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3 Beds
2 Baths
1,200 sqft

$499,999

423 Kelly Street, Panama City Beach FL, 32413

Price per sqft$416.67
Built in1983
Property size1,200 sqft
Property typeResidential

Overview

Active

Listed Apr 11, 2026

Updated Jul 14

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.

$3,327/mo

Est. mortgage payment based on a $499,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
788212

Interior Features

Bedrooms
3
Bathrooms
2
Basement
No

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$4,388
Tax Frequency
Annually

 

Courtesy of Luxe Coastal Realty Group LLC, Marcy L O'Donnell,
Listing Contact: 848-220-5555 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Salty Marlin Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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