423 Kelly Street, Panama City Beach, FL 32413
- $499,999
- 3
- BD
- 2
- BA
- List Price
- $499,999
- Status
- ACTIVE
- MLS#
- 788212
- Subtype
- Residential
- Style
- Bungalow
- Year Built
- 1983
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 5,663
- Acres
- 0.13
- Subdivision
- Kiska Beach 1st Add
- Neighborhood
- Beach - West South
- MLS Area Major
- Bay County - Beach
Property Description
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.
Additional Information
- Interior Features
- Main Level Primary
- Property Description
- Bungalow
- Elementary School
- West Bay
- Middle School
- Surfside
- High School
- Arnold
Listing courtesy of Luxe Coastal Realty Group LLC.