Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,575,000 -$63,000 (-3.85%) Price Reduced

  • For Sale
  • Active
  • Commercial
See This Home
Save This Home
See This Home
Save This Home
Now offered at a significantly improved price, Deerwood Apartments presents a compelling value-add opportunity in Northwest Florida. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over one acre and features a balanced unit mix of eight 1BR/1BA units (550 SF) and eight 2BR/1BA units (850 SF). The property has benefited from substantial capital improvements, including a new septic system, new driveway and parking lot, full exterior repaint, updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated with the remaining units refreshed, providing a largely turnkey asset with durable, investor-friendly upgrades. Conveniently positioned near I-10, shopping, dining, and medical services, the property also benefits from Chipley's continued revitalization and growth along Hwy 77. With strong rental demand, recent improvements already in place, and a strategic price reduction, Deerwood Apartments offers stability today with long-term upside for savvy investors.

Full Property Details for 872 Deerwood Ln

General

  • Price: $1,575,000
  • Status: Active
  • Type: Commercial
  • Source: Emerald_Coast
  • MLS ID: 990830
  • Updated: 1/30/2026
  • Added to Site: 56 day(s) ago

Location

  • Area: 30 - Other Counties
  • 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.

Disclosures and Reports

  • Legal Description: 8 4 13 1.27 ORB 1253 P 724 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 1253 P 724. ESMTS IN ORB 1253 P 726 & ORB 1253 P 735.
  • APN: 00000000-00-2072-0008

Listed by Luxe Coastal Realty

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 872 Deerwood Ln —

  • Luxe Coastal Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 Pitney Bowes 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
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.

Estimate the Cost for 872 Deerwood Ln

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Luxe Coastal Realty

Just Listed near 872 Deerwood Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1853 Winterville Ln, Bonifay, FL 32425 - Photo 1 Just Listed
$300,000

1853 Winterville Ln  Bonifay, FL 32425

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
Tbd S County Road 65 S, Bonifay, FL 32425 - Photo 1 Just Listed
$230,000

Tbd S County Road 65 S  Bonifay, FL 32425

  • Vacant Land
  • Active
  • Updated 1 day ago
  • 45
    Acres
402 Hatcher Dr, Bonifay, FL 32425 - Photo 1 Just Listed
$99,000

402 Hatcher Dr  Bonifay, FL 32425

  • Single Family
  • Active
  • Updated 2 hours ago
  • 3
    Beds
  • 1
    Total Bath
2735 Marian Dr, Bonifay, FL 32425 - Photo 1 Just Listed
$235,000

2735 Marian Dr  Bonifay, FL 32425

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 3
    Total Baths

Price Reduced near 872 Deerwood Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1486 N Hwy 79, Bonifay, FL 32425 - Photo 1 Price Reduced
-$5,000 (-1.35%)
$364,900

1486 N Hwy 79  Bonifay, FL 32425

  • Vacant Land
  • Active
  • Updated 4 days ago
  • 28.76
    Acres
2724 Muir Ln, Bonifay, FL 32425 - Photo 1 Price Reduced
-$500 (-1.79%)
$27,500

2724 Muir Ln  Bonifay, FL 32425

  • Vacant Land
  • Active
  • Updated 1 day ago
  • 0.52
    Acres
1528 Hilltop Dr, Bonifay, FL 32425 - Photo 1 Price Reduced
-$5,000 (-0.74%)
$674,900

1528 Hilltop Dr  Bonifay, FL 32425

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 3
    Total Baths
2698 Sherwood Dr, Bonifay, FL 32425 - Photo 1 Price Reduced
-$1,000 (-1.43%)
$68,999

2698 Sherwood Dr  Bonifay, FL 32425

  • Lots/Land
  • Active
  • Updated 2 days ago
  • 0.72
    Acres
Listed by New Alliance Group Realty

872 Deerwood Lane, Chipley, FL 32428 (MLS# 990830) is a Commercial property. 872 Deerwood Lane is currently listed for $1,575,000 and was received on December 05, 2025. Want to learn more about 872 Deerwood Lane? Do you have questions about finding other Commercial real estate for sale in Chipley? You can browse all Chipley real estate or contact a Coldwell Banker agent to request more information.

Tour this property