4040 Wilkes St
Pace, FL 32571
$175,000
Endless possibilities await with this unique property featuring a main home and detached ADU tucked away on a private cul-de-sac in the heart of Pace! Conveniently located with easy access to Highway 90, Milton, and Pensacola, this R1M-zoned property sits on a spacious .35-acre lot and offers incredible flexibility for homeowners and investors alike. The main house is currently available for occupancy and features 2 bedrooms, 2 full baths, a large kitchen, laundry area, and low-maintenance tile flooring throughout. Originally built in 1925, the home has been updated with a new roof and central air conditioning, with an effective age of 1970. The side two-car carport provides covered parking for one or both units, with sidewalks connecting both. The detached 1-bedroom, 1-bath apartment, built in 1970, is currently leased month-to-month, offering a great opportunity for rental income while providing flexibility for future plans. It features its own private driveway, private entrance, and low-maintenance tile flooring. The large lot offers plenty of outdoor space along with a shed for added storage. This home fits every need whether you're an investor looking to add a proven income-producing property to your portfolio, in search of a great multi-generational living space or a buyer looking for a home with additional income potential, this property offers an opportunity to put the space to work for you. Occupy the main home while the month-to-month ADU lease helps offset your monthly housing expenses—or explore the many other ...
+ Read More| Listing ID: | 686454 |
|---|---|
| List Price: | $189,000 |
| Close Price: | $175,000 |
| Close Date: | 2026-10-30 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Closed |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 3 |
| Living Area: | 1,794 |
| Lot Size Square Feet: | 14,810.4 |
| Lot Size Acres: | 0.34 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Pace |
| County Or Parish: | Santa Rosa |
| Postal Code: | 32571 |
| Year Built: | 1925 |
| Appliances: | Water Heater, Dishwasher |
| Association?: | No |
| Cooling: | Central Air, Wall/Window Unit(s) |
| Fencing: | Chain Link |
| Flooring: | Tile |
| Heating: | Central, Wall/Window Unit(s) |
| Lot Features: | Central Access, Cul-De-Sac |
| Parking Features: | 2 Car Carport, Guest, Side Entrance |
| Parking Total: | 2 |
| Pool Features: | None |
| Sewer: | Septic Tank |
| State Or Province: | FL |
| Water Source: | Public |
| Accessibility Features: | Exterior Handicap Provision |
| Association Fee Frequency: | Annually |
| Association Fee Includes: | None |
| Bathrooms Total Integer: | 3 |
| Building Area Total: | 1,218 |
| Carport?: | Yes |
| Garage?: | No |
| Heating?: | Yes |
| Levels: | One |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.34 |
| New Construction?: | No |
| Other Structures: | Guest House, Detached Self Contained Living Area |
| Parcel Number: | 231N291210056000010 |
| Patio And Porch Features: | Porch, Covered Porch |
| Property Condition: | Resale |
| Road Responsibility: | County Maintained Road |
| Roof: | Shingle |
| Construction Materials: | Frame |
| Cooling?: | Yes |
| Directions: | HWY 90 TO STEPHENS RD, SOUTH ON STEPHENS AND EAST ON WILKES, PROPERTY IS AT END OF WILKES RD. |
| Elementary School: | Dixon |
| High School: | Pace |
| Horse?: | No |
| Laundry Features: | Inside, W/D Hookups, Laundry Room |
| Leasable Area Units: | Square Feet |
| Middle Or Junior School: | SIMS |
| Original List Price: | $199,000 |
| Buyer Financing: | Conventional |
| Carport Spaces: | 2 |
| Covered Spaces: | 2 |
| Disclaimer: | All information is deemed reliable but should be verified by buyer or buyer's agent. |
| Foundation Details: | Off Grade, Slab |
| Green Energy Efficient: | No Energy Features |
| Stories: | 1 |
| Basement: | false |
| Building Area Units: | Square Feet |
| Electric: | Circuit Breakers |
| Lease Considered?: | No |
| List Price Low: | $175,000 |
| Lot Size Units: | Acres |
| Kitchen Update Timeline: | UNKNOWN |
| Bathroom Update Timeline: | UNKNOWN |
| Homestead: | No |
| Rent Restrictions: | No |
| Sale Subject To Lease: | Yes |
| Bathroom Update Remarks: | UPDATED |
| Kitchen Update Remarks: | UPDATED |
| Sale Factors: | BCC $5000 |
| Price Per Sqft: | 143.68 |
| Sale/Rent: | For Sale |
| Property Attached?: | No |
| Room Bathroom Features: | Updated |
| Room Dining Room Features: | Living/Dining Combo |
| Room Kitchen Features: | Updated |
| Room Master Bedroom Area: | 256 |
| Room Master Bedroom Length: | 16 |
| Room Master Bedroom Level: | First |
| Room Master Bedroom Width: | 16 |
| Zoning Description: | Res Multi |
Listing Courtesy of: REMAX Select Partners
Listing Agent: Elizabeth Ranieri-Sorrells
850-501-5193
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Pensacola Association of REALTORS® data last updated on October 31, 2026 03:57 AM - ET.
Property Last Updated: October 31, 2026 03:57 AM - ET
