Luxury Homes for Sale in Asheville, NC

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  $649,000 New Construction

  • 3 Beds
  • 3 Baths
  • 2,126 Sq Ft

  48 Creekside View Dr, Asheville, NC 28804

  The Brentwood 2 features an open floor plan with a perfect kitchen for entertaining. Bright & spacious one-level living. Split bedroom main level with two masters with bathrooms and walk-in closets. Arts & Crafts style with partially covered front porch, sun room, custom features, granite, hardwood floors, gas fireplace. Enjoy meeting your friends in the Clubhouse with heated pool, fitness

  Lifestyle Homes of Distinction Builder

  48 Creekside View Dr, Asheville, NC 28804
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  /45

  $645,000

  • 4 Beds
  • 3.5 Baths
  • 2,752 Sq Ft

  8 Indian Ridge Rd, Asheville, NC 28803

  Tucked into a private 1.26-acre wooded setting, this special Cape Cod-style home welcomes you with a classic wrap-around covered porch made for rocking chairs, morning coffee, and crisp mountain evenings. Inside, warm character meets everyday function with a brick hearth and wood stove in the living room, an updated kitchen with granite counters, farmhouse sink, and breakfast bar, plus a dining

  Ralph Harvey Listwithfreedom.com Inc

  

  8 Indian Ridge Rd, Asheville, NC 28803
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  /5

  $640,000 New Construction

  • 4 Beds
  • 2.5 Baths
  • 1,744 Sq Ft

  35 Loblolly Ln, Asheville, NC 28803

  Brand New and Move-in Ready! Woodcrest at Biltmore Terrace features newly constructed single-family homes in this walkable south Asheville neighborhood! No City Taxes to pay and short-term rentals are allowed. Conveniently located close to Biltmore Village and Downtown Asheville. The open floorplan features white oak hardwood flooring on the main level, stainless steel Samsung appliances, granite

  Carol Bourke Keller Williams Professionals

  

  35 Loblolly Ln, Asheville, NC 28803
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  /2

  $639,000

  • Land
  • 1.16 Acres
  • $550,862 per Acre

  347 Belle Isle Way Unit 279, Asheville, NC 28803

  Estate sized home site in one of the newest and most private sections of the Ramble Biltmore Forest, a gated community on pristine property that was formerly part of the Biltmore Estate®, this homesite is conveniently located in the middle portion- making it a short distance to the Living Well Center. The Ramble offers homesites in a community that focuses on high levels of architectural detail

  Mark Taylor Howard Hanna Beverly-Hanks The Ramble at Biltmore Forest

  

  347 Belle Isle Way Unit 279, Asheville, NC 28803
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  /2

  $635,000

  • Land
  • 1.3 Acres
  • $488,462 per Acre

  273 Ramble Way Unit 345, Asheville, NC 28803

  In the newest section of the Ramble Biltmore Forest, a gated community on pristine property that was formerly part of the Biltmore Estate®, this estate sized homesite is conveniently located in the middle portion - making it a short distance to the Living Well Center. It is privately situated next to open space and has easy access to the trail system. The Ramble offers homesites in a community

  Mark Taylor Howard Hanna Beverly-Hanks The Ramble at Biltmore Forest

  

  273 Ramble Way Unit 345, Asheville, NC 28803
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  $630,000

  • 3 Beds
  • 2.5 Baths
  • 2,006 Sq Ft

  7 Oakhaven Terrace, Asheville, NC 28803

  Classic craftsman home in the coveted Eastwood Village neighborhood! Conveniently located less than ten minutes from downtown Asheville and only 2 miles from the Blue Ridge Parkway, 7 Oakhaven Terrace features year-round mountain views, multiple outdoor living spaces, and a low maintenance lot with mature landscaping. The covered front porch welcomes you into an open floor plan flooded with

  Jason Morgan Morgan + Marley Real Estate Advisors

  

  7 Oakhaven Terrace, Asheville, NC 28803
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  $629,000

  • 3 Beds
  • 2.5 Baths
  • 1,567 Sq Ft

  39 Spooks Branch Extension, Asheville, NC 28804

  Turn-key perfection with beautiful mountain views—this North Asheville gem feels like a private treehouse retreat, yet it's just minutes from it all. Located in one of the area’s most coveted neighborhoods, it blends comfort, style, and convenience in a peaceful, wooded setting near Beaver Lake, Asheville Country Club, Downtown, and the Blue Ridge Parkway. The open floor plan centers around a

  Marie Reed Keller Williams Professionals

  

  39 Spooks Branch Extension, Asheville, NC 28804
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  /30

  $629,000

  • 3 Beds
  • 2.5 Baths
  • 2,942 Sq Ft

  10 S Oak Forest Dr, Asheville, NC 28803

  Welcome to Oak Forest — one of South Asheville’s most established and genuinely neighborly communities. Tucked along a quiet street, this home opens with an inviting front porch that feels exactly right for morning coffee, evening conversations, and the occasional slow-down moment. Inside, everything feels fresh — newly painted throughout and anchored by a fully remodeled kitchen designed for the

  Franklin Smith Asheville Crafted Real Estate, LLC

  

  10 S Oak Forest Dr, Asheville, NC 28803
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  /36

  $629,000

  • 4 Beds
  • 3 Baths
  • 2,129 Sq Ft

  15 Beaverdam Ct, Asheville, NC 28804

  Cozy Beaverdam home located in North Asheville For Those Who Enjoy Spending Time Outdoors Any Time of the Year! Exterior Highlights to Mention - Separate Studio/Workshop or Yoga area with Garage Door to Let in the Fresh Air, Expansive Back Deck Overlooking Great Backyard with Mature Trees, Awesome Garden Area Waiting for Your Green Thumb, Level Spacious Backyard, Hummingbird and Pollinator

  Valerie Thorne Coldwell Banker Advantage

  

  15 Beaverdam Ct, Asheville, NC 28804
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  $625,000

  • 4 Beds
  • 2 Baths
  • 1,818 Sq Ft

  3 Manila St, Asheville, NC 28806

  Close enough to the heart of West Asheville to be convenient yet tucked away in a quiet, engaged community, this charming, and very sturdy, 1925 bungalow blends historic character with thoughtful updates and a serene natural setting. Originally a single-story home, it was expanded in the 1950s to include a third bedroom on a split level and a finished lower-level family or studio space, offering

  Robin Cape EXP Realty LLC

  

  3 Manila St, Asheville, NC 28806
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  /38

  $625,000

  • 3 Beds
  • 3.5 Baths
  • 3,034 Sq Ft

  8 Fiver Ln, Asheville, NC 28803

  Privately set on a wooded acre in the sought-after Pinner’s Cove area, this 3-bedroom, 3.5-bath home offers a refined blend of comfort, space, and convenience just minutes from Asheville’s best shopping, dining, and everyday amenities. Designed for easy living, the light-filled main level features a spacious primary suite with a walk in closet, private enusite bath, and sleek stackable washer and

  Richard Lindau Unique: A Real Estate Collective

  

  8 Fiver Ln, Asheville, NC 28803
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  /41

  $625,000

  • 3 Beds
  • 3.5 Baths
  • 1,741 Sq Ft

  1061 Riverside Dr, Asheville, NC 28804

  Excellent Investment Opportunity!!! Successful and Fully Permitted Vacation Rental, just 5 minutes to Downtown Asheville. Located on Riverside Drive, directly across from Silver Line Park. In an excellent location for river access, just upstream from the soon to be Iconic Taylors Wave River Park. This home offers breathtaking views of the French Broad River. Boasting an open-concept design,

  David King EXP Realty LLC

  

  1061 Riverside Dr, Asheville, NC 28804
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  /21

  $625,000

  • 3 Beds
  • 2 Baths
  • 2,079 Sq Ft

  30 S Oak Forest Dr, Asheville, NC 28803

  Welcome to your dream home in Oak Forest! This property boasts 3BR/2BA, showcasing numerous upgrades that set it apart. With a brand-new roof installed in 2025, a remodeled main bathroom, updated electrical systems, a newly paved driveway, and storage building, this home is truly exceptional. The landscaping creates an inviting atmosphere, and the impressive treehouse in the backyard is the

  Erin James H James Real Estate LLC

  

  30 S Oak Forest Dr, Asheville, NC 28803
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  /46

  $624,000

  • 4 Beds
  • 3 Baths
  • 1,811 Sq Ft

  17 & 19 Hubbard Ave, Asheville, NC 28806

  Great investment opportunity in a wonderful West Asheville location, right around the corner from Sunny Point Café and the vibrant Haywood Road corridor. This unique property consists of three units in two standalone homes on a 0.29-acre lot. All units have excellent rental history. 17 Hubbard is a duplex with a 979 SF, 2BD/1BA apartment upstairs and a 420 SF, 1BD/1BA apartment downstairs. 19

  Chris Findley Mosaic Community Lifestyle Realty

  

  17 & 19 Hubbard Ave, Asheville, NC 28806
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  $620,000

  • 4 Beds
  • 3 Baths
  • 2,099 Sq Ft

  23 Springwood Dr, Asheville, NC 28805

  This home is the perfect blend of comfort, space, & natural beauty tucked away in a peaceful, sought after neighborhood. With its expansive living spaces & spacious outdoor space, this home is designed for relaxation & entertainment alike. Interior Features:-Spacious & Functional Layout-Designed to offer privacy & flexibility, perfect for families, guests, or a home office-4 bedrooms plus

  Erik Tillman Roots Property Advisors dba Redtree Property Advisors

  

  23 Springwood Dr, Asheville, NC 28805
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  /48

  $614,999

  • 3 Beds
  • 2 Baths
  • 1,495 Sq Ft

  25 Mezzo Cove, Asheville, NC 28804

  Classic charm meets country living on this beautiful nearly 2.5-acre property just minutes from Asheville. The timeless brick ranch offers easy one-level living with thoughtful updates throughout. Inside, you’ll find hardwood floors, a bright kitchen with real wood cabinets, a peninsula with bar seating, granite countertops, and new appliances. The large cozy living room is anchored by a gas

  Rachel Alosky Stark Patton Allen Real Estate LLC

  

  25 Mezzo Cove, Asheville, NC 28804
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  /48

  $610,000 Coming Soon

  • 3 Beds
  • 2 Baths
  • 1,626 Sq Ft

  251 Flint St, Asheville, NC 28801

  Tucked into the heart of Asheville’s beloved Montford neighborhood, this inviting home blends historic charm with everyday livability—just moments from downtown’s restaurants, shops, and vibrant culture. Whether you’re looking for a primary residence, a vacation home, or a smart investment opportunity, this property offers a rare combination of location, character, and potential. Inside, you’ll

  Monica Basehore Coldwell Banker Advantage

  

  251 Flint St, Asheville, NC 28801
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  /48

  $607,500

  • 4 Beds
  • 3.5 Baths
  • 2,319 Sq Ft

  28 Grove Garden Ave, Candler, NC 28715

  Nestled on a quiet cul-de-sac just minutes from Asheville, this 4BR/3.5BA, 1.5-story Cape Cod offers over 2,400 sq ft of versatile living space. The main-level primary suite features a spa-inspired bath with jetted tub, while the open-concept living area boasts a cozy gas fireplace and a bright kitchen with an eat-in bar and bay window. Recently refreshed, the home has been fully repainted

  Tyler Coon EXP Realty LLC

  

  28 Grove Garden Ave, Candler, NC 28715
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  /48

  $604,500

  • 4 Beds
  • 4 Baths
  • 1,604 Sq Ft

  75 Cisco Rd, Asheville, NC 28805

  Welcome to 75 Cisco Rd, a home that embraces the heart & spirit of Asheville living. Sitting on nearly a half acre, there is a guest home on site, making it a perfect opportunity for multigenerational living, investment income, or the dream of communal living. The primary home is a one-level ranch w/ several living areas that are both functional & flexible. Sun pours through the windows. Evenings

  Alexandra Schrank RE/MAX Executive

  

  75 Cisco Rd, Asheville, NC 28805
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  /35

  $600,000

  • 2 Beds
  • 2 Baths
  • 1,090 Sq Ft

  63 Elizabeth Place, Asheville, NC 28801

  Experience the perfect fusion of historic soul and modern luxury in this thoughtfully reimagined cottage. Located in the heart of Asheville’s iconic Montford District, this residence offers a sophisticated, low-maintenance lifestyle with a seamless one-level floor plan designed for effortless living.Every inch of this home has been curated for the contemporary buyer—blending high-end modern

  Sue Francisco Carolina Mountain Sales

  

  63 Elizabeth Place, Asheville, NC 28801
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  $600,000

  • Land
  • 3.72 Acres
  • $161,290 per Acre

  99999 New Haw Creek Rd, Asheville, NC 28805

  Two separate parcels totaling 3.72 acres in beautiful East Asheville offer exceptional potential for development or the creation of a private estate. This level property features city water and sewer access, along with approximately 800 feet of road frontage—400 feet along New Haw Creek Road and 400 feet along Keenan Drive. Zoned RS-4, this versatile offering presents a rare opportunity in a

  Cami Silver Patton Allen Real Estate LLC

  

  99999 New Haw Creek Rd, Asheville, NC 28805
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  /3

  $600,000

  • Land
  • 5.48 Acres
  • $109,489 per Acre

  35 Smith Ridge Dr, Asheville, NC 28803

  Rare opportunity to own acreage with flexibility and convenience in South Asheville! Home sits on5.48 acres, of hard-to-find combination of usable land, strategic location, and future potential.Enjoy close proximity to grocery stores, medical facilities, Sweeten Creek Road, US-25/Hendersonville Road, and the Blue Ridge Parkway— for those seeking both accessibility andprivacy. Two

  Wyatt Listrom Howard Hanna Beverly-Hanks Fletcher

  

  35 Smith Ridge Dr, Asheville, NC 28803
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  /23

  $600,000

  • Land
  • 11.97 Acres
  • $50,125 per Acre

  99999 Eastmoor Dr, Asheville, NC 28805

  Incredible Investor Opportunity – Approx. 12 Acres in East Asheville!Don't miss your chance to own nearly 12 acres just minutes from downtown Asheville. This unique offering includes three side-by-side lots—two within an established HOA community (Lot 77: 0.77 acres & Lot 78: 0.49 acres), and a 10.71-acre lot, providing added flexibility and privacy. Whether you're looking to build your dream

  Janeth Ibarra Howard Hanna Beverly-Hanks Asheville-Biltmore Park

  

  99999 Eastmoor Dr, Asheville, NC 28805
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  /46

  $600,000

  • 3 Beds
  • 2 Baths
  • 1,966 Sq Ft

  19 Frontier Ct, Asheville, NC 28805

  Dreaming of a "Cabin in the Woods" vibe with the convenience of city living just minutes away? Welcome to 19 Frontier Court! This charming property offers 3 bedrooms, 2 bathrooms, and 3 indoor communal living spaces! The lower level is a fully-equipped 2nd living quarters with its own kitchen, living room and laundry—perfect for guests or additional space. Enjoy seamless indoor-outdoor living

  Galen Walter LPT Realty, LLC

  

  19 Frontier Ct, Asheville, NC 28805
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  $599,950

  • 6 Beds
  • 3 Baths
  • 2,363 Sq Ft

  483 Caribou Rd, Asheville, NC 28803

  This property operated as an adult assisted living home (6 beds & 1 staff) until December 2025. It could also be a prospect for a Day Care, Family Care, pre-school, transitional housing or residential use. Only recently vacated, the building is well maintained, in clean condition and sits on a nice, large .51 acre lot. 6 bedrooms, 3 full baths, laundry room, large dining and livings rooms.The

  Scott Raines, CCIM Dewey Property Advisors

  

  483 Caribou Rd, Asheville, NC 28803
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  /22

  $599,900 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,740 Sq Ft

  89 Glendale Ave, Asheville, NC 28803

  Modern Craftsman with tons of style! Discover a seamless flow between the living room, dining area and kitchen on the main level. Entertaining is made easy with the help of a large breakfast bar. Sliding doors lead you to the expansive back deck and let in lots of natural light. The gas fireplace ensures you can stay cozy all winter long. The upper level provides the primary suite featuring a

  

  Kevin Kerr

  Obsidian Real Estate LLC

  (828) 799-7960

  

  89 Glendale Ave, Asheville, NC 28803
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  /18

  $599,900 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,883 Sq Ft

  87 Glendale Ave, Asheville, NC 28803

  Modern Craftsman with tons of style! Discover a seamless flow between the living room, dining area and kitchen on the main level. Entertaining is made easy with the help of a large quartz waterfall island to gather. Sliding doors lead you to the expansive back deck and let in lots of natural light. The gas fireplace ensures you can stay cozy all winter long. The staircase steals the show with a

  

  Kevin Kerr

  Obsidian Real Estate LLC

  (828) 977-6359

  

  87 Glendale Ave, Asheville, NC 28803
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  /30

  $599,000

  • 2 Beds
  • 2 Baths
  • 1,303 Sq Ft

  102 Clingman Ave, Asheville, NC 28801

  Luxury Downtown Living – A Completely Reimagined Asheville Bungalow. Just steps from the heart of downtown Asheville, this classic Clingman bungalow has been rebuilt from the foundation up and transformed into a sophisticated modern retreat. Every element—foundation, roof, plumbing, electrical, HVAC, drywall, decks, and appliances—is brand new, blending timeless character with today’s comforts. A

  Luiz Leonetti Town and Mountain Realty

  

  102 Clingman Ave, Asheville, NC 28801
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  /31

  $599,000

  • 3 Beds
  • 2 Baths
  • 2,068 Sq Ft

  15 Lackey Ln, Asheville, NC 28804

  Discover this charming all-brick 3-bedroom, 2-bath ranch, perfectly situated on a spacious lot with endless possibilities. Designed for those who crave room to create, this home is ideal for car enthusiasts, hobbyists, or anyone needing extra workspace. Inside, you’ll find a practical and welcoming layout that’s perfect for everyday living or hosting friends and family. The full unfinished

  Scott McKenzie Carolina Mountain Sales

  

  15 Lackey Ln, Asheville, NC 28804
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  /35

  $599,000

  • 1 Bed
  • 1 Bath
  • 633 Sq Ft

  12 S Lexington Ave Unit 402, Asheville, NC 28801

  Experience contemporary urban living in this stylish one-bedroom, one-bath condominium offering 633 square feet in the iconic 12 S Lexington Avenue building, in the heart of downtown Asheville. Completed in 2006, this modern five-story building blends sleek design with the vibrant energy of city life, placing you near Asheville’s renowned restaurants, boutiques, galleries and cultural

  

  D'Ann Ford

  Premier Sotheby’s International Realty

  (828) 760-8466

  

  12 S Lexington Ave Unit 402, Asheville, NC 28801
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  /39

  $599,000

  • 3 Beds
  • 3 Baths
  • 1,853 Sq Ft

  50 Springwood Dr, Asheville, NC 28805

  Welcome home to the peaceful and convenient neighborhood of Botany Woods. Located just outside the city limits, there are no city taxes, no restrictions on short-term rentals, no HOA, and year-round mountain views! Enjoy these incredible views with your morning coffee and evening cocktail from the large front deck. Eat dinner al fresco on the newly installed pea-gravel (bare-feet-friendly) patio

  Tracy Brown Fathom Realty

  

  50 Springwood Dr, Asheville, NC 28805
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  $599,000

  • 3 Beds
  • 2 Baths
  • 2,155 Sq Ft

  115 Oakland Rd, Asheville, NC 28801

  Grey stone and timeless cottage charm welcome you home. A graceful arched portico frames the entrance, opening to a warm and inviting one level where classic craftsmanship meets practical living. The professionally landscaped yard features native plants and mature trees, creating a setting with shade and privacy. Inside, you’ll find three bedrooms and two full bathrooms, plus two extra rooms for

  

  Toni Ewing

  Asheville Crafted Real Estate, LLC

  (828) 888-9013

  

  115 Oakland Rd, Asheville, NC 28801
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  /25

  $599,000

  • 4 Beds
  • 3 Baths
  • 2,634 Sq Ft

  184 Aurora Dr, Asheville, NC 28805

  Bring your Best Offer! Updated and charming mid-century ranch home offers a spacious three bedroom, 2 bathroom main level and a separate unit on the lower level. Located in Kenilworth, one of Asheville's most coveted neighborhoods! Walkable to shops, dining and amenities on Tunnel Road/East Asheville and less than five minutes to Downtown Asheville, South Slope and Biltmore Village. Impeccably

  Ann Roth Nest Realty Asheville

  

  184 Aurora Dr, Asheville, NC 28805
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  /2

  $599,000

  • Land
  • 0.52 Acre
  • $1,151,923 per Acre

  2412 Hendersonville Rd, Asheville, NC 28704

  Excellent re-development site in South Asheville. High growth area of Hendersonville Rd, Airport Rd and Sweeten Creek Rd. Approximately 0.60 +/- level site adjacent to Movement Bank. Great location for an oil change business, drive-thru deli, small retail center, fast food, coffee drive-thru, etc... Corner of Buck Shoals with shared traffic light. Zoned HB in the City of Asheville with natural

  James Wilson Pulliam Properties, Inc

  

  2412 Hendersonville Rd, Asheville, NC 28704
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  /35

  $599,000 New Construction

  • 3 Beds
  • 1.5 Baths
  • 1,570 Sq Ft

  7 Haith Dr, Asheville, NC 28801

  2025 WNC Parade of Homes Winner for Green Innovation and Silver Craftmanship, this GreenBuilt, Net-Zero-Ready, new-construction home is a contemporary residence blending modern design with Scandinavian influences, set on a large lot minutes from downtown Asheville, the South Slope, and the River Arts District; just a half-mile from AB Tech and Mission Healthcare. Inside, a light-filled,

  

  Trip Howell

  Mosaic Community Lifestyle Realty

  (828) 355-4632

  

  7 Haith Dr, Asheville, NC 28801
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  $595,000

  • 3 Beds
  • 2 Baths
  • 2,039 Sq Ft

  44 Pacifico Dr, Asheville, NC 28806

  BEING SOLD AT APPRAISED VALUE! Welcome to 44 Pacifico Dr where you discover the perfect blend of style, simplicity, and convenience in this meticulously maintained 3-bedroom, 2-bathroom single-level home. Designed for effortless living, the open floor plan is flooded with natural light, creating a warm and welcoming atmosphere from the moment you step inside. Bonito Oscaso is a Mediterranean

  Matthew Rice Howard Hanna Beverly-Hanks Asheville-Biltmore Park

  

  44 Pacifico Dr, Asheville, NC 28806
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  /9

  $595,000

  • Land
  • 2.28 Acres
  • $260,965 per Acre

  180 Rock Hill Rd, Asheville, NC 28803

  This ±2.287-acre residential development opportunity is located just off Sweeten Creek Road in South Asheville, offering a rare infill site in one of the area’s most established corridors. The property has been surveyed and engineered for 7 or 8 single-family home sites, with all engineering plans and due diligence materials included in the offering to provide a more streamlined path toward

  Scott Raines, CCIM Dewey Property Advisors

  

  180 Rock Hill Rd, Asheville, NC 28803
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  /43

  $595,000 New Construction

  • 4 Beds
  • 3.5 Baths
  • 2,092 Sq Ft

  117 Third St, Asheville, NC 28803

  Welcome to 117 Third Street, a stunning new construction home in the heart of Asheville’s desirable Oakley neighborhood. This thoughtfully designed Arts and Crafts-style residence built by Obsidian Commercial Constructors offers 2,092 square feet of beautifully finished living space, featuring 4 bedrooms and three and 3.5 baths. Inside, you’ll find rich, finished-in-place hickory floors that add

  Caitlyn Thompson Ivester Jackson Blackstream

  

  117 Third St, Asheville, NC 28803
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  /47

  $594,000

  • 3 Beds
  • 2 Baths
  • 2,362 Sq Ft

  25 Ridgelawn Rd, Asheville, NC 28806

  Rare opportunity to own a versatile West Asheville property in one of the city’s most desirable and conveniently located neighborhoods. This flexible home offers investment potential, private apartment-style space/private lower living, or the ability to easily convert to a single-family residence. Currently operating as a home and an income-producing property, this property features two separate

  Phi-Van Cherry THE LIGHT REALTY

  

  25 Ridgelawn Rd, Asheville, NC 28806
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  /30

  $593,000

  • 3 Beds
  • 2 Baths
  • 1,990 Sq Ft

  1 Breyerton Ct, Asheville, NC 28804

  Welcome to this meticulously maintained, one-owner home in the highly desirable River Walk community of Asheville. Situated on a corner lot with mature landscaping and trees, this beautifully cared for 3 bedroom, 2 bath home offers the ease of one-level living with thoughtful updates and pride of ownership throughout. Built in 2009, the home features nearly 2,000 square feet of comfortable living

  Lacey Woodard Howard Hanna Beverly-Hanks Asheville-North

  

  1 Breyerton Ct, Asheville, NC 28804

Showing Results 401 - 440, Page 11 of 18