Arden, NC Homes for Sale

• 

  

  

  /27

  $795,000

  • Land
  • 4.45 Acres
  • $178,652 per Acre

  54 Split Rock Trail, Arden, NC 28704

  Come home to The Cliffs at Walnut Cove, a luxury gated golf and wellness community located in Asheville, North Carolina. On the Southridge at Walnut Cove, this 4.45 acre homesite offers eastern views, which enhances the sunrises from the Blue Ridge Mountains. This parcel is conveniently located to Walnut Cove's appointees and is minutes from the gate. The homesite allows for a custom, walk-out

  Vince Roser The Cliffs

  54 Split Rock Trail, Arden, NC 28704
• 

  

  

  /33

  $985,000 New Construction

  • 6 Beds
  • 4.5 Baths
  • 4,879 Sq Ft

  27 George Allen Ridge, Arden, NC 28704

  The home at 27 George Allen Ridge is currently being expanded, with the 2,700-sqft lower level now in the process of being finished to create additional heated living area. Once complete, the space will offer substantial versatility for guests, entertainment, wellness, or income-producing possibilities. The main floor remains the heart of the home with airy ceilings, large windows, a designer

  Elena Kovrigin EXP Realty LLC

  27 George Allen Ridge, Arden, NC 28704
• 

  

  

  /36

  $25,000

  • Land
  • 1.74 Acres
  • $14,368 per Acre

  522 & 528 Blue Mist Way, Arden, NC 28704

  Discover exceptional value in this 1.74-acre homesite, priced below tax value and perfect for your custom mountain retreat. A cascading stream flows through the wooded property, creating a serene and natural setting. Located in gated Avery Park, a 300+ acre community surrounded by Pisgah National Forest, residents enjoy 22 acres of preserved common space, paved roads, a clubhouse, pool,

  John Madden Howard Hanna Beverly-Hanks Asheville-Biltmore Park

  522 & 528 Blue Mist Way, Arden, NC 28704
• 

  Price To Be Determined New Construction

  • 4 - 5 Beds
  • 3.5 Baths
  • 2,940 Sq Ft

  Madison Plan at Glen Haven, Arden, NC 28704

  Windsor Built Homes Builder

  61 Mallard Run Dr Unit 36452680, Arden, NC 28704
• 

  Price To Be Determined New Construction

  • 5 Beds
  • 3.5 Baths
  • 3,080 Sq Ft

  Kingsley Plan at Glen Haven, Arden, NC 28704

  Windsor Built Homes Builder

  61 Mallard Run Dr Unit 36469586, Arden, NC 28704
• 

  

  /32

  $480,000

  • 4 Beds
  • 4 Baths
  • 3,175 Sq Ft

  18 Wild Violet Ln, Arden, NC 28704

  Back on market through no fault of the seller. A peaceful retreat offering space, privacy, and flexibility. This 4-bedroom, 4-bath home with bonus room spans just under 3,200 sq ft on nearly an acre of wooded land. Surrounded by mature azaleas, ferns, and seasonal blooms with winter mountain views and vibrant fall color. A brand new whole-house HVAC system was installed in July 2025. One side has

  Jared McKnight Unique: A Real Estate Collective

  18 Wild Violet Ln, Arden, NC 28704
• 

  

  /34

  $3,950,000

  • 6 Beds
  • 5.5 Baths
  • 6,854 Sq Ft

  23 Dividing Ridge Trail, Arden, NC 28704

  Live Where the PGA Tour Plays — Luxury Mountain Living at 23 Dividing Ridge Be part of golf history and mountain elegance at 23 Dividing Ridge, a stunning lodge-style retreat nestled in The Cliffs at Walnut Cove — the very course selected to host the newly announced?Biltmore Championship, part of the 2026 FedExCup Fall Series. From September 17–20, 2026, the PGA Tour returns to Asheville for the

  Patrick Franzen EXP Realty LLC

  23 Dividing Ridge Trail, Arden, NC 28704
• 

  

  /11

  $300,000

  • Land
  • 4.8 Acres
  • $62,500 per Acre

  9 French Broad Overlook Unit Lot 3, Arden, NC 28704

  4.8 acres _ APPROVED FOR 4 BEDROOM SEPTIC AND NEW CONSTRUCTION. 2 more houses are allowed to be built if desired. A gently sloping house site is staked for a lower-level walk-out. Underground electric. City Water (meter location marked by Asheville Water Dept with a blue flag). The private road to the lot is well-engineered for maximum drainage and long life. A back deck would provide peaceful

  Binford Jennings Howard Hanna Beverly-Hanks Asheville-Downtown

  9 French Broad Overlook Unit Lot 3, Arden, NC 28704
• 

  

  /6

  $2,495,000 New Construction

  • 3 Beds
  • 3.5 Baths
  • 3,198 Sq Ft

  12 Dividing Ridge Trail, Arden, NC 28704

  Experience elegance and mountain serenity with this lot-home package by Buchanan Construction in The Cliffs at Walnut Cove, Asheville’s premier gated golf and wellness community. Nestled on a stunning 2.6-acre homesite at 2,200 feet, this Energy Star Certified home offers 3 bedrooms, 3.5 baths, and nearly 3,200 square feet of thoughtfully designed living space.Blending timeless style with

  Frank Nix The Cliffs

  12 Dividing Ridge Trail, Arden, NC 28704
• 

  

  /44

  $489,000 New Construction

  • 2 Beds
  • 2 Baths
  • 1,253 Sq Ft

  8 Heartleaf Cir, Arden, NC 28704

  Welcome to Laurelwood Village, a premier townhome community nestled in a highly sought-after Arden location. Buyers have the unique opportunity to collaborate with the builder to personalize their home by selecting from a curated range of builder-approved finishes and design features—allowing you to add your personal style while enjoying a streamlined building process. This particular home

  Marie Reed Keller Williams Professionals Asheville

  8 Heartleaf Cir, Arden, NC 28704
• 

  

  /48

  $1,998,000

  • 4 Beds
  • 4.5 Baths
  • 4,353 Sq Ft

  6 Golfside Ct, Arden, NC 28704

  Live where the PGA Tour plays, The Cliffs at Walnut Cove, the very course selected to host the newly announced Biltmore Championship, part of the 2026 FedExCup Fall Series. From Sept. 17–20, 2026, the PGA Tour returns to Asheville for the first time in over 80 years. This prestigious event places Walnut Cove on the national stage, making this home not just a residence, but a front-row seat to

  Marilyn Wright Premier Sotheby’s International Realty

  6 Golfside Ct, Arden, NC 28704
• 

  

  /40

  $785,000 New Construction

  • 3 Beds
  • 3.5 Baths
  • 3,038 Sq Ft

  324 Avery Trail Dr Unit 26, Arden, NC 28704

  Welcome to Victoria Hills — a brand-new gated community nestled in the heart of Arden. Peaceful, private, and just five minutes from Biltmore Park, this exceptional neighborhood offers stunning mountain views, a serene creek, and inviting community amenities including a dog park, playground, and pavilion. This modern home showcases effortless one-level living with a fully finished basement.

  Angelina Radchishin Big Hills Real Estate LLC

  324 Avery Trail Dr Unit 26, Arden, NC 28704
• 

  

  /36

  $969,000 New Construction

  • 3 Beds
  • 4 Baths
  • 3,083 Sq Ft

  178 Waightstill Dr, Arden, NC 28704

  NOW UNDER CONSTRUCTION - This Express Build 150 home (approx 150 days to close) has the foundation in place and is just waiting for you to personalize your new home to suit your own style using our on-site selection of interior finishes. Property listed long before start of construction. This Pinnacle 1 is a low-maintenance 3-level home with main-floor, open floor plan living. You'll find 3

  Sarah Frisby Berkshire Hathaway HomeServices

  178 Waightstill Dr, Arden, NC 28704
• 

  

  /25

  $285,000

  • 3 Beds
  • 1 Bath
  • 950 Sq Ft

  88 Blake Dr, Arden, NC 28704

  This charming home offers easy, single-level living. The home has a classic character, hardwood floors and ready for your personal updates and modern touches. The outbuilding has plenty of garage space and storage area and a possible office. Nestled on a quiet street with mature trees this neighborhood has it's own park near- by. It’s the perfect opportunity to create your ideal home in one of

  Justin Purnell EXP Realty LLC

  88 Blake Dr, Arden, NC 28704
• 

  

  /46

  $999,500 New Construction

  • 4 Beds
  • 3 Baths
  • 2,864 Sq Ft

  175 Waightstill Dr, Arden, NC 28704

  MOVE-IN READY – New construction in a gated mountain community near Biltmore Park! This 4-bedroom, 3-bath Craftsman-style home offers main-level living with vaulted and tray ceilings, an open floor plan, hardwood floors, and a spacious great room with gas fireplace. The kitchen includes quartz countertops, a large island, and upgraded finishes. The main level also features the owner’s suite with

  Sarah Frisby Berkshire Hathaway HomeServices

  175 Waightstill Dr, Arden, NC 28704
• 

  

  /19

  $199,000

  • Land
  • 1.97 Acres
  • $101,015 per Acre

  52 Dividing Ridge Tr, Arden, NC 28704

  Easy to build on lot in The Cliffs at Walnut Cove, one of the area's most premier luxury gated communities. Home to a Jack Nicklaus Signature Golf Course—designed by the legendary “Golden Bear,” one of golf’s greatest players and course architects—this community offers breathtaking natural beauty. As you make your way to 52 Dividing Ridge Trail, you'll pass rolling meadows, wooded hillsides, and

  Marie Reed Keller Williams Professionals Asheville

  52 Dividing Ridge Tr, Arden, NC 28704
• 

  

  /5

  $85,000

  • Land
  • 0.5 Acre
  • $170,000 per Acre

  99999 George Allen Ridge Unit 2B, Arden, NC 28704

  Lots like this don’t come up often! Here is your chance to snag a 0.50 acre lot in Avery’s Creek / Arden! Just 7 minutes to Biltmore Park / I-26. Beautiful gentle sloped lot with very few trees to cut for the homesite.10 minutes to Bent Creek. 9 minutes to AVL Airport. Close to City Water & Sewer. Come build a home and finally be nestled in South Asheville!

  Joshua Wilson Keller Williams Elite Realty

  99999 George Allen Ridge Unit 2B, Arden, NC 28704
• 

  

  /10

  $65,000

  • Land
  • 0.74 Acre
  • $87,838 per Acre

  99999 Christa Ln Unit 3, Arden, NC 28704

  Gorgeous lot in Mills River area with mountain view! Build your dream home on partially cleared Lot #3 of desirable Powder Creek Estates subdivision. This subdivision offers many upscale homes in a quiet, scenic setting with affordable HOA fees and practical covenants! Convenient to South Asheville, Airport, shopping, and only 20 minutes to downtown Hendersonville!

  Donna Humiston Century 21 Connected

  99999 Christa Ln Unit 3, Arden, NC 28704
• 

  

  /40

  $439,000

  • 3 Beds
  • 2 Baths
  • 1,428 Sq Ft

  32 Foxberry Dr, Arden, NC 28704

  Very well-maintained 3-bedroom, 2-bath home, all on one level, located in the highly sought-after Hunters Trace community in Arden. This property features beautiful, quality updates throughout, a vaulted primary suite, dining area, and living room with a natural gas fireplace. The open floor plan is perfect for comfortable living and entertaining. The covered, private back deck includes newer

  Jana Osada Keller Williams Elite Realty

  32 Foxberry Dr, Arden, NC 28704
• 

  

  /25

  $450,000

  • 3 Beds
  • 2 Baths
  • 1,852 Sq Ft

  51 Mulberry Ct, Arden, NC 28704

  Priced below recent appraisal at $505,000. Assumable mortgage at 3.375% - inquire for details. Video Available. Updated Arts and Crafts home in highly desirable South Asheville. This 3-bedroom, 2-bath home offers modern comfort with timeless character, featuring an open floor plan, hardwood floors throughout, and abundant natural light. The primary suite is on the main level with a spacious bath

  Rowena Patton EXP Realty LLC

  51 Mulberry Ct, Arden, NC 28704
• 

  

  /34

  $512,000

  • 3 Beds
  • 2 Baths
  • 2,043 Sq Ft

  7 Groton Way, Arden, NC 28704

  **SELLER OFFERING CREDIT TOWARDS CLOSING COSTS**Beautifully maintained, move-in ready home located only minutes from Asheville, Biltmore Park, and Hendersonville. This home features an open floor plan with a cozy living room, vaulted ceilings, fireplace, and formal dining area. The kitchen features a new dishwasher, microwave, and refrigerator. Retreat to the spacious primary suite featuring

  Megan Mickel Keller Williams Professionals

  7 Groton Way, Arden, NC 28704
• 

  

  /17

  $359,000

  • 3 Beds
  • 2 Baths
  • 1,950 Sq Ft

  3 Canterbury Place, Arden, NC 28704

  Builder Contractor Special. Great South Asheville / Arden Location, Turnberry Neighborhood in Royal Pines. House has been stripped down and ready for renovation. Home ready for new kitchen, new baths, new flooring and finishings . Just installed New Gas furnace and HVAC Cental AC and new fresh ductwork completed. Beautiful lot and location. and quiet cul-de-sac street. Have not verified septic

  Mike Bryant Estate Realty

  3 Canterbury Place, Arden, NC 28704
• 

  

  /37

  $695,000 Open House 1/10

  • 5 Beds
  • 3.5 Baths
  • 3,914 Sq Ft

  95 Driftstone Cir, Arden, NC 28704

  DREAM SOUTH ASHEVILLE HOME! Almost 4000 square foot, 5 bedroom 3.5 bath Arden beauty just minutes to Biltmore Park’s vibrant shops and dining, Mills River’s world-class breweries (Sierra Nevada!), Asheville Regional Airport, and outdoor recreation at the NC Arboretum, Blue Ridge Parkway, and Bent Creek! This stunning property has it all! Open concept main-level with private primary suite and

  Angela Cullen Nest Realty Asheville

  95 Driftstone Cir, Arden, NC 28704
• 

  

  /32

  $445,000

  • 3 Beds
  • 2 Baths
  • 1,788 Sq Ft

  2 Thornwood Ct, Arden, NC 28704

  Welcome to Hadley Park in Arden/Skyland, where single-level living meets ultimate convenience! This beautifully maintained 3-bedroom, 2-bath home offers 1,788 sq ft of easy-flow space designed for comfort and functionality. The exterior features timeless stone accents and tidy landscaping, setting the tone for what awaits inside. Step through the front door into a bright, inviting living area

  Ron Breese Keller Williams Great Smokies

  2 Thornwood Ct, Arden, NC 28704
• 

  

  /37

  $499,900

  • 3 Beds
  • 3 Baths
  • 2,887 Sq Ft

  319 Glenn Bridge Rd Unit 2-4, Arden, NC 28704

  Motivated Seller!! Step into your own secluded sanctuary—with a beautifully crafted back porch offers the perfect blend of comfort and luxury. Tucked away from the main road, the space is designed for ultimate privacy and relaxation. Offering hardwood floors and carpet in bedrooms, New HVAC in 2023. New floors in basement installed in May 2025. Four person Hot Tub to remain. Whether you're

  Wendy Sue Smith ENRG Global Realty LLC

  319 Glenn Bridge Rd Unit 2-4, Arden, NC 28704
• 

  

  /47

  $1,125,000

  • 3 Beds
  • 5 Baths
  • 3,535 Sq Ft

  250 Judson Ridge Rd, Arden, NC 28704

  Discover refined mountain living in this recently built luxury home offering over 3,500 sq. ft. of beautifully finished space, plus an additional 1,300+ sq. ft. of heated area ready for you to customize as you like. Perfect for a future studio, gym, media room, or even bonus rooms. Set in a peaceful mountain setting yet just minutes to Mills River, the Asheville Regional Airport, shopping,

  David Johnson Keller Williams Elite Realty

  250 Judson Ridge Rd, Arden, NC 28704
• 

  

  /7

  $989,000 New Construction

  • 5 Beds
  • 4.5 Baths
  • 4,648 Sq Ft

  23 George Allen Ridge, Arden, NC 28704

  New construction in scenic Arden, NC! Welcome to 23 George Allen Ridge—a light-filled home offering 2,392 sq ft of beautifully designed living space. Expansive windows bring in natural light and showcase tranquil views. The open floor plan features a chef’s kitchen with premium appliances, large island, and walk-in pantry—perfect for entertaining. The spacious primary suite includes a spa-like

  Tina White RE/MAX Executive

  23 George Allen Ridge, Arden, NC 28704
• 

  

  /23

  $125,000

  • 3 Beds
  • 2 Baths
  • 1,072 Sq Ft

  141 Crimson Rose Way, Arden, NC 28704

  Like new 2023 move in ready 3BR/2BA Clayton extra wide singlewide manufactured home on a leased lot in quiet 55+ community. Kitchen with lots of storage & island breakfast bar. spacious living room & split bedroom plan. Front 9x8 deck to enjoy your morning coffee, 2 car carport & 8x8 storage shed. All of the appliance are included. Primary bedroom with walk in shower walk in closet & separate

  David Alperin

  141 Crimson Rose Way, Arden, NC 28704
• 

  

  /48

  $1,750,000

  • 3 Beds
  • 3.5 Baths
  • 3,014 Sq Ft

  62 Running Creek Trail, Arden, NC 28704

  Impeccably maintained and brimming with timeless style, this Walnut Cove residence offers an extraordinary opportunity, delivering refined craftsmanship, thoughtful design, and a lifestyle of ease.At the heart of the home, the great room and kitchen merge seamlessly, creating an inviting setting for both intimate evenings and enjoyable entertaining. The main level features an open floor

  Josh Smith Walnut Cove Realty/Allen Tate/Beverly-Hanks

  62 Running Creek Trail, Arden, NC 28704
• 

  

  /26

  $425,000 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,615 Sq Ft

  205 Southern Charm Rd, Avery Creek, NC 28704

  This charming new construction home is nestled in a small culdesac community minutes away from The Arboretum, Bent Creek & Biltmore Park amenities. The front facade, with it's welcoming front porch and Craftsman details, sets the tone for the warm & cozy interior that awaits. The light & bright open floorplan includes a spacious great room with 9' coffered ceilings and large windows. A sunny

  Drea Jackson Native Asheville

  205 Southern Charm Rd, Avery Creek, NC 28704
• 

  

  /15

  $65,000

  • Land
  • 0.77 Acre
  • $84,416 per Acre

  1306 Double Knob Dr, Arden, NC 28704

  Ready to build with beautiful winter views from this nearly mountain top lot in Avery Park. Recently surveyed with 4 bedroom septic permit and well consisting pump and wiring. Best building site is NOT in the Steep Slope District and will save on your building costs. Long Range Views with prudent tree clearing will keep this heavily wooded lot private and secluded, but still be very convenient

  Justin Schmidt Cool Mountain Realty

  1306 Double Knob Dr, Arden, NC 28704
• 

  

  /47

  $784,900

  • 3 Beds
  • 2 Baths
  • 2,162 Sq Ft

  458 Bluemist Way, Arden, NC 28704

  Nestled in the heart of the Pisgah National Forest and surrounded by breathtaking mountain views, this single-level 3-bedroom, 2-bath home offers the perfect balance of seclusion and convenience just minutes from Asheville’s vibrant dining, arts, and entertainment scene. Located within a private gated community, residents enjoy exclusive access to resort-style amenities including a pool, sports

  Marie Reed Keller Williams Professionals Asheville

  458 Bluemist Way, Arden, NC 28704
• 

  

  /9

  $49,000

  • Land
  • 1.72 Acres
  • $28,488 per Acre

  567 Blue Mist Way, Arden, NC 28704

  AWAY FROM IT ALL WOODED PRIVACY IN AN ACTIVE GATED COMMUNITY, BUT ONLY MINUTES FROM THE FINEST OF ASHEVILLE SHOPPING, OUTDOOR ACTIVITIES, AIRPORT, INTERSTATES, AND LIVELY, HISTORIC, ECLECTIC DOWNTOWN ASHEVILLE. YOUR OWN PRIVATE POND, TENNIS COURT, SWIMMING POOL, AND CLUBHOUSE. VIEWS OF THE BLUE RIDGE MOUNTAINS SUMMER GREENERY AND BLAZING FALL COLOR.

  Bill Griffin Howard Hanna Beverly-Hanks Asheville-Biltmore Park

  567 Blue Mist Way, Arden, NC 28704
• 

  

  /29

  $335,000

  • 3 Beds
  • 2.5 Baths
  • 1,375 Sq Ft

  8 Virginia Commons Dr Unit 6, Arden, NC 28704

  Welcome home to this beautifully maintained 2023 townhome in the heart of Arden. This bright and inviting 3-bed, 2.5-bath residence offers 1,375 sq ft of thoughtful design, modern finishes, and easy living. The open-concept main level features a comfortable living area, a stylish kitchen with quality cabinetry, and a dining space that flows seamlessly for everyday living or entertaining.

  Orion Harari Coldwell Banker Advantage

  8 Virginia Commons Dr Unit 6, Arden, NC 28704
• 

  

  /25

  $74,000

  • Land
  • 1.91 Acres
  • $38,743 per Acre

  345 Christa Ln, Arden, NC 28704

  345 Christa Lane – Powder Creek Estates, now listed over $12,000 below tax value!Located in the northwestern corner of Henderson County, 345 Christa Lane is nestled in the desirable Powder Creek Estates community. This location offers outstanding convenience—just 9 minutes to Ingles and the new Publix, 10 minutes to Asheville Regional Airport, 15 minutes to Biltmore Park, and only 20

  Dallas Ducote RE/MAX Results

  345 Christa Ln, Arden, NC 28704
• 

  

  /41

  $434,900

  • 3 Beds
  • 3 Baths
  • 1,852 Sq Ft

  21 Laurel Park Dr, Arden, NC 28704

  *PRICE REDUCED AND MOVE-IN-READY* Come now to see this pristine 3 Bedroom 3 bath home with a full walk-out basement ON .68 ACRES. Multiple new features including a brand new 2025 architectural shingled roof, a new furnace & air handler in 2023, new covered front porch, new hardwood floors, fresh paint inside and out, new gutters, plus a ONE-YEAR HOME WARRANTY. Enjoy the spacious living room and

  Richard Smith Howard Hanna Beverly-Hanks Asheville-Downtown

  21 Laurel Park Dr, Arden, NC 28704
• 

  

  /18

  $75,000

  • Land
  • 1.66 Acres
  • $45,181 per Acre

  1316 Double Knob Dr, Arden, NC 28704

  Listed below tax value! This plot of land spans across 1.66 acres and is suitable for a fabulous custom home with extraordinary view potential. Septic and well permits available. Private well is installed, and the community well may be a second optional water source. Previous septic permit approved for 3 bedrooms. Situated in the gated Avery Park community, you'll love the community amenities,

  Matt Tavener Keller Williams Professionals

  1316 Double Knob Dr, Arden, NC 28704
• 

  

  /13

  $225,000

  • Land
  • 1.5 Acres
  • $150,000 per Acre

  99999 Brevard Rd, Arden, NC 28704

  Incredible Development Opportunity! This 1.5-acre parcel of unimproved land offers unbeatable potential in a prime location along Highway 191—just 10 miles from downtown Asheville. Elevated from Brevard Road, this property offers easy access to Hendersonville, Brevard, major interstates, and the scenic Blue Ridge Parkway. Whether you're envisioning residential, commercial, or mixed-use

  Nick Iannucci Howard Hanna Beverly-Hanks Fletcher

  99999 Brevard Rd, Arden, NC 28704
• 

  

  /12

  $49,800

  • Land
  • 0.87 Acre
  • $57,241 per Acre

  195 Smokemont Dr Unit 64, Arden, NC 28704

  BRING ALL OFFERS! MOTIVATED SELLER! Beautiful building lot nestled in the gated mountain community of Avery Park surrounded by Pisgah National Forest and convenient to the Asheville Airport, Bent Creek Recreation Area, South Asheville shopping & amenities, and less than 25 minutes to downtown Asheville. This sloping lot faces West for spectacular sunsets and unobstructed mountain views of the

  Drea Jackson Native Asheville

  195 Smokemont Dr Unit 64, Arden, NC 28704
• 

  

  /24

  $225,000

  • Land
  • 1.67 Acres
  • $134,731 per Acre

  25 Autumn Shade Ct Unit 75, Arden, NC 28704

  If you seek the unrivaled combination of privacy, security, and convenience that The Cliffs at Walnut Cove provides but are not interested in a membership in the club, then this homesite is calling you! This lot has an elevated build pad and long-range views towards downtown Asheville. Easily accessible to the back security gate on Misty Valley Parkway off Brevard Road – Hwy 191, you are

  Kyle Olinger Walnut Cove Realty/Allen Tate/Beverly-Hanks

  25 Autumn Shade Ct Unit 75, Arden, NC 28704

Showing Results 121 - 160, Page 4 of 5