423 Kelly Street, Panama City Beach, FL 32413

• 3 beds |
• 2 baths |
• 1,200 sqft

Property Description

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 Status:

Active

Date Added:

May 1, 2026

Data Last Updated:

May 2, 2026 at 12:16AM

Listing Office:

Luxe Coastal Realty Group LLC : 848-220-5555

MLS ID:

788212

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 3336065-009-000

Utilities

• Utilities: Cable Connected

Financial

• Source: CPAR_CPAR