For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Wallace 32571 Pace
7151 Wallace Drive
$235,000
● House - Off Market

7151 Wallace Drive

Pace, FL 32571
bedrooms
3 Beds
bathrooms
2 Baths
$1,121
Est. Monthly
9.25%
Cap Rate

About This Property

This quaint home sitting on nearly 1 acre of flat property is just the place you need to call home! With 3 bedrooms and two bathrooms this home is the perfect size for your next life journey. Featuring carpet in the bedrooms and tile in the living areas, updated guest bathroom, newer oven/stove and dishwasher, and new ceiling fans. Additional features include: 2 car carport, additional storage area and workshop with power, new back door, wrap-around porch, HVAC replaced 2023, Septic pumped 2024. Roof will be replaced prior to closing with acceptable offer! This growing area of Pace is sure to be perfect for you to plant roots! Schedule your showing today!
Unit Size
-
Days on Market
26 days
Land Size
0.96 acres
Price per sqft
-
Property Type
House
Property Taxes
$16
HOA Dues
-
Year Built
1988

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (ECAR #974374)

Price History

Date / Event Date Event Price
Jun 2, 2025 Sold
Premium
Sold
Apr 28, 2025 In contract -
In contract
Apr 19, 2025 Listed by The Property Group 850 Inc $225,000
Listed by The Property Group 850 Inc
Nov 14, 2017 Sold
Premium
Sold
Dec 31, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Total Building Area: 1,905
  • Gross Building Area: 1,905
  • Building Area: 1,237
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,237
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALLACE ACRES UNREC SUB
  • Land Acres: 0000000960
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: WALLACE ACRES UNREC SUB PORT LOT 14 BEING DES AS: COM SE COR OF W2 OF NE4 TH NW 420 FT TH NE 883.50 FT TO POB TH CONT N 145.45 FT TH N 89*W 300.26 FT TH S 09*E 147.39 FT TH S 89*E 275.65 FT TO POB AS DES IN OR 3678 PG 736

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010302

Zoning

  • Zoning: AG-RR

Geography

  • Assessors Map Reference: MAP 56 PG 58
  • Parcel: 18-2N-29-0000-00142-0000
  • Lot: 14
  • Meridian: SEC 18 TWN 2N RNG 29W
  • Municipality: PACE
  • Latitude: 30.6873
  • Longitude: -87.1861

    Address

  • Full Address: 7151 Wallace Dr
  • Address - House Number: 7151
  • Address - Street Name: Wallace
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Milton
  • Carrier Code: R026
  • 4-Digit Zip Code: 9146
  • Zip Code: 32571

Valuation

    Tax

  • Total Area: 1,355
  • Tax Year: 2023
  • Tax Amount: $67,467
  • Tax Rate Code Area: 0022

    Appraisal Valuation

  • Standard Deviation: 0.2056
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 236,736
  • High Value: 285,419
  • Low Value: 188,053

    Market Valuation

  • Market Total Value: $153,921
  • Market Land Value: $24,000
  • Market Improvement Value: $129,921

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,125

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 03, 2017
  • Current Sale Recording Date: Nov 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201747329
  • Previous Sale Recording Date: Dec 31, 2009
  • Previous Sale Contract Date: Dec 30, 2009
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pace

Stats & Trends

Median Asking:

$319,950

Sale Price/ft²

$171

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2090 ft²

Average Home Age

18.8 years

Currently For Sale

24 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Heather Vaughn, The Property Group 850 Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 974374
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. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 7151 Wallace Drive built and last sold?
The property at 7151 Wallace Drive was built in 1988 and last sold on Nov 3, 2017 for $139,500.
How much is this home worth?
The estimated value of the home located at 7151 Wallace Drive is $0.
What are some comparable homes to 7151 Wallace Drive?
There are currently no comparable homes to 7151 Wallace Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Pace Homes for Sale
Pace Houses for Sale
Pace Townhouses for Sale
Pace Land for Sale
Pace Commercial for Sale
Pace Homes with Basements
Pace Homes with Pools
Pace Homes with Parking
Nearby Cities
Pensacola Homes for Sale
Navarre Homes for Sale
Midway Homes for Sale
Ferry Pass Homes for Sale
Ensley Homes for Sale
Bellview Homes for Sale
Warrington Homes for Sale
West Pensacola Homes for Sale
Nearby Property Records
Escambia County, FL Property Records
Santa Rosa County, FL Property Records
Okaloosa County, FL Property Records
Escambia County, AL Property Records
Baldwin County, AL Property Records
Walton County, FL Property Records
Covington County, AL Property Records
Monroe County, AL Property Records
Neighborhoods
Downtown Pensacola Real Estate
Cordova Park Real Estate
Nature Trail Real Estate
Westpointe Heritage Real Estate
Navy Point Real Estate
Mayfair Real Estate
Seville Historic District Real Estate
Montclair Real Estate
Nearby Counties
Pensacola Homes for Sale
Cantonment Homes for Sale
Holley-Navarre Homes for Sale
Midway Homes for Sale
Skyline Homes for Sale
East Milton Homes for Sale
Avalon-Mulat Homes for Sale
Bagdad Homes for Sale
Top Real Estate Agents
Top Agents in Pace
Top Agents in Pensacola
Top Agents in 32566
Top Agents in Cantonment
Top Agents in Pensacola
Top Agents in Holley-Navarre
Top Agents in Navarre
Top Agents in 32526