328 Johnson Bayou Drive, Panama City Beach, FL 32407

• 4 beds |
• 3 baths |
• 2,672 sqft

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.

Listing Status:

Active

Date Added:

January 1, 2026

Data Last Updated:

May 2, 2026 at 5:18AM

Listing Office:

Beach House Sales and Development : 256-566-5482

MLS ID:

783098

Interior

• Appliances: Electric OvenGas Range
• A/C: Central AirCeiling Fan(s)ENERGY STAR Qualified Equipment
• Heating: CentralElectric

Exterior

• General: Porch
• Style: Craftsman
• Other Structures: PorchScreened
• Parking: Additional Parking

Construction

• Roofing: CompositionShingle
• General: HardiPlank TypeSlab

Location

• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: BREAKFAST POINT PHASE 2A LOT 55 ORB 4603 P 204234030-150-090

Utilities

• Utilities: Electricity AvailableUnderground Utilities
• Sewer: Public Sewer

Financial

• Source: CPAR_CPAR