0.48
Single-Family Home
$830,000
10/24/25
4
3
3,286
6994 Foxboro Cir, Pace, FL
0.57
Single-Family Home
$850,000
06/22/26
4
3
2,570
3480 Red Ryder Ln, Pace, FL
0.64
Single-Family Home
$760,000
03/04/26
4
3
2,453

Nearby homes

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Assigned Schools

These are the assigned schools for 3217 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
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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 3217 Wallace Lake Rd

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Off Market Homes Near 3217 Wallace Lake Rd

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