423 Kelly Street
Panama City Beach, FL 32413
3
Bed
2
Bath
0.13Acre(Lot)
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 annu
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 3 -
Interior Features
MainLevelPrimary
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Building Information
Year Built: 1983Building Area Total: 1200Private Pool: No
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Lot Information
Lot Dimensions: 50 x 112 Main Square Feet: 0.13 Lot Size Acres: 0.13 Lot Size Square Feet: 5,663Property Information
Subdivision: Kiska Beach 1st Add Source Property Type: Residential MLS Area Minor: 0325 - Beach - West South Property SubType: Single Family Residence Property Age: 43
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Listing Price Information
Listing Price: $499999
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Tax Information
Parcel Number: 36065-009-000 Tax Year: 2025 Annual Tax: $4388 Tax Legal Desc: 1ST ADD KISKA BEACH MAP 13B3 LOT 19 BLK E ORB 3880 P 33
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School Information
Elementary School: West Bay Junior High School: Surfside Senior High School: Arnold -
Utility Information
CableConnected -
Location Information
Direction: Approx. 1 mile East of the Walton Co/Bay Co. line on Hwy 98 or approx. 5 miles West of Hwy 79
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 19914 Front Beach Road, Panama City Beach, FL, 32413 | $1,699,999 | 5 | 5 | 2,132 | 2,132 SqFt |
| 6331 Turkey Cove Lane, Panama City Beach, FL, 32413 | $889,000 | 3 | 2 | -- | |
| 6314 Turkey Cove Lane, Panama City Beach, FL, 32413 | $1,225,000 | 3 | 4 | -- | |
| 7509 Morning Marsh Trail, Panama City Beach, FL, 32413 | $1,499,000 | 3 | 3 | -- | |
| 6501 Golden Aster Trail, Panama City Beach, FL, 32413 | $1,049,000 | 3 | 4 | -- | |
| 6500 Ogeeche Trail, Panama City Beach, FL, 32413 | $1,330,000 | 4 | 4 | -- | |
| 8613 Preservation Drive, Panama City Beach, FL, 32413 | $149,500 | -- | -- | -- | |
| 6608 Button Buck Trail, Panama City Beach, FL, 32413 | $850,000 | 3 | 3 | -- | |
| 8539 Preservation Drive, Panama City Beach, FL, 32413 | $674,000 | 3 | 4 | -- | |
| 8525 Preservation Drive, Panama City Beach, FL, 32413 | $755,555 | 3 | 3 | -- |
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ByOwner last updated this listing 06/23/2026 @ 20:03
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