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!
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!
Public Records
Oct 20, 2022
Sold
$155,000
$78/sq ft
PARMLS #613765
Oct 19, 2022
Listing Removed
—
Oct 17, 2022
Sold
$160,000
$80/sq ft
Oct 17, 2022
Sold
$160,000
$80/sq ft
Aug 30, 2022
Listed
$179,000
$90/sq ft
+31
A unique property, you won't find many of these! A residential warehouse on 1 acre. This property features 2 bedrooms, 2 baths, kitchen and space, lots of it! The residential part is on either side of the warehouse and the open space in the center with a roll up door. There are multiple out buildings, so much potential! Fantastic Pace location north of five points. This property is priced to sell!
Year
Property tax
Land + Additions
Assessment*
2025
$1,444 (+3.5%)
$28,458 + $80,803
$109,261
2024
$1,395 (+4.9%)
$25,704 + $79,375
$105,079
2023
$1,330 (+88.8%)
$22,950 + $78,622
$101,572
2022
$704 (+193.7%)
$15,606 + $37,705
$53,311
2021
$240 (+2.3%)
2020
$234 (−0.2%)
$12,852 + $29,311
$42,163
2019
$235 (−46.8%)
$12,852 + $29,284
$42,136
2018
$442 (+24.0%)
$12,852 + $29,284
$42,136
2017
$356 (−2.5%)
$11,016 + $16,193
$27,209
2016
$365 (−2.7%)
$11,016 + $16,193
$27,209
2015
$375 (−2.8%)
$11,016 + $16,364
$27,380
2014
$386
Tax history for 3217 Wallace Lake Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,444 (+3.5%)
$28,458 + $80,803
$109,261
2024
$1,395 (+4.9%)
$25,704 + $79,375
$105,079
2023
$1,330 (+88.8%)
$22,950 + $78,622
$101,572
2022
$704 (+193.7%)
$15,606 + $37,705
$53,311
2021
$240 (+2.3%)
2020
$234 (−0.2%)
$12,852 + $29,311
$42,163
2019
$235 (−46.8%)
$12,852 + $29,284
$42,136
2018
$442 (+24.0%)
$12,852 + $29,284
$42,136
2017
$356 (−2.5%)
$11,016 + $16,193
$27,209
2016
$365 (−2.7%)
$11,016 + $16,193
$27,209
2015
$375 (−2.8%)
$11,016 + $16,364
$27,380
2014
$386
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
2 ft.
Lot depth
2 ft.
Lot size
0.92 Acres
Year renovated
—
Sq. Ft.
2,000
Year built
2007
Style
Single Family Residential
County
Santa Rosa County
APN
18-2N-29-0000-00133-0000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
AG-RR
Rural Residential Agriculture District
To provide suitable areas for low density residential development. This district is characterized by single family detached structures and such other structures that are accessory to the residence. This district may also include conditional uses for community facilities and utilities that service specifically the residents of this district or which are benefited by and compatible with a rural residential and farming environment. The allowable density for Rural Residential Agriculture is 1 dwelling unit per acre.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Garden center
Housing-Group
Housing-Single unit
Housing-Mobile home park
Property details
Parking
Parking / Garage Information
Parking Features: Front Entrance, Converted Garage
Interior
Bathroom Information
# of Bathrooms (Full): 2
# of Bathrooms (1/2): 0
Room Bathroom Features: Remodeled
Bathroom Update Timeline: 1 TO 5 YRS
Bathroom Update Remarks: New Vanity, Updated Lighting, LVP Flooring
Appliances: Electric Water Heater, Built In Microwave, Refrigerator
Laundry Features: Inside, W/D Hookups
Road Surface Type: Paved
Road Responsibility: County Maintained Road
Building Information
Building Area Total: 2,000
Building Area Units: Square Feet
Foundation Details: Slab
Levels: One
Financial
Tax Information
Tax Legal Description: *DESCRIPTION UPDATE FOR 2023* COM AT NW COR OF NW4 TH OF SE4 OF SECTION 18 TOWNSHIP 2 NORTH RANGE 29 WEST TH S88*17'49" E 450 FT TO ELY R/W 30 FT ESMT & POB TH CONT S88*17'49" E 200 FT TH S 01*46'20"E W 200 FT TH N 88*17'49" W 200 FT TH N 01*46'20" E 200 FT TO POB & ALSO AN ESMT FOR INGRESS & EGRESS AS DES IN OR 4337 PG 1104
Utilities
Utility Information
Electric: Circuit Breakers
Sewer: Septic Tank
Heating & Cooling
Has Cooling
Has Heating
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Location
HOA Information
Association YN: No
Association Fee Frequency: Annually
School / Neighborhood
High School: Central
Location Details
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)
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 2,000
Stories: 1.0
Lot Size: 0.92 acres
Style: Single Family Residential
Year Built: 2007
Year Renovated: —
County: Santa Rosa County
APN: 18-2N-29-0000-00133-0000
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Pace K-8
Public PreK-8 • Assigned • 0.3mi
9/10
Central School
Public PreK-12 • Assigned • 8.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Pace, FL • 32571
Average low and high temperatures (°F)
60
38
69
47
75
53
80
59
84
66
89
72
92
75
89
72
88
69
82
59
74
53
65
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$299,000 – $362,000
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