Price Check
How this price compares
- List price
- $1,425,000
- Price per sq ft
- N/A
- Original price
- $1,638,000
- Days on market
- 292
This commercial property is listed at $1,425,000. The asking price has come down 13% from its original $1,638,000. It has been on the market for 292 days.
Estimated monthly payment
$7,489 /mo
Principal and interest only, based on $285,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,425,000
- Days on Site
- 292 Days
- Bedrooms
- 0
- Total Baths
- 16
- Total Sq Ft
- 10,037 sqft
- Lot Size
- 1.27 Acres
- Year Built
- 1982
- Property Type
- Commercial
- MLS #
- R11145666
- Property Tax
- $9,783 (2025)
- County
- Washington
- Status
- Active
About This Property
Deerwood Apartments offers a strong investment opportunity in the growing NW Florida market. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over an acre and features eight 1BR/1BA units (550 sq ft) and eight 2BR/1BA units (850 sq ft). The property has received significant recent upgrades, including a new septic system, new driveway and parking lot, full exterior paint, an updated on-site laundry facility, and a 2019 roof. Inside, 8 units have been fully remodeled and 8 have been refreshed, offering a turnkey asset with durable improvements throughout. Residents enjoy convenient access to I-10, nearby shopping and dining, medical services, and Chipley's ongoing revitalization efforts. The area continues to experience steady growth along HWY 77 and increased commercial activity tied to regional employment hubs. Now offered with a strategic price adjustment, Deerwood Apartments presents exceptional value for investors seeking stability, strong rental demand, and long-term upside in a desirable Florida submarket.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1982
- Levels
- Two
- Lot Size (Acres)
- 1.27
- Total Sq Ft
- 10,037
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- Commercial
Interior Features
- Cooling
- Wall Window Units
- Heating
- Electric
- Flooring
- Other
Exterior Features
- Roof
- Other
Community & HOA
- Security
- Fire Sprinkler System
- Utilities
- Cable Available
- Financing Terms
- Assumable / Cash / Conventional
- MLS Area
- 5940 - Other Florida County
About the Area
- Homes for Sale
- 14
- Under Contract
- 0
- Avg Days on Market
- 309
Frequently Asked Questions
- How do I schedule a tour of 872 Deer Wood Lane, Chipley, FL 32428?
- Use the Tour button on this listing to request a showing of 872 Deer Wood Lane, Chipley, FL 32428. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 872 Deer Wood Lane, Chipley, FL 32428 still available?
- 872 Deer Wood Lane, Chipley, FL 32428 is currently listed as Active, and has been on the market 292 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 872 Deer Wood Lane, Chipley, FL 32428?
- With 20% down ($285,000) on the $1,425,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 872 Deer Wood Lane, Chipley, FL 32428 is about $7,489/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 872 Deer Wood Lane, Chipley, FL 32428?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 872 Deer Wood Lane, Chipley, FL 32428. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 872 Deer Wood Lane, Chipley, FL 32428?
- Often, yes. The right offer on 872 Deer Wood Lane, Chipley, FL 32428 depends on how it's priced against comparable commercial sales in Chipley, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Luxe Coastal Realty Group LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 25, 2026.
$1,425,000
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Listed by Marcy L O'Donnell, Luxe Coastal Realty Group LLC
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