423 Kelly Street, Panama City Beach, FL 32413

Panama City Beach
Local realty services provided by:ERA Neubauer Real Estate, Inc.
423 Kelly Street,Panama City Beach, FL 32413
$499,999
  • 3 Beds
  • 2 Baths
  • 1,200 sq. ft.
  • Single family
  • Active
Listed by: marcy l o'donnell
Office: luxe coastal realty group llc.
MLS#:788212
Source:FL_BCMLS

Price summary

  • Price:$499,999
  • Price per sq. ft.:$416.67

About this home

Located just a few blocks from the Gulf on the highly desirable west end of Panama City Beach, this updated coastal bungalow is perfectly positioned for both personal enjoyment and short-term rental income. Featuring new LVP flooring, fresh interior paint, expanded driveway for additional guest parking, and a low-maintenance backyard, this home is designed for ease of ownership and strong rental performance. The fully fenced yard includes a detached storage building with potential to convert into a charming bonus space (buyer to verify) and offers room to add a pool for additional income upside. Professional rental projections estimate approximately $62K-$88K in annual gross revenue with strong occupancy potential. Ideally located near public beach access, the Rosemary Beach entrance to 30A, and Pier Park. Opportunities like this don't come around often--especially at this price point.

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Home facts

  • Year built:1983
  • Subdivision & Development:Kiska Beach 1st Add
  • Listing ID #:788212
  • Added:147 day(s) ago
  • Updated:September 06, 2026 at 02:44 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:3
  • Living area:1,200 sq. ft.

Structure and exterior

  • Year built:1983
  • Building area:1,200 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Bungalow

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:West Bay

Finances and disclosures

  • Price:$499,999
  • Price per sq. ft.:$416.67
  • Tax amount:$4,388 (2025)
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