Wallace is an unincorporated community and census-designated place in Santa Rosa County, Florida, United States. Its population was 3,868 at the 2020 census, up from 1,785 at the 2010 census. It is part of the PensacolaâÂÂFerry PassâÂÂBrent, Florida Metropolitan Statistical Area.
According to the U.S. Census Bureau, the community has an area of ; of its area is land, and is water.