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
Description
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.
More Information MLS# 782383
Contract Info
List Price/SqFt: 147.78
List Date: 2025-12-05
List Price: $1,575,000
Current Price: $1,575,000
Sub-Type: Multi-Family
Location
Sub Area: 1001 – Washington NE
Community/Resort: None
Waterfront: No
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.
Area: 10 – Washington County
Street #: 872
Street Name: Deer Wood
Street Suffix: Lane
State: FL
Zip Code: 32428
County: Washington
Subdivision: [No Recorded Subdiv]
Parcel ID: 00000000-00-2072-0008
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
Acreage: 1.27
Construction Status: Construction Complete
# of Units: 16
# of Stories in Building: 2
SqFt Tot Bldg: 10658
Year Built: 1982
Listing Info, Tax and Legal
HOA Fee: No
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: 1
Sale Type
As Is: 1
Floors in Unit/Home
Two: 1
Multi-Family
# of Units: 16
Status Change Info
Status: Active
Property Features
Sale Type: As Is
Listing Office:
Luxe Coastal Realty Group LLC
Last Updated: January – 30 – 2026
Information deemed reliable but not guaranteed.