The St. Joe Company (“St. Joe”) today announced the commencement of development of 80 homesites in the Breakfast Point community in Panama City Beach, Florida.
Development of this new phase was initiated to meet the demand for new homes in the Breakfast Point community and will increase the total number of homesites from 369 to 449 upon completion.
The Breakfast Point community is centrally located in Panama City Beach in close proximity to shopping, the area’s white-sand beaches and local schools including Breakfast Point Academy which is located within the community.
Residents have access to multiple parks and miles of biking and walking trails.
As the full-time resident population of Panama City Beach has grown in recent years, the Breakfast Point community has experienced tremendous demand for new homes.
Since the start of 2019, the community has seen 100 new home sales, more than any other community in Bay County over that time.
“The Breakfast Point community continues to attract homebuyers looking for a family-friendly, short-term rental restricted neighborhood that is close to everything that makes Panama City Beach such a great place to live.
We have established relationships with homebuilders and closed on 88 homesites in the Breakfast Point community in 2019.
This new phase will enable us to meet the continued demand from these homebuilders as the community continues to grow attract new residents,” said Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe.
This 80 homesite phase is being developed to the east of Breakfast Point Boulevard off of Graze Point Drive.
Site work on the homesites began this spring. Plans call for development work to be completed later this year.
For more information, visit www.joe.com