423 Kelly Street, Panama City Beach, FL 32413

Panama City Beach
Local realty services provided by:Better Homes and Gardens Real Estate Historic
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

Back on the market--no fault of the seller--offering a second chance to secure this incredible beach investment opportunity. 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...

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Home facts

  • Year built:1983
  • Listing ID #:788212
  • Added:55 day(s) ago
  • Updated:June 06, 2026 at 02:24 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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