Ad #7364538
MLS #686454
Endless possibilities await with this unique property featuring
4040 Wilkes St, Pace, FL 32571
$199,000
3Beds
3Baths
1,794Sqft
0.34Acres
About this property
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 features 2 bedrooms, 2 full baths, a large kitchen, dedicated laundry room, and low-maintenance tile flooring throughout. Originally built in 1925, the home has been updated with a new roof, central air conditioning, and has 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, offers its own private driveway, private entrance, and low-maintenance tile flooring, making it ideal for rental income, guests, or extended family. The large lot offers plenty of outdoor space and a shed for added storage. Whether you're an investor looking to add a proven income-producing property to your portfolio, a homeowner wanting to offset your mortgage by renting the ADU, or searching for the perfect multi-generational living arrangement, this property checks all the boxes. Both the main home and detached apartment are currently rented on month-to-month leases with long-term tenants, providing immediate income potential while maintaining flexibility for future plans.
Property Features
3 Beds
3 Baths
1,794 Sqft
Built in 1925
0.34 Acres
1 Story
Guest, Carport
Siding: Frame
Shingle Roof
Central
Santa Rosa County
Additional Photos
Contact Information
Elizabeth Ranieri-Sorrells
REMAX Select Partners
850-501-5193
Location
Listing Agent: Elizabeth Ranieri-Sorrells 850-501-5193
Broker: REMAX Select Partners 850-525-7570 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: REMAX Select Partners 850-525-7570 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Aug 1, 2026
Photo Gallery
$199,000
3
Beds
3
Baths
1,794
Sqft
4040 Wilkes St, Pace, FL 32571
By contacting this agent you agree to these Terms and Conditions.
MLS# 686454
Endless possibilities await with this unique property featuring
$199,000
4040 Wilkes St, Pace, FL 32571
3
Beds
3
Baths
1,794
Sqft
0.34
Acres
$199,000
4040 Wilkes St, Pace, FL 32571
3 Beds
3 Baths
1,794 Sqft
0.34 Acres
Accessibility Features
Accessible Approach with Ramp
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 features 2 bedrooms, 2 full baths, a large kitchen, dedicated laundry room, and low-maintenance tile flooring throughout. Originally built in 1925, the home has been updated with a new roof, central air conditioning, and has 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, offers its own private driveway, private entrance, and low-maintenance tile flooring, making it ideal for rental income, guests, or extended family. The large lot offers plenty of outdoor space and a shed for added storage. Whether you're an investor looking to add a proven income-producing property to your portfolio, a homeowner wanting to offset your mortgage by renting the ADU, or searching for the perfect multi-generational living arrangement, this property checks all the boxes. Both the main home and detached apartment are currently rented on month-to-month leases with long-term tenants, providing immediate income potential while maintaining flexibility for future plans.
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Property Details
HOME DETAILS
3 Beds
3 Baths
1,794 Sqft
Built in 1925
0.34 Acres
1 Story
EXTERIOR
Guest, Carport
Siding: Frame
Shingle Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
Santa Rosa County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7364538
Viewed
10 times
Listing Status
Active
Added
Jul 25, 2026
Last Refreshed
Jul 31, 2026 11:05:42 PM
Listing Information
Data Source
Pensacola Association of REALTORS
Source Property ID
686454
Listing Agent: Elizabeth Ranieri-Sorrells 850-501-5193
Broker: REMAX Select Partners 850-525-7570 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: REMAX Select Partners 850-525-7570 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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