Newest Homes for Sale in Bandera, TX

• 

  

  

  /4

  $65,000

  • Land
  • 0.48 Acre
  • $135,135 per Acre

  LOT 161, Bandera, TX 78003

  Have you been looking for a place in the Hill Country to call home, or a place to escape the hustle and bustle of the city on the weekends? This gated community in the Bandera, TX area on Medina Lake may be the perfect fit for you! Holiday Villages offers a neighborhood pool, playground, boat ramp, and much more. Build a house or put a manufactured home on this almost 1/2 acre corner lot. No

  Kimberly Paul Coldwell Banker Stagecoach Realty

  LOT 161, Bandera, TX 78003
• 

  

  

  /43

  $440,000

  • 4 Beds
  • 2 Baths
  • 2,176 Sq Ft

  161 Private Road 1514, Bandera, TX 78003

  A large, covered front deck creates a warm welcome as you step directly into the living room, where a cozy fireplace sets the tone for comfort and relaxation. The open concept layout seamlessly connects the living room, dining area, and eat in kitchen, highlighted by quartz countertops, custom cabinetry, engineered wood flooring with padding that is water and scratch resistant, and a walk-in

  Kimberly Paul Coldwell Banker Stagecoach Realty

  161 Private Road 1514, Bandera, TX 78003
• 

  

  

  /11

  $78,500

  • Land
  • 2 Acres
  • $39,250 per Acre

  LOT 483 Highland Meadows, Bandera, TX 78003

  Come and build your dream home on this beautiful, 2 acre lot in Prestigious Bridlegate Ranch. This is a Level lot that has been CLEARED and is ready for your build. Underground Utilities including High Speed Internet are throughout the entire community. Amenities in Bridlegate include a 25 acre Medina River Park with BBQ's, picnic tables, walking sidewalk, disc golf, swimming, tubing, kayaking,

  Janette Labarre River Realty

  LOT 483 Highland Meadows, Bandera, TX 78003
• 

  

  

  /48

  $545,000

  • 6 Beds
  • 3 Baths
  • 3,156 Sq Ft

  946 Frontier Ln, Bandera, TX 78003

  Welcome to a MOVE-IN READY piece of paradise quietly nestled on the outskirts of Bandera. This unique property must be experienced in person to fully appreciate its scale, functionality, and charm. The land has been thoughtfully built out for equestrian and livestock use, featuring multiple horse paddocks along with pens and shelters for goats, donkeys, cows, and chickens. At the heart of the

  Russel Carinus Keller Williams Heritage

  946 Frontier Ln, Bandera, TX 78003
• 

  

  

  /14

  $325,000

  • Land
  • 10 Acres
  • $32,500 per Acre

  0 Tbd Unit 11630507, Bandera, TX 78003

  10 Acres Bandera, Texas | Hill Country Retreat with Creek Access, Ag Exemption & Fiber Internet Escape to your own slice of Hill Country paradise on this peaceful 10-acre property located just outside Bandera, Texas the Cowboy Capital of the World. This beautiful piece of land offers the perfect blend of privacy, natural scenery, and modern convenience. Enjoy rolling terrain with long-range Hill

  Becca Vizza Ranch King Realty LLC

  0 Tbd Unit 11630507, Bandera, TX 78003
• 

  

  /13

  $395,000

  • Land
  • 17 Acres
  • $23,235 per Acre

  0 Walker Ridge Unit 11630474, Bandera, TX 78003

  Grand View Ranchette: Your Private Hill Country Haven Discover an exceptional 16+ acre property in the prestigious Grand View Ranch Division, directly accessible from FM 470. This premium parcel offers the perfect canvas for your dream home or an idyllic weekend retreat. Perched at the end of a quiet cul-de-sac, this property commands some of the most spectacular views in Grand View Ranch. The

  Becca Vizza Ranch King Realty LLC

  0 Walker Ridge Unit 11630474, Bandera, TX 78003
• 

  

  /15

  $300,000

  • Land
  • 10 Acres
  • $30,000 per Acre

  0 Tbd Unit 11630504, Bandera, TX 78003

  10 Acres Bandera, Texas | Hill Country Retreat with Creek Access, Ag Exemption & Fiber Internet Escape to your own slice of Hill Country paradise on this peaceful 10-acre property located just outside Bandera, Texas the Cowboy Capital of the World. This beautiful piece of land offers the perfect blend of privacy, natural scenery, and modern convenience. Enjoy rolling terrain with long-range Hill

  Becca Vizza Ranch King Realty LLC

  0 Tbd Unit 11630504, Bandera, TX 78003
• 

  

  /16

  $188,900

  • Land
  • 3.16 Acres
  • $59,778 per Acre

  107 Palomino Springs, Bandera, TX 78003

  Over 3000 acres of pristine Texas Hill Country, high fenced and gated with stunning views to build your custom home. 200x100 riding arena with trails, 6 outdoor paddocks, and 2 box stalls Private 50 Acre Property Owner's Park & Private access to 3/4 of a mile of the Medina River, 2 Swimming Pools, 2 Tennis Courts, Open Fields! Soccer field, ball diamond, volleyball court Pick-nick area for BBQ at

  Ken Ruiz Keller Williams Heritage

  107 Palomino Springs, Bandera, TX 78003
• 

  

  /36

  $749,000

  • 5 Beds
  • 3.5 Baths
  • 2,946 Sq Ft

  2152 Palomino Springs, Bandera, TX 78003

  Welcome to the beautiful Texas Hill Country! This custom-built 5 bedroom, 3.5 bathroom home boasts high vaulted ceilings, an open floor concept, and modern finishes throughout. Step into the bright and spacious living room, complete with a cozy fireplace and large windows that flood the space with natural light. The kitchen features stainless steel appliances, granite countertops, a large island,

  Andrew Hernandez Legacy Broker Group

  2152 Palomino Springs, Bandera, TX 78003
• 

  

  /30

  $345,000

  • 1 Bed
  • 1 Bath
  • 1,500 Sq Ft

  338 Salt Grass Trail, Bandera, TX 78003

  Exceptional opportunity to build your dream home in Bandera while already enjoying life on the property! This stunning 1,500 sq. ft. barndominium includes 500 sq. ft. of living space with a full kitchen, bath, and a covered patio, plus an oversized double garage with an extended bay. Bridlegate's gated community permits full-time barndominium living while you build, or it can serve as a hill

  

  Terri Walker

  Keller Williams Boerne

  (830) 445-3843

  338 Salt Grass Trail, Bandera, TX 78003
• 

  

  /4

  $79,900

  • Land
  • 2.16 Acres
  • $36,991 per Acre

  543 Buckskin Trail, Bandera, TX 78003

  Discover the charm of the Texas Hill Country on this 2.16-acre lot in Bridlegate Subdivision. Level lot with many mature trees and a beautiful view. Bridlegate's gated community permits full-time barndominium living while you build, or it can serve as a hill country retreat. Neighborhood amenities include a private 50-acre owners park with 3/4 mile of Medina River access, 2 pools, tennis courts,

  

  Terri Walker

  Keller Williams Boerne

  (830) 498-0642

  543 Buckskin Trail, Bandera, TX 78003
• 

  

  /35

  $85,000

  • Land
  • 2.4 Acres
  • $35,417 per Acre

  277 Palomino Springs, Bandera, TX 78003

  Welcome to 277 Palomino Springs in Bandera, Texas-a beautiful vacant lot offering privacy, space, and classic Hill Country surroundings. Located within a gated community, this homesite provides a quiet and secure setting, ideal for building a custom home or weekend retreat. The natural landscape and open views create a peaceful atmosphere, giving you room to design a home that truly fits the

  

  Ricardo Gonzalez

  Keller Williams Heritage

  (830) 505-1798

  277 Palomino Springs, Bandera, TX 78003
• 

  

  /25

  $940,000

  • Land
  • 47 Acres
  • $20,000 per Acre

  8417 - B Texas Highway 16, Bandera, TX 78003

  PRIVATE PARADISE!! 47+/- ACRES!! AMAZING VIEWS!! TONS OF WILDLIFE!! THIS PROPERTY IS CURRENTLY UNDER AG VALUATION THROUGH THE COUNTY APPRAISAL DISTRICT! Escape to your own private paradise with this exceptional 47 +/- acre piece of land that's conveniently located close to the town of Bandera. Whether you're seeking a serene retreat, a wildlife enthusiast's dream, or the perfect spot to build

  Adam Hawkins Legacy Broker Group

  8417 - B Texas Highway 16, Bandera, TX 78003
• 

  

  /37

  $524,900 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,196 Sq Ft

  181 Deerwood Cir, Bandera, TX 78003

  This stunning 4 bedroom, 2.5 bathroom home is filled with breathtaking natural light and showcases a thoughtfully designed layout that feels both grand and inviting. The first floor living space is anchored by a dramatic floor to ceiling stone fireplace with customizable flame colors, allowing you to set the perfect ambiance for any occasions or quiet evenings as the area flows seamlessly into

  Joel Almosara Coldwell Banker D'Ann Harper

  181 Deerwood Cir, Bandera, TX 78003
• 

  

  /60

  $2,250,000

  • Land
  • 97 Acres
  • $23,196 per Acre

  0 Farm To Market Road 470, Bandera, TX 78003

  PROPERTY DESCRIPTION:Cypress Springs Ranch consists of 97 +/- acres with beautiful cypress-lined live water and features three commercially permitted water wells for public water supply, allowing up to a total of 36 acre-feet of water annually. This property is located approximately 5 +/- miles from Bandera, Texas, known as the Cowboy Capital of the World. This waterfront land makes for

  West Ranches West & Swope Ranches

  0 Farm To Market Road 470, Bandera, TX 78003
• 

  

  /31

  $349,000

  • 1 Bed
  • 2.5 Baths
  • 1,056 Sq Ft

  794 Rio Luna, Bandera, TX 78003

  WELCOME TO YOUR NEXT HOME. Tucked away beneath a canopy of mature cypress trees, this beautifully secluded property offers rare privacy and direct access to the crystal-clear Medina River. The elevated one-story home features warm cedar finishings throughout, creating a cozy Hill Country retreat feel. Enjoy peaceful mornings and relaxing evenings from the three-sided porch, surrounded by nature

  Melissa Rutledge Keller Williams City-View

  794 Rio Luna, Bandera, TX 78003
• 

  

  /5

  $70,000

  • 2 Beds
  • 2 Baths
  • 1,056 Sq Ft

  727 Private Road 1516, Bandera, TX 78003

  This property is being sold as-is.

  Megan Lamb River Realty

  727 Private Road 1516, Bandera, TX 78003
• 

  

  /29

  $249,999

  • 1 Bed
  • 1 Bath

  295 Private Road 1511, Bandera, TX 78003

  Holiday Villages of Medina - Ideal setting for the adventurer/traveler to slow down for a season to this beautiful 1 bedroom/1 bath 800 sqft home on 2 lots .56 Acres with a 40 x 40 RV Port. Enjoy this charming property where everything has been arranged comfortably & spaciously meeting all your needs. Whether a full time/part time residence, vacation/recreational or as an investment property the

  Terry West Coldwell Banker Stagecoach Realty

  295 Private Road 1511, Bandera, TX 78003
• 

  

  /22

  $290,000

  • Land
  • 10.27 Acres
  • $28,238 per Acre

  6270 Farm To Market Road 3240 Unit 26-27, Bandera, TX 78003

  10.27 Acres – Texas Hill Country Views Discover spectacular Hill Country views on this 10.27-acre wooded property, perfectly perched on plateaus with panoramic scenery of the surrounding hills. Located between Kerrville and historic Bandera, this land is rich in history—fossils and Native American stone tools have been found in the area. The property remains untouched, with thick brush and

  David Allan Hall RE/MAX Kerrville

  6270 Farm To Market Road 3240 Unit 26-27, Bandera, TX 78003
• 

  

  /19

  $98,000

  • 2 Beds
  • 1.5 Baths
  • 784 Sq Ft

  7075 Whartons Dock Rd, Bandera, TX 78003

  Welcome to this inviting 2-bedroom, 1.5-bath home perfectly situated across the street from the community pool—your own summer retreat just steps away! This well-maintained property features a bright and open living area, a functional kitchen, and cozy bedrooms with ample closet space. The full bath offers comfort and convenience, while the additional half-bath is perfect for guests. Whether

  Madison Harris Connect Realty.com

  7075 Whartons Dock Rd, Bandera, TX 78003
• 

  

  /65

  $1,699,000

  • 3 Beds
  • 4 Baths
  • 3,910 Sq Ft

  2939 Palomino Springs, Bandera, TX 78003

  This Hill Country Masterpiece sits on 3.63 acres on a bluff forty feet above the Medina River with 3 bedrooms, 2 full baths and 2 half baths. The 872 sq ft Casita has an additional large bedroom and full bath. (Not included in square footage of the house) Enter the home's foyer featuring an eighteen foot ceiling and stone wall floor to ceiling. The home centers around a great room with a fourteen

  Susan Hallmark Kuper Sotheby's Int'l Realty

  2939 Palomino Springs, Bandera, TX 78003
• 

  

  /25

  $1,750,000

  • 9 Beds
  • 9 Baths
  • 4,729 Sq Ft

  5322 State Highway 16 N, Bandera, TX 78003

  Welcome to Diamond H, a historic Medina River estate offering privacy, character, and riverfront living just minutes from downtown Bandera. The property may be enjoyed as a private residence or continue as a turn-key, income-producing property using the existing professional management company, subject to buyer confirmation. Fully furnished interiors are included, featuring antique and

  Brian Stamness Phyllis Browning Company

  5322 State Highway 16 N, Bandera, TX 78003
• 

  

  /14

  $598,000

  • Land
  • 26.21 Acres
  • $22,816 per Acre

  6493 Texas 173, Bandera, TX

  DESCRIPTION This is your chance to own a very rarely found smaller ranchette with excellent road frontage, surrounded by much larger ranches. Build your own dream home in a valley setting with multiple build-sites offering gorgeous views and amazing large Live Oaks. IMPROVEMENTS There is one small barn on the property and electricity is on site, the rest of the property is a raw

  Robert Dullnig Dullnig Ranches/ Kuper Sotheby's

  6493 Texas 173, Bandera, TX
• 

  

  /42

  $1,995,000

  • 3 Beds
  • 2 Baths
  • 2,280 Sq Ft

  7364 Farm To Market 2828, Bandera, TX 78003

  65 Acres Camp Verde Escape, Bandera County7634 RM 2828, Medina TX 78055DESCRIPTION: Camp Verde Escape is a wonderful ranchito located along Ranch Rd 2828 in between Camp Verde and Medina, TX. As you enter off the black-top frontage, the all-weather main road leads to the charming turn-key ranch headquarters located in the center of the property which is situated on a rise that

  Robert Dullnig Dullnig Ranches/ Kuper Sotheby's

  7364 Farm To Market 2828, Bandera, TX 78003
• 

  

  /5

  $49,500

  • Land
  • 0.6 Acre
  • $82,500 per Acre

  LOT 24 Heinen Cir, Bandera, TX 78003

  THE HUGE OAK TREE WELCOMES YOU, BEAUTIFUL LOT TO BUILD YOUR NEW HOME, JUST 4 MILES SOUTH OF DOWNTOWN BANDERA. AMENITIES INCLUDE POOL, OUTDOOR KITCHEN, TENNIS AND BASKETBALL COURTS, AND A LARGE COVERED PAVILION. RESIDENTS CAN ENJOY A 24 ACRE RIVER PARK ANYTIME OF THE YEAR.

  Courtney Pfeiffer Keller Williams Boerne

  LOT 24 Heinen Cir, Bandera, TX 78003
• 

  

  /47

  $325,000

  • 1 Bed
  • 2 Baths
  • 638 Sq Ft

  116 Martingale Trail, Bandera, TX 78003

  Nestled in the scenic Texas Hill Country, 116 Martingale Trail offers the perfect blend of tranquility, natural beauty, and rural charm. Located within the gated community of Bridlegate, this property is surrounded by wide-open spaces, mature trees, and abundant wildlife, creating a peaceful country setting while remaining close to Bandera's shops, dining, and small-town conveniences. With easy

  Shana Kounse Keller Williams Heritage

  116 Martingale Trail, Bandera, TX 78003
• 

  

  /5

  $10,000

  • Land
  • 0.12 Acre
  • $86,957 per Acre

  TBD Ropers Ln Unit 13, Bandera, TX 78003

  Great for a tiny home or barndominium! This 0.115 acre lot is located on the outskirts of Bandera inside the Bandera Pass Subdivision. Electricity is available and restrictions are minimal. Subdivision plat is available. Call for more details! ***Buyer should independently verify taxes, acreage, restrictions, easements, schools, utilities & any other information as deemed necessary. Thank you***

  Debra Luebano eXp Realty LLC

  TBD Ropers Ln Unit 13, Bandera, TX 78003
• 

  

  /6

  $18,500

  • Land
  • 0.23 Acre
  • $80,435 per Acre

  0 Frio Rd Unit 25812519, Bandera, TX 78003

  Please visit our website for the most current status, video & more pics by scrolling down to the bottom of this page and clicking on PROPERTY WEBSITE.Welcome to the Texas Hill Country! Escape the city & enjoy the outdoors on .23 acres (2 lots side by side) with WATER & ELECTRIC available! Bring RV /Tiny Home on wheels! Parcel backs to a BEAUTIFUL Treed Greenbelt with rolling

  The LandBox The LandBox

  0 Frio Rd Unit 25812519, Bandera, TX 78003
• 

  

  /50

  $509,700 New Construction

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

  232 Spring Creek Cir, Bandera, TX 78003

  Welcome to our beautiful new construction home in the Flying L neighborhood! This stunning residence features high ceilings and an open space design that creates a sense of freedom and luxury. The expansive layout allows for natural light to flow throughout, enhancing the warm and inviting atmosphere. Whether you're entertaining guests or enjoying a quiet evening, this home is designed for

  Liliya Varga Mihaila Realty LTD

  232 Spring Creek Cir, Bandera, TX 78003
• 

  

  /23

  $8,497

  • Land
  • 0.09 Acre
  • $94,411 per Acre

  Lost Valley Dr Unit Bandera TX 78003, Bandera, TX 78003

  Owner Financing Available - This 0.09 acre lot is located in Bandera, Texas and the address is Lost Valley Drive, Bandera, TX 78003.Lost Valley Resort Ranch is a historic golf resort located in Bandera, Texas, nestled in the scenic Texas Hill Country. Established in 1962, this resort offers an 18-hole golf course that caters to players of all skill levels. The course spans 6,210 yards

  Benjamin Davis LandDirectUSA.com

  Lost Valley Dr Unit Bandera TX 78003, Bandera, TX 78003
• 

  

  /16

  $275,000

  • Land
  • 1.3 Acres
  • $211,538 per Acre

  Tbd Cypress St, Bandera, TX 78003

  Prime Commercial Development Opportunity | Bandera, TXSecure one of the largest remaining undeveloped tracts within the Bandera city limits. Strategically positioned at the high-visibility corner of Highway 16 S. and 13th Street, this 1.32-acre property offers exceptional exposure, access, and development flexibilityideal for investors, developers, and owner-users. Zoned for commercial or

  Jimmy Reno Reno Realty Group

  Tbd Cypress St, Bandera, TX 78003
• 

  

  /31

  $260,000

  • 2 Beds
  • 2 Baths
  • 924 Sq Ft

  313 Big Meadows Dr, Bandera, TX 78003

  This 5-acre property offers a rare opportunity for country living, with ample space for horses, livestock, or future expansion. The land is fully fenced - three sides with 5' fencing and the fourth side with 4' fencing, though some areas will need repair. It features five pastures, a horse corral, a covered horse shed, and water lines to all pastures, providing convenience and versatility for

  Christopher Watters Watters International Realty

  313 Big Meadows Dr, Bandera, TX 78003
• 

  

  /22

  $11,997

  • Land
  • 0.1 Acre
  • $119,970 per Acre

  Bat Masterson Dr Unit Bandera TX 78003, Bandera, TX 78003

  Owner Financing Available - This 0.1 acre lot is located in Bandera, Texas and the address is Bat Masterson Drive, Bandera, TX 78003.Bandera (Lake Medina Shores) is located less than a hour north west of San Antonio. It is surrounded by the Medina Lake.The median home cost in Lake Medina Shores is Real Estate: $245,400. Home appreciation the last 10 years has been

  Benjamin Davis LandDirectUSA.com

  Bat Masterson Dr Unit Bandera TX 78003, Bandera, TX 78003
• 

  

  /16

  $20,000

  • Land
  • 0.12 Acre
  • $165,289 per Acre

  21N Whartons Dock Rd, Bandera, TX 78003

  Build your dream home in the quiet highly desired neighborhood of Flying L Ranch in Bandera. Flying L Ranch is a Golf Community with an 18-hole golf course, restaurant, bar, swimming pool, basketball and tennis courts. Neighborhood also features the Lone Star Lagoon water park with slides, lazy river, and a wave pool. Lot fronts Whartons Dock Rd, so you do not have to drive through Flying L Ranch

  Jeffrey Pozzi Coldwell Banker D'Ann Harper

  21N Whartons Dock Rd, Bandera, TX 78003
• 

  

  /25

  $80,000

  • Land
  • 2.22 Acres
  • $36,036 per Acre

  LOT 31 Lariat Trace, Bandera, TX 78003

  2 Oak Studded Acres in beautiful Bridlegate Ranch. Come build your dream home with plenty of room for outdoor living areas, a pool, or shop in your building plans. This level 2-acre property has gorgeous views from a future back deck. Build your home from 2200 sq. ft. or more, with no time limit to build. The utilities are run underground, including fiber internet lines, making it easy to work

  Harriet Hearne Gail Stone Realty

  LOT 31 Lariat Trace, Bandera, TX 78003
• 

  

  /30

  $120,000

  • 3 Beds
  • 2 Baths
  • 924 Sq Ft

  LOT 38 Pr 1510, Bandera, TX 78003

  Enjoy hill country living at its best in the resort-style community of Holiday Villages. Neighborhood amenities include controlled access with guarded gate, active clubhouse, swimming pool, and sand volleyball court. 2024 single-story home is ready for new owners to start their next chapter. The 3-bedroom 2-bath home boasts a modern open concept floorplan with living area open to kitchen allowing

  Jeffrey Pozzi Coldwell Banker D'Ann Harper

  LOT 38 Pr 1510, Bandera, TX 78003
• 

  

  /20

  $330,000

  • Land
  • 10.15 Acres
  • $32,512 per Acre

  LOT 5 Sophie Dr, Bandera, TX 78003

  Discover 10.15 acres of picturesque Hill Country land perfectly located between Bandera and Tarpley, offering level terrain, nice views, and a blend of Live Oaks and Spanish Oaks. With a 640' well, electricity already in place, and high-speed internet available, this property is ready for your vision-whether a single-family home or barndominium (1,800 sq. ft. minimum), along with workshops,

  Harriet Hearne Gail Stone Realty

  LOT 5 Sophie Dr, Bandera, TX 78003
• 

  

  /19

  $275,000

  • Land
  • 1.32 Acres
  • $208,967 per Acre

  TBD Cypress Unit 67A, Bandera, TX 78003

  Secure one of the largest remaining undeveloped tracts within the Bandera city limits. Strategically positioned at the high-visibility corner of Highway 16 S. and 13th Street, this 1.316-acre property offers exceptional exposure, access, and development flexibility—ideal for investors, developers, and owner-users. Zoned for commercial or residential development, the site is within walking

  Kathryn Hawkins Reno Realty Group

  TBD Cypress Unit 67A, Bandera, TX 78003
• 

  

  /19

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,216 Sq Ft

  570 Private 1523, Bandera, TX 78003

  Charming Home in Gated Community! This 3-bedroom, 2-bathroom home sits on 1 lot near but high above the Medina River. NEW EVERYTHING! A perfect blend of comfort, convenience, and accessibility. Welcoming entry, nice level driveway with a open canvas on your lawn, garden or grounds. The open layout inside creates a bright and inviting space. The spacious kitchen and living area flow seamlessly,

  Terry West Coldwell Banker Stagecoach Realty

  570 Private 1523, Bandera, TX 78003
• 

  

  /4

  $59,999

  • Land
  • 0.28 Acre
  • $218,178 per Acre

  277 Creekwood Dr, Bandera, TX 78003

  Welcome to an exceptional opportunity within the storied Flying L Ranch - a serene slice of the Texas Hill Country where western charm meets community-style living. Nestled among gentle terrain and shaded by native oaks, this lot offers the ideal foundation for your custom home, weekend retreat, or long-term dream property. The lot is in a well-established, paved subdivision inside Flying L

  Megan Lamb River Realty

  277 Creekwood Dr, Bandera, TX 78003

Showing Results 81 - 120, Page 3 of 14