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$1,425,000 -$100,000 (-6.56%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
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ANOTHER $100,000 PRICE REDUCTION! Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow, significant recent capital improvements, and exceptional upside potential. The property features (8) 1BR/1BA units and (8) 2BR/1BA units, with approximately $350,000 invested in upgrades including a new septic system, new parking lot, full exterior repaint, updated on-site laundry facility (additional income stream), eight fully renovated units, eight refreshed units, and a 2019 roof. Strong in-place income, below-market rents, and minimal near-term capital expenditures create a clear path to increasing NOI. Conveniently located near I-10 and the rapidly growing Hwy 77 corridor with consistent rental demand. Aggressively priced and one of the strongest multifamily values currently available in Northwest Florida.

Full Property Details for 872 Deerwood Ln

General

  • Price: $1,425,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Bay_County
  • MLS ID: 782383
  • Updated: 7/15/2026
  • Added to Site: 222 day(s) ago

Location

  • County: Washington
  • Subdivision: [No Recorded Subdiv]
  • Driving Directions: From the beach, take Hwy 79 to FL 277/Roche Ave and turn right. Turn right on Brickyard Rd and then left on Deerwood Lane.

Community

  • Community Name: 10 - Washington County

Structural Information

  • Stories/Levels: 2
  • Year Built: 1982

Lot Features

  • Lot Size (Acres): 1.27
  • Lot Size (Sq. Ft.): 55,321.2
  • Lot Size: 1.27

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: 8 4 13 1.27 ORB 981 P 367 BEG. 660'E., 337.3' S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4, RUN W 335.7' TO POB, S 294' TO SR 280, W 40', N 180', W 170', N 234.88', E 210', S 120.88 TO POB. AS DESC IN ORB 981 P 367.
  • Property ID: 00000000-00-2072-0008

Listed by Luxe Coastal Realty Group LLC

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— 872 Deerwood Ln —

  • Luxe Coastal Realty Group LLC

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with our affiliated lender
NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 872 Deerwood Ln

School District:Washington County School District, Vernon, FL
NameGradesDistance
Kate M. Smith Elementary School
1447 South Boulevard, Chipley, FL 32428
PK-40.8 mi
Vernon Elementary School, Vernon, FL
3665 Roche Avenue, Vernon, FL 32462
PK-412.7 mi
Roulhac Middle School
1535 Brickyard Road, Chipley, FL 32428
5-80.6 mi
Vernon Middle School
3190 Moss Hill Road, Vernon, FL 32462
5-813.1 mi
Chipley High School
1545 Brickyard Road, Chipley, FL 32428
9-120.6 mi
Vernon High School
3232 Moss Hill Road, Vernon, FL 32462
9-1213.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 872 Deerwood Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/15/2026
Price Reduced
$1,425,000
-6.56%
MLS
5/01/2026
Price Reduced
$1,525,000
-3.17%
MLS
1/30/2026
Price Reduced
$1,575,000
-3.85%
MLS
12/05/2025
Listed
$1,638,000
92.71%
MLS
9/09/2022
Sold
$850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 872 Deerwood Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,783
9%
$724,969
4%
2024
$8,968
14%
$699,313
22%
2023
$7,836
47%
$574,060
24%
2021
$5,337
-9%
$461,952
-15%
2022
$5,853
10%
$540,867
32%
2021
$5,337
12%
$408,282
53%
2019
$4,754
2%
$266,631
10%
2018
$4,656
—
$242,392
-38%
2017
$4,650
1%
$391,679
-1%
2016
$4,605
56%
$395,457
122%
2015
$2,957
—
$178,531
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Luxe Coastal Realty Group LLC

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872 Deer Wood Lane, Chipley, FL 32428 (MLS# 782383) is a Commercial Multi-Family property. 872 Deer Wood Lane is currently listed for $1,425,000 and was received on December 05, 2025. Want to learn more about 872 Deer Wood Lane? Do you have questions about finding other Commercial Multi-Family real estate for sale in Chipley? You can browse all Chipley real estate or contact a Coldwell Banker agent to request more information.

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