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423 Kelly Street, Panama City Beach, FL 32413 Active 1 / 33
$499,999

423 Kelly Street, Panama City Beach, FL 32413

Panama City Beach, FL 32413
  • 3 Beds
  • 2 Baths
  • 1,200 Sq Ft
  • 1983 Built
  • MLS 788212

About this home

Loсatеd јuѕt a fеw bloсks from the Gulf on the highly desirable wеst end of Ρanama 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.

Property details

Property typeSingleFamilyResidence
StatusActive
Area03 - Bay County - Beach
SubdivisionKiska Beach 1st Add
CityPanama City Beach
CountyBay
Zip32413
StyleBungalow
Taxes$4,388
Tax year2025

Interior

Total rooms3
Full baths2
Interior featuresMainLevelPrimary

Exterior & lot

Lot size0.13 acres
Lot dimensions50 x 112

Schools

ElementaryWest Bay
MiddleSurfside
HighArnold

Community

Community featuresShort Term Rental Allowed
DirectionsApprox. 1 mile East of the Walton Co/Bay Co. line on Hwy 98 or approx. 5 miles West of Hwy 79

Data source: Central Panhandle Association of REALTORS®

Location

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