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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