423 Kelly Street, Panama City Beach, FL 32413

New Listing
$499,999
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,200 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $499,999 List Date: 4/11/2026 Last Modified: 4/11/2026

Description

Rare opportunity to own a turnkey short-term rental just a few blocks from the Gulf on the highly desirable west end of Panama City Beach, minutes to the Rosemary Beach entrance to 30A. This 3BR/2BA coastal bungalow has been updated with new LVP flooring, fresh interior paint, expanded driveway for additional guest parking, and a low-maintenance backyard--ideal for maximizing rental performance. Fully fenced yard features a detached storage building with potential to convert into a charming guest suite, bunk room, or flex space (buyer to verify), plus room to add a pool for significant income upside. Projected STR revenue approximately $55K-$70K+ annually. Strong demand for beach properties in this price point--opportunities like this are limited.

More Information MLS# 1000414

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 416.67 List Date: 2026-04-11 Current Price: $499,999 List Price: $499,999

Location, Tax and Legal

Sub Area: 2724 - Beach - West Central Elementary School: West Bay Middle School: Surfside High School: Arnold Legal Description: 1ST ADD KISKA BEACH MAP 13B3 LOT 19 BLK E ORB 3880 P 33

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Garage: No Carport: No Driveway Spaces: 4 Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 1200 Bedrooms: 3 Full Baths: 2 Total Bathrooms: 2 # Stories: 1 Year Built: 1983 Acreage: 0.13

Listing Info, Tax & Legal

Homestead: Yes Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 4387.51 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: Rare opportunity to own a turnkey short-term rental just a few blocks from the Gulf on the highly desirable west end of Panama City Beach, minutes to the Rosemary Beach entrance to 30A. This 3BR/2BA coastal bungalow has been updated with new LVP flooring, fresh interior paint, expanded driveway for additional guest parking, and a low-maintenance backyard--ideal for maximizing rental performance. Fully fenced yard features a detached storage building with potential to convert into a charming guest suite, bunk room, or flex space (buyer to verify), plus room to add a pool for significant income upside. Projected STR revenue approximately $55K-$70K+ annually. Strong demand for beach properties in this price point--opportunities like this are limited.

Construction Status

Construction Complete: 1

Lot/Parcel Access

City Road: 1

Lot Features

Within 1/2 Mile to Water: 1

Project Facilities

Short Term Rental - Allowed: 1

Construction/Siding

Roof Metal: 1 Stucco: 1

Utilities

Electric: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Appliances

Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Fire Alarm/Sprinkler: 1 Microwave: 1 Washer: 1

Energy

AC - Central Elect: 1

Master Bedroom

First: 1

Bedroom

First: 1

Rooms

Bedroom: 1 Dining Room: 1 Family Room: 1 Master Bedroom: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 423 Street Name: Kelly Street Suffix: Street State: FL Zip Code: 32413 County: Bay Project Name/Subdivision: KISKA BEACH 1ST ADDN Parcel ID: 36065-009-000

Property Features

Construction Status: Construction Complete Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Project Facilities: Short Term Rental - Allowed Appliances: Cooktop; Dishwasher; Disposal; Dryer; Fire Alarm/Sprinkler; Microwave; Washer Utilities: Electric; TV Cable Energy: AC - Central Elect Master Bedroom: First Bedroom: First Rooms: Bedroom; Dining Room; Family Room; Master Bedroom

Room Information

Master Bedroom Level: First Dimensions: 14 x 21 Length: 14.00 Width: 21.00 Remarks: Buyer to verify Dimensions: 14 x 21 Bedroom Level: First Dimensions: 11 x 11 Length: 11.00 Width: 11.00 Remarks: Buyer to verify Dimensions: 11 x 11 Bedroom Level: First Dimensions: 11 x 11 Length: 11.00 Width: 11.00 Remarks: Buyer to verify Dimensions: 11 x 11 Dining Room Level: First Dimensions: 10 x 10 Length: 10.00 Width: 10.00 Remarks: Buyer to verify Dimensions: 10 x 10 Family Room Level: First Dimensions: 14 x 16 Length: 14.00 Width: 16.00 Remarks: Buyer to verify Dimensions: 14 x 16
Listing Office: Luxe Coastal Realty
Last Updated: April - 11 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.