Date
Details
Price
Change
Source
12/05/2025
Listed
$1,638,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,638,000
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Property Description
Deerwood Apartments offers a strong investment opportunity in the growing NW Florida market. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over an acre and features eight 1BR/1BA units (550 sq ft) and eight 2BR/1BA units (850 sq ft). The property has received significant recent upgrades, including a new septic system, new driveway and parking lot, full exterior paint, an updated on-site laundry facility, and a 2019 roof. Inside, 8 units have been fully remodeled and 8 have been refreshed, offering a turnkey asset with durable improvements throughout. Residents enjoy convenient access to I-10, nearby shopping and dining, medical services, and Chipley's ongoing revitalization efforts. The area continues to experience steady growth along HWY 77 and increased commercial activity tied to regional employment hubs. Now offered with a strategic price adjustment, Deerwood Apartments presents exceptional value for investors seeking stability, strong rental demand, and long-term upside in a desirable Florida submarket.
Full Property Details
Full Property Details for 872 Deerwood Ln
General
- Price: $1,638,000
- Taxes: $9,782 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: Regional
- MLS ID: R11145666
- Updated: 1/22/2026
- Added to Site: 56 day(s) ago
Interior
- Flooring: Other
Additional Information
- Security/Safety: Fire Sprinkler System
Location
- County: Washington
- 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: 5940 - Other Florida County
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Roof: Other
- Stories/Levels: 2
- Building Size: 10037
- Year Built: 1982
Lot Features
- Lot Size (Acres): 1.27
- Lot Size (Sq. Ft.): 55,321.2
- Zoning: Commercial
Financial Considerations
- Tax Amount: $9,782.67
- Tax Year: 2025
- Terms: Assumable, Cash, Conventional
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Documents Avail.: Financials
- Legal Description: 8 4 13 2.2 OR 179 P 591 BEG. 660'E., 215.82'S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4, RUN
- Property ID: 20720008
Listed by Luxe Coastal Realty Group LLC
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Listing agent
— 872 Deerwood Ln —
Luxe Coastal Realty Group LLC
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Schools
Schools serving 872 Deerwood Ln
School District:Washington County School District, Vernon, FL
| Name | Grades | Distance |
|---|---|---|
Kate M. Smith Elementary School 1447 South Boulevard, Chipley, FL 32428 | PK-4 | 0.8 mi |
Washington Virtual Franchise 753 West Boulevard, Chipley, FL 32428 | 6-12 | 1.1 mi |
Washington Virtual Instruction Program 652 3rd Street, Chipley, FL 32428 | K-12 | 1.8 mi |
Roulhac Middle School 1535 Brickyard Road, Chipley, FL 32428 | 5-8 | 0.6 mi |
Vernon Middle School 3190 Moss Hill Road, Vernon, FL 32462 | 5-8 | 13.1 mi |
Chipley High School 1545 Brickyard Road, Chipley, FL 32428 | 9-12 | 0.6 mi |
Vernon High School 3232 Moss Hill Road, Vernon, FL 32462 | 9-12 | 13.2 mi |
Vernon Elementary School, Vernon, FL 3665 Roche Avenue, Vernon, FL 32462 | PK-4 | 12.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 872 Deerwood Ln
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- Lots/Land
- Active
- Updated 2 days ago
- 2.7Acres
Listed by New Alliance Group Realty
- Lots/Land
- Active
- Updated 2 days ago
- 0.72Acres
Listed by New Alliance Group Realty
872 Deer Wood Lane, Chipley, FL (MLS# R11145666) is a Commercial Multi-Family property. 872 Deer Wood Lane is currently listed for $1,638,000 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.