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423 Kelly Street, Panama City Beach, FL 32413

$499,999

$417 per ft²

3 Bed

2 Bath

1,200 Sq Ft

0.13 Acres

Listing Office: Luxe Coastal Realty Group LLC

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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 often--especially at this price point.

Listing Agent:

License Number:

Offered by: Luxe Coastal Realty Group LLC

Office Phone: 848-220-5555

MLS: #788212

Central Panhandle Association of REALTORS® MLS

Date Added: 04/10/2026 12:00:00 am

Last Update: 06/11/2026 11:32:04 pm

Days on Market: 75

Interior

General: Main Level Primary

Exterior

Style: Bungalow

Location

Originating MLS: CPAR_CPAR
County: Bay

Lot

Zoning: 1ST ADD KISKA BEACH MAP 13B3 LOT 19 BLK E ORB 3880 P 33, 36065-009-000

Utilities

Utilities: Cable Connected

Financial

Source: CPAR_CPAR

Property

Year Built: 1983
Type: Single Family Home
Style: Bungalow
Neighborhood: Kiska Beach
Parcel #: 36065-009-000

Schools

Elementary: West Bay
Middle: Surfside
High: Arnold

05/01/2026Active

04/21/2026Pending

04/12/2026$499,999@ 417 per ft²Listed

04/12/2026Active

Listing Broker

1 @

Email: info@orangerealty.pro

Location: AL

MLS: #788212

Source: Central Panhandle Association of REALTORS® MLS

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423 Kelly Street, Panama City Beach, FL 32413 is a 3 Bed, 2 Bath, 1,200 Sq Ft, 0.13 Acres, Single Family Home built in 1983.

This property is currently available and was listed by Central Panhandle Association of REALTORS® MLS on 04/10/2026 12:00:00 am. The MLS # for the property is MLS #788212.