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$1,525,000 -$50,000 (-3.17%) Price Reduced

  • For Sale
  • Active
  • Commercial
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INVESTORS -- $50K PRICE REDUCTION. Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow and clear upside. Unit mix includes (8) 1BR/1BA and (8) 2BR/1BA units. Recent ~$350K in improvements: new septic, parking lot, exterior paint, updated laundry facility (additional income), plus 8 fully renovated units and 8 refreshed units. Roof replaced 2019. Strong in-place income with below-market rents provides a path to increased NOI. Located near I-10 and the growing Hwy 77 corridor with consistent rental demand. Turnkey asset with minimal CapEx and built-in upside at a newly improved price. 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: $1,525,000
  • Status: Active
  • Type: Commercial
  • Source: Emerald_Coast
  • MLS ID: 990830
  • Updated: 5/1/2026
  • Added to Site: 148 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
  • Property ID: 00000000-00-2072-0008

Listed by Luxe Coastal Realty

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— 872 Deerwood Ln —

  • Luxe Coastal Realty

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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
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
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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
—
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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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872 Deerwood Lane, Chipley, FL 32428 (MLS# 990830) is a Commercial property. 872 Deerwood Lane is currently listed for $1,525,000 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.

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