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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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4040 Wilkes St , Pace, FL 32571
$189,000
Est. Payment: $1,044.20/mo
3 Bed
3 Bath
1794 Sqft
0.34 Acres
Status: Contingent | Days on site: 74
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Harrison Lilly Team
Owner/Operator

House Description

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 possibilities this versatile property provides.

Highlights

Listed by Elizabeth Ranieri-Sorrells , 850-501-5193 REMAX Select Partners , 850-995-0030. Pensacola Association of REALTORS®, Inc.

Property Type

Residential

Lot/Acreage
0.34

Year Built

1925

County

Santa Rosa

Neighborhood

None

Listing ID

686454

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Water Heater, Dishwasher
Air Cond:Central Air,Wall/Window Unit(s)
Fireplaces:
Floor:Tile
Other:
  • ▪ Additional:Master on Main
Water:Public

Exterior Features

Lot:Central Access,Cul-De-Sac
Garage Capacity:2
Zoning:Res Multi
Roof:Shingle
Others:
  • ▪ Additional:Resale
Sewer:Septic Tank
Parking Features:2 Car Carport,Guest,Side Entrance
Principal Interest
$1,044
Taxes
$120

Home Price

$189,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$37,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,044.20

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,044.20 $120.49 $0.00 $1,164.69
Yearly $12,530.37 $1,445.85 $0.00 $13,976.22
Total $375,911.20 $43,375.50 $0.00 $419,286.70

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Pace, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T07:04:08.000Z

© 2026 Pensacola Association of REALTORS®, Inc.