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$499,999 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • Updated 2 days ago
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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.

Full Property Details for 423 Kelly St

General

  • Price: $499,999
  • Taxes: $4,388 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 788212
  • Updated: 4/12/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 3

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Location

  • County: Bay
  • Subdivision: Kiska Beach 1st Add
  • Driving Directions: Approx. 1 mile East of the Walton Co/Bay Co. line on Hwy 98 or approx. 5 miles West of Hwy 79

School Information

  • Elementary School: West Bay
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach

Utilities

  • Utility Description: Cable Connected

Structural Information

  • Architectural Style: Bungalow
  • Sq. Ft. Source: Appraiser
  • Year Built: 1983

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,663
  • Lot Size: .13
  • Lot Dimensions: 50 x 112

Financial Considerations

  • Tax Amount: $4,388
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: 1ST ADD KISKA BEACH MAP 13B3 LOT 19 BLK E ORB 3880 P 33
  • Property ID: 36065-009-000

Listed by Luxe Coastal Realty Group LLC

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Listing agent

— 423 Kelly St —

  • Luxe Coastal Realty Group LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 423 Kelly St

School District:Bay County School District
NameGradesDistance
West Bay Elementary School
14813 School Dr, Panama City Beach, FL 32413
K-56.3 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.3 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-129.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 423 Kelly St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/11/2026
Listed
$499,999
25%
MLS
10/04/2024
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 423 Kelly St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,348
43%
$353,631
28%
2024
$3,042
4%
$276,993
2%
2023
$2,928
45%
$271,232
64%
2021
$2,022
-11%
$165,288
-19%
2022
$2,270
12%
$204,951
29%
2021
$2,022
11%
$158,303
11%
2019
$1,824
9%
$143,223
10%
2018
$1,670
100%
$130,203
30%
2017
$834
-29%
$100,406
14%
2016
$1,174
-1%
$88,360
1%
2015
$1,191
68%
$87,227
—
2014
$708
8%
$87,595
-1%
2013
$657
—
$88,331
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Luxe Coastal Realty Group LLC

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423 Kelly Street, Panama City Beach, FL 32413 (MLS# 788212) is a Single Family property with 3 bedrooms and 2 full bathrooms. 423 Kelly Street is currently listed for $499,999 and was received on April 11, 2026. Want to learn more about 423 Kelly Street? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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