2433 Wallace Lake Rd, Pace (Milton), FL 32571 Property Records

Santa Rosa County property record for 2433 Wallace Lake Rd, Pace, FL 32571

Property Summary

Property Type	Timberland, Forest, Woodland Vacant Land
Details	5 bd · 5.5 ba · 8,806 sqft · built 2022
Lot Size	19.3 acres (840,882 sqft)
Owner	2 Individual Names on File
Last Sale	$142,500 (Sep 2020)
Tax Bill	$8,252 (2025)
Deeds & Mortgages	Feb 2023 Line of Credit Oct 2021 Construction Loan + 1 more
Flood Zone	Zone X (minimal risk)
APN	`14-2N-30-0000-00118-0000`

Property Details

APN / Parcel Number

Primary APN	`14-2N-30-0000-00118-0000`
Alternative APN	`N302140000001180000`

Interior

Bedrooms	5 Beds
Full Baths	5.5 Baths
Half Baths	1 Half Bath
Stories	2 Stories
Building Area	8,806 sqft Gross Area
1st Floor Area	4,011 sqft
Upper Floors Area	1,353 sqft
Flooring	Wood
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2022
Effective Year Built	Effective 2022
Exterior Material	Concrete
Construction Type	Wood
Roof Material	Metal
Lot Area	840,882 sqft (19.3 acres)
View / Lot	Woodland
Garage Type	Attached
Garage Area	878 sqft
Porch	Florida Room
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	2433 WALLACE LAKE RD
City	MILTON
State	FL
Zip	32571-9183
Property Category	Vacant Land
Property Type	Vacant Land > Timberland, Forest, Woodland
Local Zoning Code	AG-RR
Legal Description	DESCRIPTION UPDATE FOR 2024 COM AT SE COR OF 14-2N-30 W THN N8639'20W ALONG S SEC LN 3734.73 FT TO POB THN N4715'12E 1754.70 FT TO S R/W OF WALLACE LAKE RD THN N4337'22 W ALONG S R/W 50.08 FT THN S4626'02W 384.15 FT THN N31*23'47W 477.69 FT T
Legal Range	30W
Legal Township	2N
Legal Section	14
Jurisdiction	SANTA ROSA FL
Township / Civil Division	PACE
Census Block Group	1
Census Block	1017
Census Tract	10302

Owner

2433 Wallace Lake Rd, timberland, forest, woodland vacant land, is owned by two individuals who acquired it in February 2024.

Source: Santa Rosa County records, as of September 3, 2026

Owner of Record	2 Individual Names on File
Mailing Address	2433 WALLACE LAKE RD, MILTON, FL 32571-9183
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Feb 16, 2023	Deed of Trust, Mortgage · Line of Credit TRUSTMARK NATIONAL BANK
Oct 4, 2021	Deed of Trust, Mortgage · Construction Mortgage TRUSTMARK NATIONAL BANK
Sep 9, 2020	Warranty Deed, Transfer · Conventional with PMI BRIAN W & M ALLISON HILL

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Sep 9, 2020 · Amount on File
Deed Sale	Sep 9, 2020 · Amount on File
Deed Document Number	202046687
Deed Book / Page	4001 / 1531
Last Transfer Date	Feb 22, 2024
Transfer Doc	0044770623
Record Updated	Oct 29, 2026

February 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SANTA ROSA FL
Property Address	2433 WALLACE LAKE RD, PACE, FL 32571-9183
Transaction Type	Mortgage
Record Updated	Apr 16, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2433 WALLACE LAKE RD, PACE, FL 32571-9183

Mortgage

Document Number	0043670786
Date	Feb 16, 2023
Book Page	4367/786
Instrument	202306452

Lender

Name	TRUSTMARK NATIONAL BANK
Type	Bank
Address	PENSACOLA, FL 32502

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

October 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SANTA ROSA FL
Property Address	2433 WALLACE LAKE RD, PACE, FL 32571-9183
Transaction Type	Mortgage
Record Updated	Apr 16, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1794 LORAIN CIR, CANTONMENT, FL 32533-4892

Mortgage

Document Number	0041870518
Date	Oct 4, 2021
Book Page	4187/518
Instrument	202165863

Lender

Name	TRUSTMARK NATIONAL BANK
Type	Bank
Address	JACKSON, MS 39225

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	360 Months
Due	Oct 1, 2051

Interest

Rate Type	Adjustable Rate
Rate	3.5%
Type Change Date	Oct 1, 2032
Change Frequency	6 Months
Min Rate At Change	3%
Max Rate At Change	8.5%
Index	Other
Margin	3
Max Rate	8.5%

September 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	SANTA ROSA FL
Recording Date	Sep 9, 2020
Property Address	2433 WALLACE LAKE RD, PACE, FL 32571-9183
Document Number	0040011531
Book / Page	004001 / 001531
Instrument Date	Sep 9, 2020
Instrument	46687
Transaction Type	Transfer
Record Updated	Oct 15, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$998.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	1794 LORAIN CIR CANTONMENT FL 325334892, CANTONMENT, FL 32533-4892

Mortgage

Document Number	40011533
Date	Sep 9, 2020
Book Page	004001/001533
Instrument	46688

Lender

Name	BRIAN W & M ALLISON HILL
Address	3899 WARD BASIN RD, MILTON, FL 32583-8824
Special Notes	Seller Financed

Agreement

Type	Conventional with PMI
Amount	Amount on Record

Interest

Rate Type	Fixed Rate
Rate	5%

Tax Assessment & Valuation

The 2025 property tax bill for 2433 Wallace Lake Rd was $8,252, up 2.8% from the year before.

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	$8,252.00 (+2.75%)	$675,433 (+2.89%)	$1,034,552 (+3.59%) Land $370,126 Building $664,426
2024	$8,031.00 (+2.59%) Homeowner's exemption	$656,479 (+2.99%)	$998,707 (+5.3%) Land $90,766 Building $907,941
2023	$7,828.00 (+2,820.9%)	$637,442 (+3,041.04%)	$948,452 (+459.65%) Land $81,350 Building $867,102
2022	$268.00	$20,294 Land $20,294	$169,472

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 2433 Wallace Lake Rd in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

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
Nearest Special Flood Hazard Area	Zone A, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File 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

Wildfire risk around 2433 Wallace Lake Rd is moderate, ranking above 67% of the US, with a 0.3% annual chance of wildfire.

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

Wildfire Risk	Moderate above 67% of the US · above 46% 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 30 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Conexon Connect Fiber	2,000 / 2,000
AT&T Fiber	1,000 / 1,000

May also be available: Verizon.

Cell Coverage

5G (outdoors only) and 4G LTE

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