$1,575,000
$63K PRICE DROP

872 Deerwood Ln Chipley, FL 32428

Estimated payment $9,664/month

Total Views 1,410
-- Bed
-- Bath
10,658 Sq Ft
$148 Price per Sq Ft

About 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.

Listing Agent

Marcy O'Donnell

Luxe Coastal Realty Group LLC License #3417794 Listed on: 12/05/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Additional Features

  • 2-Story Property
  • 1.27 Acre Lot

Community Details

  • No Home Owners Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

1.27 Acres

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1982
  • Property Sub Type: Multi Family
  • Lot Size Acres: 1.27
  • Subdivision Name: [No Recorded Subdiv]
  • Unit Levels: Two
  • Building Stories: 2
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Stories: 2

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 55321.2
  • Mobile Dim Units: Feet

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2026 01/30/26 Price Changed $1,575,000 -3.8% $148 / Sq Ft
12/05/2025 12/05/25 For Sale $1,638,000 0.0% $154 / Sq Ft
11/15/2024 11/15/24 For Rent $1,025 0.0% --
10/08/2024 10/08/24 Off Market $1,025 -- --
Source: Central Panhandle Association of REALTORS®

Source: Central Panhandle Association of REALTORS®

MLS Number: 782383

Central Panhandle Association of REALTORS®
Florida Washington County Chipley 32428

872 Deerwood Ln, Chipley, FL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Nearby Homes
Marcy O'Donnell
Listing Agent
Marcy O'Donnell
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Luxe Coastal Realty Group LLC
(448) 202-5822
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