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Wade M. Berlin

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423 Kelly Street
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PRICED AT ONLY: $499,999

Address: 423 Kelly Street, Panama City Beach, FL 32413

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.

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More Like This
  • MLS#: 788212 ( Residential )
  • Street Address: 423 Kelly Street
  • Viewed: 34
  • Price: $499,999
  • Price sqft: $417
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 1200
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 33

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: West Bay
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Utilities: CableConnected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Legal Description: 1ST ADD KISKA BEACH MAP 13B3 LOT 19 BLK E ORB 3880 P 33
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Vacant
  • Parcel Number: 36065-009-000
  • Style: Bungalow
  • The Range: 0.00
  • Views: 34
Nearby Subdivisions
[no Recorded Subdiv]   Bare Footin Condominium   Bayside At Ward Creek   Beachside East   Beachwalk Condo   Bid-a-wee   Bid-a-wee Beach   Bid-a-wee Beach 1st   Bid-a-wee Beach 1st Add   Breakwater At Ward Creek   Carillon Beach   Carillon Beach Phase I   Casa Del Mar   Coral Bay Village   Crestview Heights   Diamond Head-lakeside   El Centro Beach   Gulf Highlands   Gulf Highlands Unit-1   Gulf Highlands Unit-2   Gulf Vista   Gulf Vista Sec 2   Hollywood Beach   Horizon South Townhouses   Inlet Beach Heights   Jamaican Lake   Kelly Street Pines   Kiska Beach   Kiska Beach 1st Add   La Valencia Beach Resort   Laguna Beach   Laguna Beach 2nd Add   Laguna Beach 2nd Addition   Laguna Beach 6th Add   Laguna Beach 7th Add   Laguna Beach 8th Add   Laguna Beach Estates   Laguna Beach Estates 5th Add   Laguna Beach Estates 6th Add   Laguna Beach Estates 7th Add   Laguna Beach Estates 9th Add   Laguna Haven   Lakes At Summer Breeze   Lakeside By The Gulf   Lakeside Villas   Latitude At Watersound   Lullwater Beach   Margaritaville Cottages   Miller's Landing On Lake Powel   Miramar Beach   Miramar Beach 1st   Miramar Heights   No Named Subdivision   Open Sands   Palmetto Bluff   Palmetto Trace   Palmetto Trace Phase 1   Palmetto Trace Phase 2   Palmetto Trace Phase Iii   Palmetto Trace Phase Iv   Panama City Beach   Paradise Grove   Pier Park   Pirate's Cove Inlet   Pointe Panama   Reviera Beach Villas   Rivercamps On Crooked Creek   Rivercamps On Crooked Creek Ph   Riviera Beach   Riviera Beach 1st Add   Royal Palms Of Laguna Beach   Salt Grass At Ward Creek   Sand Dollar Estates   Santa Monica Beach   Seaclusion Beach   Seagull Beach   Seminole Ridge   Shores   Shores Townhouses   Southern Exposures Ii   Southfield Sec 1   Southwinds Estates   Summer Breeze   Summer Breeze Phase Ii   Summer Towne Cottage Condo Ph    Summerwood Phase I   Sunnyside   Suntime Beach U-1   The Palms   The Preserve At Lake Powell   Turtle Cove At Lake Powell   Villa Chateaus   Wells Gulf Beach Estates   Westlake Estates Phase I   Westwood Beach Estates   Whisper Dunes   White Sands Estates   Wild Heron Phase I   Wild Heron Phase Ii   Wild Heron Phase V   Wild Heron Phase Vi   Wild Heron Phase Xiv  
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  2. The Real Estate Professional You Deserve
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Wade M. Berlin

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