4605 Heatherwood Way · Pace, FL 32571

$269,000

3 bd · 2.0 ba · 1,453 sqft · SingleFamily public records · 190 Days on market

Built 1981 0.33 ac lot Est $250k · 8% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.5/30.0
• Schools +5.3/10.0
• DSCR +4.1/10.0
• ARV discount +4.1/15.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

On the dead end/cul-de-sac street of Heatherwood Subd, You'll find that this 3 bedroom 2 bath home is a gem. Most of cosmetics updated since 2018, this house is turn-key. The first thing you'll notice as you drive up is the luscious landscaping that was completed by professionals, and a double gate on the right hand side, which is very convenient if you ever need to store a boat, camper or trailer. On the left you'll notice a large L-shaped, covered front porch, great for rocking chairs and Christmas lights. As you walk onto the porch, stop a moment to take in the little things. I particularly love the cove between the garage and the house great for shade plants, or even as a spot to put your more delicate plants during a windstorm. Right inside the front door, you'll notice a large fireplace with a wood mantle above it, (perfect for your stockings as Christmas time is arriving shortly.) and the tall ceiling with a beautiful faux beam. Another great feature in this home is the clustered bedroom floor plan, great for families. All the closets are a great size, with the master having a walk in closet. There is a nice sized linen closet right next to the main bath. The master bath has some extra space so you can add more storage if needed. In the kitchen you'll notice some great use of space as the cabinets are custom and only a few years old. There is a dining space by the French doors, and a breakfast nook with beautiful windows. Lots of natural light in this space. The backyard is ready for you to put your own touches into the landscape. It's very clean and tidy with more beautiful plants near the house. The 6 foot privacy fence is great so you can let your kids and dogs run around freely and have fun. There's also a built in fire pit to gather your family and friends around. Minutes from Benny Russell Park and all the grocery stores you'll need, and about 45 Minutes to Pensacola and Navarre Beaches. Feel free to stop and chat with the friendly neighbors.

Key facts

• Move-in ready
• Easy-flow layout
• Top-rated schools

Tags

• REMODELED HOME
• EASY-FLOW LAYOUT
• TOP-RATED SCHOOLS
• MOVE-IN READY

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Two total parking spaces; Attached garage; Two-car carport (oversized, covered)
• Security: Security system
• Utilities: Public water; Public sewer; Copper electrical wiring; Paved, county-maintained road access
• Home design: Single-story brick home; One-level layout; Resale property; Has fireplace
• Construction: Brick construction; Composition roof; Slab foundation
• Exterior features: Rain gutters; Front porch; Back yard fencing

Interior

• Kitchen: Remodeled kitchen with island; Dishwasher, disposal, microwave, refrigerator
• Bedrooms: Primary bedroom on the first floor (approx. 11' x 14')
• Flooring: Tile; Carpet
• Bathrooms: Two full bathrooms; Recently remodeled — total remodel within the last 1–5 years
• Heating & cooling: Central heating; Central air; Fireplace; Ceiling fans (also listed under cooling)
• Interior features: Ceiling fans; Double-pane windows; Blinds and drapes
• Laundry & utility: Washer and dryer included; Indoor laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $9 ($107/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (18.7% below list).
• Recommended offer: $219k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.4% in Pace — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#475 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: amenities F, commute F, health & safety F.
• Santa Rosa (suburban): math 63% / reading 60% proficiency, ranked #8 of 73 in FL (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pea Ridge Elementary School (math 57% / reading 55%, grade C+, #832 of 2,144 statewide, top 40%, 837 students, 60% FRL); Pace High School (math 63% / reading 62%, grade B-, #93 of 667 statewide, top 14%, 2,240 students, 34% FRL).
• Market conditions: Rents rising (+2.7%/yr); 674 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Santa Rosa County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 24y ago; this cycle's ask has dropped $26k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,805 (18.7% below list)

Questions for the listing agent

1. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.14%
• DSCR: 1.01
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $249,916
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5236 Dellran Dr	0.40mi	3/2.0	1,440 (-1%)	1mo	$245,000	$170	79
4444 Angie Ln	0.43mi	3/1.5	1,385 (-5%)	7mo	$67,500	$49	65
5221 English Oak Dr	0.49mi	3/2.0	1,608 (+11%)	2mo	$290,000	$180	57
4672 Nottingham Creek Ct	0.57mi	3/2.0	1,618 (+11%)	8mo	$279,000	$172	48
5245 Madison Ave	0.61mi	3/2.0	1,345 (-7%)	13mo	$249,900	$186	48
5474 Maranatha Way	0.67mi	3/2.0	1,338 (-8%)	14mo	$220,000	$164	44
5105 Bradford Dr	0.74mi	3/2.0	1,379 (-5%)	18mo	$199,900	$145	42
4467 Jude Way	0.64mi	3/2.0	1,655 (+14%)	24mo	$310,000	$187	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-43,689
• Equity at exit: $40,109

10-year hold

• IRR: -8.6%
• Equity multiple: 0.47×
• Total profit: $-40,034
• Equity at exit: $23,258

Cash invested: $75,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32571

• Home prices YoY: -17.7%
• Rents YoY: 2.7%
• Active inventory: 674
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,188 medium
• Mortgage (P&I): −$1,411
• Tax from tax record: −$197 /mo · $2,363/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $9

Break-even live

Break-even rent $2,177

Max offer price $269,000

Occupancy floor 95%

Sensitivity live

Price	-10% $161	-5% $85	+0% $9	+5% $-67	+10% $-143
Rent	-10% $-164	-5% $-78	+0% $9	+5% $95	+10% $182
Rate	-1.0pp $144	-0.5pp $77	base $9	+0.5pp $-61	+1.0pp $-132

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4203 Frasier Ln Milton, FL	4.0	2.0	1755	$2,195	$1.25	25d	1	1.38mi
5857 Danbury Blvd Milton, FL	3.0	2.0	1658	$2,145	$1.29	16d	1	1.40mi
5849 Danbury Blvd Milton, FL	3.0	2.0	1736	$2,100	$1.21	25d	1	1.42mi
4742 Spencer Oaks Blvd Milton, FL	4.0	2.0	1783	$1,925	$1.08	25d	1	1.45mi

Listing history 50 events

1. 2026-06-22
   days on market $269,000 Active 190 DOM
2. 2026-06-18
   days on market $269,000 Active 187 DOM
3. 2026-06-17
   days on market $269,000 Active 186 DOM
4. 2026-06-16
   days on market $269,000 Active 185 DOM
5. 2026-06-15
   days on market $269,000 Active 184 DOM
6. 2026-06-14
   days on market $269,000 Active 182 DOM
7. 2026-06-10
   days on market $269,000 Active 179 DOM
8. 2026-06-09
   days on market $269,000 Active 178 DOM
9. 2026-06-08
   days on market $269,000 Active 177 DOM
10. 2026-06-07
    days on market $269,000 Active 176 DOM
11. 2026-06-05
    days on market $269,000 Active 173 DOM
12. 2026-06-03
    days on market $269,000 Active 172 DOM
13. 2026-06-02
    days on market $269,000 Active 171 DOM
14. 2026-06-01
    days on market $269,000 Active 170 DOM
15. 2026-05-31
    days on market $269,000 Active 169 DOM
16. 2026-05-31
    days on market $269,000 Active 168 DOM
17. 2026-05-14
    price $269,000
18. 2026-05-01
    price $279,000
19. 2026-04-03
    price $281,000
20. 2026-02-22
    price $288,000
21. 2026-01-19
    price $289,000
22. 2025-12-13
    listed $295,000 Active
23. 2023-03-17
    soldstatus $260,000
24. 2023-03-14
    soldstatus $260,000 Sold 1994-char remark

    Show marketing remark (1994 chars)

    On the dead end/cul-de-sac street of Heatherwood Subd, You'll find that this 3 bedroom 2 bath home is a gem. Most of cosmetics updated since 2018, this house is turn-key. The first thing you'll notice as you drive up is the luscious landscaping that was completed by professionals, and a double gate on the right hand side, which is very convenient if you ever need to store a boat, camper or trailer. On the left you'll notice a large L-shaped, covered front porch, great for rocking chairs and Christmas lights. As you walk onto the porch, stop a moment to take in the little things. I particularly love the cove between the garage and the house great for shade plants, or even as a spot to put your more delicate plants during a windstorm. Right inside the front door, you'll notice a large fireplace with a wood mantle above it, (perfect for your stockings as Christmas time is arriving shortly.) and the tall ceiling with a beautiful faux beam. Another great feature in this home is the clustered bedroom floor plan, great for families. All the closets are a great size, with the master having a walk in closet. There is a nice sized linen closet right next to the main bath. The master bath has some extra space so you can add more storage if needed. In the kitchen you'll notice some great use of space as the cabinets are custom and only a few years old. There is a dining space by the French doors, and a breakfast nook with beautiful windows. Lots of natural light in this space. The backyard is ready for you to put your own touches into the landscape. It's very clean and tidy with more beautiful plants near the house. The 6 foot privacy fence is great so you can let your kids and dogs run around freely and have fun. There's also a built in fire pit to gather your family and friends around. Minutes from Benny Russell Park and all the grocery stores you'll need, and about 45 Minutes to Pensacola and Navarre Beaches. Feel free to stop and chat with the friendly neighbors.

25. 2023-03-07
    status Pending 1994-char remark

    Show marketing remark (1994 chars)

    On the dead end/cul-de-sac street of Heatherwood Subd, You'll find that this 3 bedroom 2 bath home is a gem. Most of cosmetics updated since 2018, this house is turn-key. The first thing you'll notice as you drive up is the luscious landscaping that was completed by professionals, and a double gate on the right hand side, which is very convenient if you ever need to store a boat, camper or trailer. On the left you'll notice a large L-shaped, covered front porch, great for rocking chairs and Christmas lights. As you walk onto the porch, stop a moment to take in the little things. I particularly love the cove between the garage and the house great for shade plants, or even as a spot to put your more delicate plants during a windstorm. Right inside the front door, you'll notice a large fireplace with a wood mantle above it, (perfect for your stockings as Christmas time is arriving shortly.) and the tall ceiling with a beautiful faux beam. Another great feature in this home is the clustered bedroom floor plan, great for families. All the closets are a great size, with the master having a walk in closet. There is a nice sized linen closet right next to the main bath. The master bath has some extra space so you can add more storage if needed. In the kitchen you'll notice some great use of space as the cabinets are custom and only a few years old. There is a dining space by the French doors, and a breakfast nook with beautiful windows. Lots of natural light in this space. The backyard is ready for you to put your own touches into the landscape. It's very clean and tidy with more beautiful plants near the house. The 6 foot privacy fence is great so you can let your kids and dogs run around freely and have fun. There's also a built in fire pit to gather your family and friends around. Minutes from Benny Russell Park and all the grocery stores you'll need, and about 45 Minutes to Pensacola and Navarre Beaches. Feel free to stop and chat with the friendly neighbors.

26. 2023-02-12
    historical Contingent 1994-char remark

    Show marketing remark (1994 chars)

    On the dead end/cul-de-sac street of Heatherwood Subd, You'll find that this 3 bedroom 2 bath home is a gem. Most of cosmetics updated since 2018, this house is turn-key. The first thing you'll notice as you drive up is the luscious landscaping that was completed by professionals, and a double gate on the right hand side, which is very convenient if you ever need to store a boat, camper or trailer. On the left you'll notice a large L-shaped, covered front porch, great for rocking chairs and Christmas lights. As you walk onto the porch, stop a moment to take in the little things. I particularly love the cove between the garage and the house great for shade plants, or even as a spot to put your more delicate plants during a windstorm. Right inside the front door, you'll notice a large fireplace with a wood mantle above it, (perfect for your stockings as Christmas time is arriving shortly.) and the tall ceiling with a beautiful faux beam. Another great feature in this home is the clustered bedroom floor plan, great for families. All the closets are a great size, with the master having a walk in closet. There is a nice sized linen closet right next to the main bath. The master bath has some extra space so you can add more storage if needed. In the kitchen you'll notice some great use of space as the cabinets are custom and only a few years old. There is a dining space by the French doors, and a breakfast nook with beautiful windows. Lots of natural light in this space. The backyard is ready for you to put your own touches into the landscape. It's very clean and tidy with more beautiful plants near the house. The 6 foot privacy fence is great so you can let your kids and dogs run around freely and have fun. There's also a built in fire pit to gather your family and friends around. Minutes from Benny Russell Park and all the grocery stores you'll need, and about 45 Minutes to Pensacola and Navarre Beaches. Feel free to stop and chat with the friendly neighbors.

27. 2023-02-04
    price $260,000 1994-char remark

    Show marketing remark (1994 chars)

    On the dead end/cul-de-sac street of Heatherwood Subd, You'll find that this 3 bedroom 2 bath home is a gem. Most of cosmetics updated since 2018, this house is turn-key. The first thing you'll notice as you drive up is the luscious landscaping that was completed by professionals, and a double gate on the right hand side, which is very convenient if you ever need to store a boat, camper or trailer. On the left you'll notice a large L-shaped, covered front porch, great for rocking chairs and Christmas lights. As you walk onto the porch, stop a moment to take in the little things. I particularly love the cove between the garage and the house great for shade plants, or even as a spot to put your more delicate plants during a windstorm. Right inside the front door, you'll notice a large fireplace with a wood mantle above it, (perfect for your stockings as Christmas time is arriving shortly.) and the tall ceiling with a beautiful faux beam. Another great feature in this home is the clustered bedroom floor plan, great for families. All the closets are a great size, with the master having a walk in closet. There is a nice sized linen closet right next to the main bath. The master bath has some extra space so you can add more storage if needed. In the kitchen you'll notice some great use of space as the cabinets are custom and only a few years old. There is a dining space by the French doors, and a breakfast nook with beautiful windows. Lots of natural light in this space. The backyard is ready for you to put your own touches into the landscape. It's very clean and tidy with more beautiful plants near the house. The 6 foot privacy fence is great so you can let your kids and dogs run around freely and have fun. There's also a built in fire pit to gather your family and friends around. Minutes from Benny Russell Park and all the grocery stores you'll need, and about 45 Minutes to Pensacola and Navarre Beaches. Feel free to stop and chat with the friendly neighbors.

28. 2022-10-19
    listed $285,000 Active 1994-char remark

    Show marketing remark (1994 chars)

    On the dead end/cul-de-sac street of Heatherwood Subd, You'll find that this 3 bedroom 2 bath home is a gem. Most of cosmetics updated since 2018, this house is turn-key. The first thing you'll notice as you drive up is the luscious landscaping that was completed by professionals, and a double gate on the right hand side, which is very convenient if you ever need to store a boat, camper or trailer. On the left you'll notice a large L-shaped, covered front porch, great for rocking chairs and Christmas lights. As you walk onto the porch, stop a moment to take in the little things. I particularly love the cove between the garage and the house great for shade plants, or even as a spot to put your more delicate plants during a windstorm. Right inside the front door, you'll notice a large fireplace with a wood mantle above it, (perfect for your stockings as Christmas time is arriving shortly.) and the tall ceiling with a beautiful faux beam. Another great feature in this home is the clustered bedroom floor plan, great for families. All the closets are a great size, with the master having a walk in closet. There is a nice sized linen closet right next to the main bath. The master bath has some extra space so you can add more storage if needed. In the kitchen you'll notice some great use of space as the cabinets are custom and only a few years old. There is a dining space by the French doors, and a breakfast nook with beautiful windows. Lots of natural light in this space. The backyard is ready for you to put your own touches into the landscape. It's very clean and tidy with more beautiful plants near the house. The 6 foot privacy fence is great so you can let your kids and dogs run around freely and have fun. There's also a built in fire pit to gather your family and friends around. Minutes from Benny Russell Park and all the grocery stores you'll need, and about 45 Minutes to Pensacola and Navarre Beaches. Feel free to stop and chat with the friendly neighbors.

29. 2019-01-09
    soldstatus $148,000
30. 2019-01-07
    soldstatus $147,950 1771-char remark

    Show marketing remark (1771 chars)

    Gorgeous 3/2 home in the heart of highly sought after Pace. Sitting on a quiet dead end street, this home has been updated all throughout. Sit and relax on the spacious and freshly painted front porch while enjoying the nicely maintained front yard. Enter through the Greatroom, boasting cathedral ceiling with an awesome wooden beam across and a wood burning brick fireplace that was recently professionally serviced so it's ready to get cozy during winter time. Continue through the formal dining room, featuring chair railing, 18" tile and French Doors leading to the outside Patio area, perfect for grilling and entertaining. The fabulous kitchen has Wellborn Cabinetry with a maple glaze, exquisite crown moulding, solid-wood tail drawers and lots of convenience with pot and pans drawers and a lazy suzan. Built-in refrigerator and microwave with hood, flat top stove and dishwasher. Breakfast nook features bay windows and is perfect for those busy mornings. The two car garage is a dream with fresh floor paint and plenty of space for a work shop. The spacious Master bedroom features a walk-in closet with wire shelves and an updated Master bath with modern stone tile. The other 2 bedrooms also feature wire closet organizers. Backyard has plenty of room to roam, run and play and it’s all around fence has been partially replaced. Whole interior has been recently painted with contemporary colors with all new electrical outlets and light switches and energy-saving LED lights. Carpet has been professionally cleaned and all tile has been re grouted and sealed. Located within minutes to top rated schools, bustling shopping centers, top restaurants and more. Make your appointment today to make this updated and move-in ready house your dream home!

31. 2018-11-06
    listed $158,000 1771-char remark

    Show marketing remark (1771 chars)

    Gorgeous 3/2 home in the heart of highly sought after Pace. Sitting on a quiet dead end street, this home has been updated all throughout. Sit and relax on the spacious and freshly painted front porch while enjoying the nicely maintained front yard. Enter through the Greatroom, boasting cathedral ceiling with an awesome wooden beam across and a wood burning brick fireplace that was recently professionally serviced so it's ready to get cozy during winter time. Continue through the formal dining room, featuring chair railing, 18" tile and French Doors leading to the outside Patio area, perfect for grilling and entertaining. The fabulous kitchen has Wellborn Cabinetry with a maple glaze, exquisite crown moulding, solid-wood tail drawers and lots of convenience with pot and pans drawers and a lazy suzan. Built-in refrigerator and microwave with hood, flat top stove and dishwasher. Breakfast nook features bay windows and is perfect for those busy mornings. The two car garage is a dream with fresh floor paint and plenty of space for a work shop. The spacious Master bedroom features a walk-in closet with wire shelves and an updated Master bath with modern stone tile. The other 2 bedrooms also feature wire closet organizers. Backyard has plenty of room to roam, run and play and it’s all around fence has been partially replaced. Whole interior has been recently painted with contemporary colors with all new electrical outlets and light switches and energy-saving LED lights. Carpet has been professionally cleaned and all tile has been re grouted and sealed. Located within minutes to top rated schools, bustling shopping centers, top restaurants and more. Make your appointment today to make this updated and move-in ready house your dream home!

32. 2018-08-16
    soldstatus $123,000
33. 2018-08-16
    soldstatus $123,000
34. 2018-06-28
    historical
35. 2018-06-25
    listed $129,900
36. 2018-06-25
    listed $134,900
37. 2014-12-31
    soldstatus $110,000
38. 2014-12-18
    soldstatus $110,000
39. 2014-11-19
    listed $114,900
40. 2012-09-10
    soldstatus $70,000
41. 2012-09-06
    soldstatus $70,000
42. 2012-02-22
    listed $75,330
43. 2011-05-05
    historical
44. 2009-03-30
    listed $85,000
45. 2007-09-28
    soldstatus $127,500
46. 2007-09-13
    soldstatus $127,500
47. 2007-05-08
    listed $146,500
48. 2007-05-08
    historical
49. 2006-11-09
    listed $149,900
50. 2003-01-13
    soldstatus $73,001

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,363 · $197/mo
• Projected year-2 tax: $2,363 · $197/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,257
• − Mortgage interest: −$15,068
• − Property taxes: −$2,363
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,101
• − Management: −$2,101
• − Depreciation: −$7,825
• Taxable loss: −$4,546
• Est. tax savings @ 24.0%: +$1,091
• After-tax cash flow: $1,198/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Santa Rosa
• NCES district ID: 1201650
• Math proficiency: 63% ▼ -6.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $58,161
• Composite: 53.12/100
• National rank: #1511
• State rank: #8 of 73 in FL

Livability — Pace

• Score: 69/100
• State rank: #475
• US rank: #8593

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment B Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pace, FL
• County: Santa Rosa County · 194,764 people
• City population: 42,171
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 42,171
• Household income: $87,617
• Rent vs Own: 16.1% rent · 83.9% own
• Severe rent burden: 301.0

Population outlook (Santa Rosa County) Hauer SSP2

• Today (2025): 195,978 people
• By 2030: 209,782 · +7.0%
• By 2040: 235,293 · +20.1%
• By 2050: 256,408 · +30.8%
• By 2075: 298,074 · +52.1%
• By 2100: 303,216 · +54.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 9% Hispanic / Latino 6% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 4% Italian 3% Slovak 2%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Santa Rosa

• 2024 margin: Solid R (+51.0) · D 24.1% · R 75.0%
• 2008→2024 swing: -3.0pp toward R · 2008: -47.9pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+46.5 2016: R+53.5 2012: R+52.6 2008: R+47.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.39%
• Current HPI: 290.2953
• Rent YoY: ▲ 2.72%
• Metro: Pensacola-Ferry Pass-Brent, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+393.6% since first listed

37 events — show timeline

• 2026-05-14 Price Changed $269,000 PARMLS
• 2026-05-01 Price Changed $279,000 PARMLS
• 2026-04-03 Price Changed $281,000 PARMLS
• 2026-02-22 Price Changed $288,000 PARMLS
• 2026-01-19 Price Changed $289,000 PARMLS
• 2025-12-13 Listed $295,000 PARMLS
• 2023-03-17 Sold (Public Records) $260,000 Public Records
• 2023-03-14 Sold (MLS) $260,000 PARMLS
• 2023-03-07 Pending — PARMLS
• 2023-02-12 Contingent — PARMLS
• 2023-02-04 Price Changed $260,000 PARMLS
• 2022-10-19 Listed $285,000 PARMLS
• 2019-01-09 Sold (Public Records) $148,000 Public Records
• 2019-01-07 Sold (MLS) $147,950 PARMLS
• 2018-11-06 Listed $158,000 PARMLS
• 2018-08-16 Sold (Public Records) $123,000 Public Records
• 2018-08-16 Sold (MLS) $123,000 PARMLS
• 2018-06-28 Listing Removed — PARMLS
• 2018-06-25 Listed $134,900 PARMLS
• 2018-06-25 Listed $129,900 PARMLS
• 2014-12-31 Sold (Public Records) $110,000 Public Records
• 2014-12-18 Sold (MLS) $110,000 PARMLS
• 2014-11-19 Listed $114,900 PARMLS
• 2012-09-10 Sold (Public Records) $70,000 Public Records
• 2012-09-06 Sold (MLS) $70,000 PARMLS
• 2012-02-22 Listed $75,330 PARMLS
• 2011-05-05 Listing Removed — PARMLS
• 2009-03-30 Listed $85,000 PARMLS
• 2007-09-28 Sold (Public Records) $127,500 Public Records
• 2007-09-13 Sold (MLS) $127,500 PARMLS
• 2007-05-08 Listing Removed — PARMLS
• 2007-05-08 Listed $146,500 PARMLS
• 2006-11-09 Listed $149,900 PARMLS
• 2003-01-13 Sold (MLS) $73,001 PARMLS
• 2002-11-28 Listed $73,000 PARMLS
• 1997-06-20 Sold (Public Records) $80,500 Public Records
• 1981-06-01 Sold (Public Records) $54,500 Public Records

Property tax history

+6.1%/yr

Latest (2025): $2,363 · +1.7% YoY. Source: county tax records.