1989 Wallace Lake Rd, Pace (Milton), FL 32571 Property Records

Santa Rosa County property record for 1989 Wallace Lake Rd, Pace, FL 32571

Property Summary

Property Type	Single Family Home
Details	3 bd · 3 ba · 3,095 sqft · built 2020
Lot Size	10 acres (435,774 sqft)
Owner	2 Individual Names on Record
Last Sale	$130,000 (Sep 2018)
Tax Bill	$6,931 (2024)
Deeds & Mortgages	Nov 2021 Mortgage Apr 2019 Construction Loan + 2 more
Flood Zone	Zone X (minimal risk)
APN	`10-2N-30-0000-00126-0000`

Property Details

APN / Parcel Number

Primary APN	`10-2N-30-0000-00126-0000`
Alternative APN	`N302100000001260000`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Stories	2 Stories
Building Area	3,095 sqft Living Area
Gross Area	4,767 sqft
1st Floor Area	2,190 sqft
Upper Floors Area	905 sqft
Flooring	Wood
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2020
Effective Year Built	Effective 2020
Exterior Material	Concrete
Construction Type	Wood
Roof Type	Gable/Hip
Roof Material	Wood Shingle
Lot Area	435,774 sqft (10 acres)
Garage Type	Attached
Garage Area	660 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Open Porch
Porch Area	1,220 sqft
Shed	1 Shed
Shed Area	1 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	1989 WALLACE LAKE RD
City	PACE
State	FL
Zip	32571-9114
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	AG1
Legal Description	DESCRIPTION UPDATE FOR 2024 PARCEL 1S OF UNREC SUB: COM AT SW COR OF 10-2N-30 W THN S864452E ON S SEC LN 2350.94 FT TO POB THN N025522 E 1439.13 FT TO CURVD S R/W OF WALLACE LAKE RD THN ON CURV (R=625 CA-90822 CHB=N8108 11E) GO 99.70 FT THN C
Legal Range	30W
Legal Township	2N
Legal Section	10
Jurisdiction	SANTA ROSA FL
Township / Civil Division	PACE
Census Block Group	1
Census Block	1018
Census Tract	10302

Owner

Source: Santa Rosa County records, as of December 8, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	1989 WALLACE LAKE RD, PACE, FL 32571-9114
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Nov 22, 2021	Deed of Trust, Mortgage · Conventional Mortgage THE MORTGAGE FIRM INC
Apr 26, 2019	Deed of Trust, Mortgage · Construction Mortgage PEN AIR FEDERAL CU
May 8, 2020	Loan Modification, Mortgage PEN AIR FCU
Sep 5, 2018	Warranty Deed, Transfer · Conventional Mortgage SANTA ROSA COUNTY FCU

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Sep 5, 2018 · Amount on Record
Deed Sale	Sep 5, 2018 · Amount on Record
Deed Document Number	201837967
Deed Book / Page	3762 / 2052
Last Transfer Date	Mar 15, 2024
Transfer Doc	0045081056
Record Updated	Jun 8, 2026

November 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SANTA ROSA FL
Property Address	1989 WALLACE LAKE RD, PACE, FL 32571-9114
Transaction Type	Mortgage
Record Updated	Dec 28, 2021
Title Company	ACCURATE EQUITY GROUP

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1989 WALLACE LAKE RD, PACE, FL 32571-9114

Mortgage

Document Number	0042101854
Date	Nov 22, 2021
Book Page	4210/1854
Instrument	202177954

Lender

Name	THE MORTGAGE FIRM INC
Type	Mortgage Company
Address	ALTAMONTE SPRINGS, FL 32714

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Dec 1, 2051

April 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SANTA ROSA FL
Property Address	1989 WALLACE LAKE RD, PACE, FL 32571-9114
Transaction Type	Mortgage
Record Updated	Dec 21, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0038230826
Date	Apr 26, 2019
Book Page	3823/0826
Instrument	201916839

Lender

Name	PEN AIR FEDERAL CU
Type	Credit Union
Address	PENSACOLA, FL 32514

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	373 Months
Due	May 1, 2050

Interest

Rate Type	Adjustable Rate
Rate	4.87%
Adjustable	Adjustable Rate Rider
Type Change Date	May 1, 2030
Change Frequency	Annually
Min Rate At Change	2.75%
Max Rate At Change	9.87%
Index	1-Year LIBOR
Max Rate	9.87%

May 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	SANTA ROSA FL
Property Address	1989 WALLACE LAKE RD, PACE, FL 32571-9114
Document Number	0039510514
Instrument Date	May 8, 2020
Transaction Type	Mortgage
Record Updated	Jun 26, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	1989 WALLACE LAKE RD PACE FL 325719114, PACE, FL 32571-9114

Mortgage

Document Number	0039510514
Date	May 15, 2020
Book Page	003951/000514
Instrument	23104

Lender

Name	PEN AIR FCU
Type	Credit Union
Address	PENSACOLA, FL 32514

Agreement

Amount	Amount Recorded
Term	360 Months
Due	May 14, 2050

Interest

Rate	4.87%

September 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	SANTA ROSA FL
Recording Date	Sep 5, 2018
Property Address	1989 WALLACE LAKE RD, PACE, FL 32571-9114
Document Number	0037622052
Book / Page	3762 / 2052
Instrument Date	Aug 31, 2018
Instrument	201837967
Transaction Type	Transfer
Record Updated	Dec 21, 2021
Title Company	ATTORNEY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$910.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	PO BOX 11219, PENSACOLA, FL 32524-1219

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2725 TULIP HILL RD, PACE, FL 32571-6788

Mortgage

Document Number	0201837968
Date	Sep 5, 2018
Instrument	201837968

Lender

Name	SANTA ROSA COUNTY FCU
Type	Credit Union

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Sep 4, 2033

Tax Assessment & Valuation

Source: Santa Rosa County assessment roll, as of December 8, 2025

Property Jurisdictions

Type	Name
State	Florida
County	Santa Rosa County
Unified School District	Santa Rosa County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$608,383 (+1.46%) Land $189,075 Building $419,308	$608,383 (+1.46%) Land $189,075 Building $419,308
2024	$6,931.00 (-3.14%) Homeowner's exemption	$599,650 (+4.39%) Land $189,075 Building $410,575	$599,650 (+4.39%) Land $189,075 Building $410,575
2023	$7,156.00 (+6.52%)	$574,409 (+4.54%) Land $168,067 Building $406,342	$574,409 (+4.54%) Land $168,067 Building $406,342
2022	$6,718.00	$549,488	$549,488 Land $154,061 Building $395,427

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective November 18, 2021 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 149 policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	149 in force
Nearby Flood Claims	3 (2020)
Claims Outside the SFHA	3 of 3
Most Recent Claim	Sep 2020 · Hurricane Sally
Claims by Event	Hurricane Sally, Sep 2020 · 3 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 68% of the US · above 47% of Florida
Wildfire Likelihood	0.3% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 3 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Conexon Connect Fiber	2,000 / 2,000
Verizon Fixed Wireless	300 / 20

May also be available: AT&T.

Cell Coverage

5G (outdoors only) and 4G LTE

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