872 Deer Wood Lane, Chipley, FL 32428
$1,575,000
Property Type:
Commercial for Sale
Square Footage:
10,658
Lot Size (sq. ft.):
55,321
Status:
Active
Current Price:
$1,575,000
List Date:
12/05/2025
Last Modified:
1/30/2026
Listing Details MLS# 782383
Contract Info
- List Price/SqFt
- 147.78
- Sub-Type
- Multi-Family
Location
- Area
- 10 – Washington County
- Street #
- 872
- Street Name
- Deer Wood
- Street Suffix
- Lane
- State
- FL
- Zip Code
- 32428
- County
- Washington
- Sub Area
- 1001 – Washington NE
- Subdivision
- [No Recorded Subdiv]
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 00000000-00-2072-0008
- 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.
- 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.
General Property Info
- List Class
- Apartment
- Construction Status
- Construction Complete
- # of Units
- 16
- # of Stories in Building
- 2
- Acreage
- 1.27
- SqFt Tot Bldg
- 10658
- Year Built
- 1982
Multi-Family
- # of Units
- 16
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- 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.
Office/Member Info
- Seller Concessioins
- No
Association Amenities
- Laundry
- Yes
Sale Type
- As Is
- Yes
Floors in Unit/Home
- Two
- Yes
Property Features
Sale Type:
As Is
Listing Office:
Luxe Coastal Realty Group LLC
Last Updated: January – 30 – 2026
Information deemed reliable but not guaranteed.