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$525,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 2,074 Sq. Ft.
  • Updated 4 days ago
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Beautifully updated home in Pace situated on nearly 2 acres, including a separate 1-acre wooded lot next door filled with stunning mature oak trees-offering privacy and a peaceful, natural setting. This home was completely stripped to the studs in 2020 and rebuilt with everything new, including electrical, plumbing, roof, windows, kitchen, and bathrooms. Designed with comfort and efficiency in mind, the home features spray foam insulation in both the walls and ceiling and tankless gas hot water. Inside, you'll find a bright open-concept layout with a formal dining area and a beautiful kitchen that flows seamlessly into the living space-perfect for entertaining or everyday living. The kitchen is ideal for the cook in the family, offering both style and functionality. The spacious primary suite includes a walk-in closet, double vanity, and a large walk-in shower for a true retreat feel. Additional highlights include washer and dryer conveying with the home, blinds throughout, partial fencing, and well water for irrigation. Enjoy outdoor living with a covered front porch and back patio, plus a covered walkway leading to extra storage. The property also features an 18x30 detached garage with potential to convert into a guest cottage, RV hookup, extra parking, and plenty of privacy. Conveniently located just minutes from Five Points, nearby shops, and a short walk or golf cart ride to the Piggly Wiggly, Dollar General and Wallace Lake School K-8. This home offers the perfect blend of peaceful living and everyday convenience.

Full Property Details for 7175 Wallace Dr

General

  • Price: $525,000
  • Status: Active
  • Type: Single Family
  • Source: Pensacola
  • MLS ID: 679781
  • Updated: 3/28/2026
  • Added to Site: 7 day(s) ago

Interior

  • Interior Features: Storage, Baseboards, Ceiling Fan(s), High Ceilings
  • Appliances: Tankless Water Heater/Gas, Dryer, Washer, Dishwasher, Refrigerator, ENERGY STAR Qualified Water Heater
  • Flooring: Tile, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom: 8.7 x 5.7, First Level

Bedrooms

  • Total Bedrooms: 3
  • Bedroom 1: 10.7 x 12.9, First Level, 138.03 Sq. Ft.
  • Bedroom 2: 12 x 11.8, First Level, 141.6 Sq. Ft.

Other Rooms

  • Living Room: 20 x 20, First Level, 400 Sq. Ft.
  • Kitchen: Remodeled, Granite Counters, 17 x 19, First Level, 323 Sq. Ft.
  • Dining Room: Formal Dining Room, Kitchen/Dining Combo
  • Laundry: Inside, Laundry Room

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Sprinkler, Rain Gutters
  • Deck/Patio: Covered, Covered Porch

Parking

  • Carports: Yes
  • Total Spaces: 2
  • Parking Features: 2 Car Carport, Covered, RV Access/Parking, Side Entrance, Courtyard Entrance

Location

  • County: Santa Rosa
  • Driving Directions: From Pensacola Davis Hwy take US -90 E, Woodbine Rd and Chumuckla Hwy to Wallace lake Rd in Wallace, continue. on Wallace Lake Rd to Wallace Dr.

School Information

  • Elementary School: Wallace Lake K-8
  • Middle School: WALLACE LAKE K-8
  • High School: Central

Heating & Cooling

  • Cooling Type: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, ENERGY STAR Qualified Wall/Window Unit(s)
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank

Structural Information

  • Architectural Style: Craftsman, Ranch
  • Construction: Frame
  • Roof: Shingle
  • Stories/Levels: 1
  • Square Feet: 2,074
  • Year Built: 1968
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 1.994
  • Lot Dimensions: 341' x 274' x 339' x 250'
  • Street/Road Desc.: Paved
  • Road Maintenance: County Maintained Road
  • Lot Features: Central Access
  • Zoning: Agricultural, County, Res Single
  • Fencing (Description): Partial

Financial Considerations

  • Price Per Sq. Ft.: $253.13

Disclosures and Reports

  • Property ID: 182N290000001010000

Listed by 2 Paradise Realty

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Listing agent

— 7175 Wallace Dr —

  • 2 Paradise Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7175 Wallace Dr

School District:Santa Rosa County School District
NameGradesDistance
Central School, Milton, FL
6180 Central School Road, Milton, FL 32570
9-128.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7175 Wallace Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$525,000
-88.78%
MLS
10/25/2023
Sold
$4,680,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7175 Wallace Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,789
—
$169,462
3%
2024
$1,789
14%
$164,686
3%
2023
$1,575
4%
$159,889
6%
2021
$1,508
-1%
$150,711
-3%
2022
$1,529
1%
$155,232
63%
2021
$1,508
22%
$95,130
6%
2019
$1,232
8%
$89,897
8%
2018
$1,139
5%
$83,353
6%
2017
$1,087
1%
$78,832
3%
2016
$1,078
—
$76,588
3%
2015
$1,073
-2%
$74,099
-1%
2014
$1,097
4%
$74,544
7%
2013
$1,054
—
$69,830
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7175 Wallace Dr

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NMLS#: 1598647

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Listed by 2 Paradise Realty

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7175 Wallace Dr, Pace, FL 32571 (MLS# 679781) is a Single Family property with 3 bedrooms and 2 full bathrooms. 7175 Wallace Dr is currently listed for $525,000 and was received on March 25, 2026. Want to learn more about 7175 Wallace Dr? Do you have questions about finding other Single Family real estate for sale in Pace? You can browse all Pace real estate or contact a Coldwell Banker agent to request more information.

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