$634,000
Panama City Beach, FL 32407
MLS# 783098
4 beds | 3 baths | 2672 sqft
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Property Description
VA BUYERS -- ASSUMABLE 3.75% INTEREST RATE OPPORTUNITY. Welcome to 328 Johnson Bayou Drive in the highly desirable Breakfast Point community of Panama City Beach. This spacious 4-bedroom, 3-bath home with a dedicated office and separate dining area offers over 2,670 square feet of thoughtfully designed living space just minutes from the beach, Pier Park, and top-rated schools. One of the most valuable features of this home is the rare opportunity for qualified buyers to assume the existing VA mortgage at approximately 3.75%, potentially saving hundreds to over a thousand dollars per month compared to current interest rates. Inside, the home features an open-concept layout designed for both everyday living and entertaining. The kitchen flows seamlessly into the main living area and includes generous counter space, abundant cabinetry, and a large island perfect for gathering with family and friends. The flexible floor plan includes a dedicated office or flex room with French doors, ideal for working from home, a playroom, or additional guest space. A separate dining room provides a more formal setting for holidays and entertaining. The spacious primary suite offers a relaxing retreat with a large walk-in closet and an oversized shower. Three additional bedrooms and two full bathrooms provide comfortable space for family or guests. Located in the sought-after Breakfast Point neighborhood, residents enjoy sidewalks, parks, and easy access to Breakfast Point Academy. The location places you just minutes from the white sand beaches of the Gulf of Mexico, Pier Park shopping and dining, and convenient access to Panama City and the Navy base. Whether you're looking for a full-time residence, second home, or investment opportunity, this property offers the space, location, and financing advantage that are hard to find in today's market.
Details
Maps
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 366
HOA Frequency: Quarterly
HOA Annual Amount: 1464
New Buyer Fee: Yes
New Buyer Fee Amt: 0.5
New Buyer Fee Paid: %
Last Taxes: 6435
Last Tax Year: 2024
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 237.28
Status: Active
List Date: 2026-01-01
List Price: $634,000
Current Price: $634,000
Location
Sub Area: 0321 - Beach - North Central
Community/Resort: None
Waterfront: No
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Panama City Beach Parkway (Back Beach Road) headed West from the Hathaway Bridge take a right onto Richard Jackson Blvd @ the Publix Shopping Center. Panama City Beach Parkway (Back Beach Road) headed East past SR 79, Pier Park & Alf Coleman. Take a left onto Richard Jackson Blvd. Breakfast Point is located at the end of Richard Jackson Blvd just past Breakfast Point Academy.
Area: 03 - Bay County - Beach
Street #: 328
Street Name: Johnson Bayou
Street Suffix: Drive
State: FL
Zip Code: 32407
County: Bay
Subdivision: Breakfast Point
Parcel ID: 34030-150-090
Legal Description: BREAKFAST POINT PHASE 2A LOT 55 ORB 4603 P 2042
General Property Info
Acreage: 0.17
Design: Craftsman Style
Lot Size (SqFt): 7492
Apx SqFt(Htd/Cooled): 2672
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 60x125
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Pool: No
Sub-Type: Detached Single Family
Bedrooms: 4
Full Baths: 3
Total Baths: 3
Year Built: 2014
Remarks & Misc
Remarks: VA BUYERS -- ASSUMABLE 3.75% INTEREST RATE OPPORTUNITY.
Welcome to 328 Johnson Bayou Drive in the highly desirable Breakfast Point community of Panama City Beach. This spacious 4-bedroom, 3-bath home with a dedicated office and separate dining area offers over 2,670 square feet of thoughtfully designed living space just minutes from the beach, Pier Park, and top-rated schools.
One of the most valuable features of this home is the rare opportunity for qualified buyers to assume the existing VA mortgage at approximately 3.75%, potentially saving hundreds to over a thousand dollars per month compared to current interest rates.
Inside, the home features an open-concept layout designed for both everyday living and entertaining. The kitchen flows seamlessly into the main living area and includes generous counter space, abundant cabinetry, and a large island perfect for gathering with family and friends.
The flexible floor plan includes a dedicated office or flex room with French doors, ideal for working from home, a playroom, or additional guest space. A separate dining room provides a more formal setting for holidays and entertaining.
The spacious primary suite offers a relaxing retreat with a large walk-in closet and an oversized shower. Three additional bedrooms and two full bathrooms provide comfortable space for family or guests.
Located in the sought-after Breakfast Point neighborhood, residents enjoy sidewalks, parks, and easy access to Breakfast Point Academy. The location places you just minutes from the white sand beaches of the Gulf of Mexico, Pier Park shopping and dining, and convenient access to Panama City and the Navy base.
Whether you're looking for a full-time residence, second home, or investment opportunity, this property offers the space, location, and financing advantage that are hard to find in today's market.
Bonus Room
First: 1
Appliances
Dishwasher: 1
Disposal: 1
Microwave: 1
Oven - Electric: 1
Range - Gas: 1
Interior Features
Ceiling - Raised: 1
Floor - Tile: 1
Kitchen Island: 1
Split Bedroom: 1
Construction/Siding
Foundation - Slab on Grade: 1
Roof - Composite Shngl: 1
Siding - Hardie Board: 1
Exterior
Porch Screened: 1
Association Fees Include
Ground Keeping: 1
Master Association: 1
Playground: 1
Financing
Assume w/int: 1
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Furnished
Unfurnished: 1
Interior
Bonus Room: 1
Lot Features
Sidewalk: 1
Lot Access
Paved Road: 1
Parking Features
Additional Parking: 1
Driveway: 1
Garage Attached: 1
Street: 1
Mstr Bath / Mstr Bdrm
MBath Double Vanity: 1
MBath Shower Only: 1
MBath Walk-In Closet: 1
MBed First Floor: 1
Present Zoning
Resid Single Family: 1
Association Amenities
Playground: 1
Sidewalks: 1
Rooms
Bedroom: 1
Bonus Room: 1
Master Bedroom: 1
Utilities
Cable - Available: 1
Electricity - Connected: 1
Natural Gas - Connected: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Underground Utilities: 1
Master Bedroom
First: 1
Bedroom
First: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
ENERGY STAR Qualified Equipment: 1
Heating
Central: 1
Electric: 1
Property Features
Appliances: Dishwasher; Disposal; Microwave; Oven - Electric; Range - Gas
Master Bedroom: First
Bedroom: First
Cooling: Ceiling Fan(s); Central Air; Electric; ENERGY STAR Qualified Equipment
Heating: Central; Electric
Exterior: Porch Screened
Association Fees Include: Ground Keeping; Master Association; Playground
Financing: Assume w/int; Cash; Conventional; FHA; VA
Furnished: Unfurnished
Interior: Bonus Room
Lot Features: Sidewalk
Lot Access: Paved Road
Bonus Room: First
Parking Features: Additional Parking; Driveway; Garage Attached; Street
Association Amenities: Playground; Sidewalks
Rooms: Bedroom; Bonus Room; Master Bedroom
Utilities: Cable - Available; Electricity - Connected; Natural Gas - Connected; Public Sewer - Connected; Public Water - Connected; Underground Utilities
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width |
| Master Bedroom | First | 16 x 15 | 16.00 | 15.00 |
| Bedroom | First | 13 x 10 | 13.00 | 10.00 |
| Bedroom | First | 11 x 11 | 11.00 | 11.00 |
| Bedroom | First | 13 x 11 | 13.00 | 11.00 |
| Bonus Room | First | 12 x 12 | 12.00 | 12.00 |
Listing Office: Beach House Sales and Development
Last Updated: May - 04 - 2026
Information deemed reliable but not guaranteed.