Homes for Sale near Bayfield Middle School

• 

  

  

  /45

  $975,000

  $25K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 2,840 Sq Ft

  830 Mushroom Ln, Bayfield, CO 81122

  Tucked among towering pines near Vallecito Lake, this exceptional mountain retreat offers the perfect blend of privacy, space, and Colorado charm. Situated on a rare double lot, spanning over an acre and backing directly to a peaceful creek, this property delivers the ultimate alpine lifestyle just minutes from the lake and endless outdoor adventure. Step inside to a beautifully remodeled kitchen

  Lauren Ammerman Wells Group Real Estate

  830 Mushroom Ln, Bayfield, CO 81122
• 

  

  

  /50

  $750,000

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 2,168 Sq Ft

  148 Black Bear Ln, Bayfield, CO 81122

  Furnished, STR-friendly waterfront home represents a rare opportunity to own a slice of alpine paradise in Vallecito. Stylish home on the quiet back side of Vallecito Lake with rare water-front Vallecito Creek frontage and no HOA. This well-lit three-bed, two-bath retreat offers both comfort and versatility, with a layout that works beautifully as a primary residence, vacation home, or

  Kathryn Vumbaco RE/MAX Alliance

  

  148 Black Bear Ln, Bayfield, CO 81122
• 

  

  

  /25

  $1,775,000

  $18M PRICE DROP

  • Land
  • 40 Acres
  • $44,375 per Acre

  156 Golden Forest Rd, Vallecito Lake/Bayfield, CO 81122

  Estate sale: This is the last large property available in the heart of Vallecito Lake, CO. The owner will offer a low down payment and owner financing at the low rate of 5% with fantastics terms (no qualifications) "Custer's Mountain Meadow Ranch" offers just the perfect escape to the San Juan Mountain's with it's cool summer time temperatures and endless outdoor recreation. Located in Vallecito,

  Mark Vansidener Hayden Outdoors LLC

  156 Golden Forest Rd, Vallecito Lake/Bayfield, CO 81122
• 

  

  

  /43

  $1,775,000

  $75K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 3,078 Sq Ft

  2018 Lake Purgatory Dr, Durango, CO 81301

  Mountain Luxury Meets Turnkey Convenience! Welcome to this stunning 4-bedroom, 3-bath Colorado mountain retreat offering 3,078 square feet of beautifully designed living space on 1.16 private acres with breathtaking mountain views. Whether you're looking for a full-time residence, vacation getaway, or investment property, this home checks every box. Sold fully furnished and completely turnkey all

  Makala Jewell EXIT Realty Home & Ranch

  2018 Lake Purgatory Dr, Durango, CO 81301
• 

  

  

  /35

  $450,000

  • 2 Beds
  • 2 Baths
  • 1,344 Sq Ft

  1609 County Road 500, Bayfield, CO 81122

  Located approximately 18 miles northeast of Durango at 8,000 feet, here is a unique opportunity to live in the woods, yet still be close to town! This charming 2 bedroom/2 bath log cabin is just 2.2 miles from Vallecito Lake. And just because it is close to Vallecito Lake, rest assured that this property IS NOT in a flood plain. The 1,344 square foot log home comes with both creature comforts and

  Barbara Mate United Country Blue Sky Homes and Land

  1609 County Road 500, Bayfield, CO 81122
• 

  

  /4

  $45,000

  • Land
  • 13,503 Sq Ft
  • $145,161 per Acre

  217 Pine Top Dr, Bayfield, CO 81122

  Nestled among towering pines in Forest Lakes this beautifully sloping lot offers the perfect canvas to build the mountain retreat you've always dreamed of. With natural elevation changes that invite creative design this property is the opportunity to own a piece of Colorado's finest outdoor living. Step outside your future front door and immerse yourself in nature's best. Cast a line in the

  Erin Christner Keller Williams Realty Southwest Associates, LLC

  217 Pine Top Dr, Bayfield, CO 81122
• 

  

  /29

  $5,500,000

  New Construction

  • 3 Beds
  • 3.5 Baths
  • 3,231 Sq Ft

  5775 County Road 501, Bayfield, CO 81122

  Set on the banks of the Pine River, this new construction home was built for the way Colorado actually gets lived. Thoughtful. Efficient. Wide open to the outdoors. Full accordion glass doors run the length of the house, so you step straight onto the concrete patio or fire up the outdoor kitchen without breaking stride. The primary wing sits across its own breezeway. Privacy, basically. Inside

  Ashley Blackmore Blackmore Group

  5775 County Road 501, Bayfield, CO 81122
• 

  

  /30

  $399,000

  • 3 Beds
  • 2 Baths
  • 1,404 Sq Ft

  125 Meadowbrook Dr, Bayfield, CO 81122

  Welcome to 125 Meadowbrook Drive in the desirable Forest Lakes subdivision! This well-maintained 3-bedroom, 2-bath modular home, built in 2001, offers 1,404 square feet of comfortable living space with a functional split-bedroom floor plan that's perfect for families, retirees, or anyone looking for privacy and convenience. The spacious primary suite is privately situated away from the guest

  Isaac Fleener Bayfield Realty

  125 Meadowbrook Dr, Bayfield, CO 81122
• 

  

  /37

  $895,000

  • Land
  • 20 Acres
  • $44,750 per Acre

  201 Golden Forest Rd, Vallecito Lake/Bayfield, CO 81122

  This is your chance to own a rare 20-acre mountain property bordering Grimes Creek and Vallecito Lake, offering exceptional privacy, stunning mountain views, and abundant water features. Grimes Creek, additional natural waterways, and a picturesque pond enhance this one-of-a-kind setting, while lush meadows and towering spruce trees create a beautiful mix of open space and mature forest. Enjoy

  Wendell Qualls Hayden Outdoors LLC

  201 Golden Forest Rd, Vallecito Lake/Bayfield, CO 81122
• 

  

  /31

  $565,000

  $230K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 2,701 Sq Ft

  2237 Bear Creek Canyon Rd, Bayfield, CO 81122

  This wonderful country home is truly picture-perfect — your own private sanctuary nestled on 9.5 secluded acres surrounded by graceful aspens and towering majestic pines. Thoughtfully designed with rustic elegance, the home features beautiful log railings, log braces, and custom wood accents throughout. The spacious main level offers in-floor heat and a highly efficient Regency fireplace with a

  Julie Itter Integrity Real Estate & Lending

  2237 Bear Creek Canyon Rd, Bayfield, CO 81122
• 

  

  /42

  $654,900

  $120K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 2,784 Sq Ft

  310 Timber Dr, Bayfield, CO 81122

  Must-see to appreciate this custom-built home. Single level living space with kitchen, living room, and primary bedroom on the main floor. Walk out to beautiful deck and views. The bright, open layout offers 2,784 sq ft of living space. Enjoy peace of mind with fire-mitigation clearing and whole-house generator. This top quality-built home has been meticulously cared for with thoughtful details

  Sharla James R1 Colorado

  310 Timber Dr, Bayfield, CO 81122
• 

  

  /27

  $85,000

  $30K PRICE DROP

  • Land
  • 1.25 Acres
  • $68,000 per Acre

  150 Pine Ridge Dr, Bayfield, CO 81122

  1.25 acre lot with septic already installed, driveway roughed in, and building site partially cleared! Enjoy the tranquility of beautiful towering pines and long views of the Pine River Valley. Water tap is available from Forest Lakes Metro District, electricity and natural gas are in the road. This lot is a quick walk into the San Juan National Forest-perfect for year round outdoor adventures!

  Rebecca Balboni Coldwell Banker Mountain Properties

  150 Pine Ridge Dr, Bayfield, CO 81122
• 

  

  /25

  $199,900

  • 2 Beds
  • 1 Bath
  • 950 Sq Ft

  14785 County Road 501, Bayfield, CO 81122

  Located directly across the road from the Vallecito Marina, this 2 bedroom 1 bathroom cabin is ready for a buyer that wants to put some sweat equity into an excellent location. No HOA means short term rentals are possible. Holding costs are low with annual taxes of only $887.56. Excellent year round access on a well maintained paved county road. Sold "as-is" with no Seller's Property Disclosure

  Justin Osborn Wells Group Real Estate

  14785 County Road 501, Bayfield, CO 81122
• 

  

  /45

  $2,200,000

  • 7 Beds
  • 9 Baths
  • 6,166 Sq Ft

  4337 County Road 502, Bayfield, CO 81122

  Rare opportunity to own a 64.35-acre Colorado family compound and horse property featuring two separately deeded parcels – 4705 CR 502 and 4337 CR 502, two residences, three rental units, direct BLM and National Forest access, and proven income-producing potential. The property at 4337 CR 502 generated $56,123 in short-term rental income over the past 12 months while offering exceptional privacy,

  Gabi Bergstrom RE/MAX Pinnacle

  4337 County Road 502, Bayfield, CO 81122
• 

  

  /18

  $125,000

  • Land
  • 11,238 Sq Ft
  • $484,496 per Acre

  114 Wild Horse Dr, Bayfield, CO 81122

  Introducing Bayfield's newest community - Mustang Crossing. This premier 81-lot residential subdivision offers generously sized single-family lots, each offering approximately 0.23 to 0.30 acres in an established and growing residential area. Phase I offers the first 19 lots that are ready for you to design and build your Colorado dream. Bring your own architect and builder or give us a call and

  Jaime Marquez Coldwell Banker Mountain Properties

  114 Wild Horse Dr, Bayfield, CO 81122
• 

  

  /34

  $312,000

  • 3 Beds
  • 2.5 Baths
  • 1,296 Sq Ft

  722 Jacobs Ln, Bayfield, CO 81122

  An affordable and spacious offering in charming Bayfield, CO. This three bedroom and three bath end unit townhome provides a comfortable and convenient living space that is a perfect place to call HOME. Upon entry, you will find a spacious living area with abundant natural light and a warm, welcoming ambiance. This open floor plan integrates the living room, dining room and kitchen, complete with

  Alicia Romero Wells Group Real Estate

  722 Jacobs Ln, Bayfield, CO 81122
• 

  

  /41

  $800,000

  • 9 Beds
  • 6 Baths
  • 3,200 Sq Ft

  18 W Vallecito Creek Rd, Bayfield, CO 81122

  Positioned just north of Vallecito Reservoir, Eagles Nest Cabins present a rare opportunity to acquire a turnkey mountain retreat with built-in income potential. Set on 1.78 acres and bordering nearby National Forest access, the property includes three well-maintained cabins totaling approximately 3,200 square feet. Two cabins offer 1,024 square feet each, with a third at 1,152 square feet. All

  Jarrod Nixon Coldwell Banker Mountain Properties

  18 W Vallecito Creek Rd, Bayfield, CO 81122
• 

  

  /31

  $529,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,652 Sq Ft

  112 & 136 Spruce Ln, Vallecito Lake/Bayfield, CO 81122

  Rare opportunity to own a beautifully refreshed, fully furnished Vallecito Lake retreat set along the highly desirable banks of Vallecito Creek. This property offers the peaceful mountain setting buyers dream about—whether you’re searching for a full-time residence, a weekend getaway, or an investment property with a proven rental history. Inside, the home welcomes you with a bright and inviting

  Kynlee Dailey Blackmore Group

  112 & 136 Spruce Ln, Vallecito Lake/Bayfield, CO 81122
• 

  

  /45

  $25,000,000

  • 8 Beds
  • 6 Baths
  • 12,000 Sq Ft

  475 Milepost On D&rg, Durango, CO 81301

  Tall Timber is an ultra-private, 200+/- acre fly-in mountain estate located inside the 1.8M+/- acre San Juan National Forest near Durango, Colorado. Surrounded by protected public lands with no public road access, this legacy-quality property combines true seclusion with unique arrival options by helicopter or private rail, plus use of a nearby 10,000+/- sq ft private hangar with attached

  Jorge Gomez CB Distinctive Properties Tell

  475 Milepost On D&rg, Durango, CO 81301
• 

  

  /35

  $699,000

  • 2 Beds
  • 2 Baths
  • 1,472 Sq Ft

  11 & 17 Ponderosa Homes Dr, Vallecito Lake/Bayfield, CO 81122

  Tucked in the heart of Vallecito, this charming 1472SF furnished cabin sits on TWO SEPERATELY DEEDED LOTS totaling 2 acres. The gated entrance ensures privacy and security while maintaining the peaceful mountain setting. Inside, the main level welcomes you with an open living and dining area anchored by a wood-burning fireplace—perfect for gathering on cool mountain evenings. The updated kitchen

  Ashley Kerlin Wells Group Real Estate

  11 & 17 Ponderosa Homes Dr, Vallecito Lake/Bayfield, CO 81122
• 

  

  /25

  $1,250,000

  $11M PRICE DROP

  • Land
  • 40 Acres
  • $31,250 per Acre

  TBD Cr 501, Bayfield, CO 81122

  Lease to own option with very attractive financing at 5% no credit checks. " Aspen Mountain Lookout " is a very unique property as it's just filled with thousands Aspen trees in every direction you can see, the fall colors are something that has to been seen to get the full effect of mountain living and the land just explodes with all the fall colors that only Aspen trees really can offer. This

  Mark Vansidener Hayden Outdoors LLC

  TBD Cr 501, Bayfield, CO 81122
• 

  

  /7

  $180,000

  • Land
  • 2.25 Acres
  • $80,000 per Acre

  12482 Cr 501, Vallecito Lake/Bayfield, CO 81122

  Vacation fishing cabin site. This is a combined 4 Lots. Lots can be purchase individually. Prices are based on $100k per acre. Cool water has private access to stretch of the pine river. Opportunity to build a cabin or just use the fishing access right or create a great spot for parking your RV. There are 7 Lots total being sold.

  Stuart Way Wells Group Real Estate

  12482 Cr 501, Vallecito Lake/Bayfield, CO 81122
• 

  

  /23

  $375,000

  $25K PRICE DROP

  • Land
  • 4.39 Acres
  • $85,421 per Acre

  40 Freeman Creek Dr, Bayfield, CO 81122

  4.3 acres with open/protected views to the northern mountains of Vallecito. Open/protected views to Lake Vallecito to the east. Beautiful sunrises and sunsets. Private well produces 14 gpm. Electrical service already set. Fiber optic internet is pending. 5G cell service.

  Denice Niethammer The Resource Group, LLC

  40 Freeman Creek Dr, Bayfield, CO 81122
• 

  

  /25

  $65,000

  $30K PRICE DROP

  • Land
  • 1 Acre
  • $65,000 per Acre

  186 Pine Ridge Dr, Bayfield, CO 81122

  Beautiful quiet 1 acre lot in Forest Lakes. Building site has already been cleared and flattened and corners were marked by surveyor. Electric and natural gas are in the road making this an easy choice for your next home! Forest Lakes Metro District provides central water-a tap is available. They also maintain roads in all seasons. This property is a short walk into the San Juan national

  Rebecca Balboni Coldwell Banker Mountain Properties

  186 Pine Ridge Dr, Bayfield, CO 81122
• 

  

  /28

  $445,000

  $15K PRICE DROP

  • 4 Beds
  • 1.5 Baths
  • 1,396 Sq Ft

  1291 Juniper St, Bayfield, CO 81122

  Tucked at the end of a quiet cul-de-sac in the heart of Bayfield, this well-maintained home sits on over a quarter acre with views from the back deck and room to enjoy the outdoors. Inside, thoughtful updates include a remodeled kitchen, new flooring, and recently replaced refrigerator, range, and water heater. A separate laundry room with commercial-grade washer and dryer adds everyday function,

  Randall Burton Berkshire Hathaway HomeServices Colorado Properties

  1291 Juniper St, Bayfield, CO 81122
• 

  

  /39

  $645,000

  Open Sat 10AM - 1PM

  • 5 Beds
  • 3 Baths
  • 2,378 Sq Ft

  706 Lupine, Bayfield, CO 81122

  706 Lupine Drive offers 2,378 finished square feet with a flexible layout, five bedrooms and three bathrooms, including two full baths and one three-quarter bath. The flex room provides additional space for a home office, guest room, hobby room, or potential fifth bedroom. The main living area features vaulted ceilings and an open connection between the living, dining, and kitchen spaces. The

  Paul Cranfill Keller Williams Realty Southwest Associates, LLC

  706 Lupine, Bayfield, CO 81122
• 

  

  /45

  $1,495,000

  • 5 Beds
  • 4 Baths
  • 3,493 Sq Ft

  163 Pinestone Dr, Bayfield, CO 81122

  Located in the lush Pine River Valley, this 1.8-acre property offers a private retreat within the gated River Ranch subdivision. Surrounded by natural beauty and exceptional amenities, this 3,493-square-foot home features a thoughtful layout with five bedrooms, four bathrooms, and a three-car garage. Covenants allow for up to two horses, offering added flexibility for those seeking an

  Abbi Munn Wells Group Real Estate

  163 Pinestone Dr, Bayfield, CO 81122
• 

  

  /11

  $250,000

  • Land
  • 20 Acres
  • $12,500 per Acre

  4556 Middle Mountain Rd, Bayfield, CO 81122

  20 acres bordering National Forest on 2 sides. Adjacent 24 acre parcel bordering National Forest with a spring fed creek and pond is available for $350k. Located at 9500' elevation amongst the deer, elk, and turkey. It's located less than 5 miles up Middle Mountain Road above Vallecito Lake. Winter access is snowmobile only. No HOA. Ag taxes are less than $15 a year. Exceptional recreational

  Justin Osborn Wells Group Real Estate

  4556 Middle Mountain Rd, Bayfield, CO 81122
• 

  

  /27

  $625,000

  • 3 Beds
  • 2 Baths
  • 2,110 Sq Ft

  317 Meadows Cir, Bayfield, CO 81122

  Welcome to this beautifully maintained and thoughtfully updated single-level home in Bayfield's desirable Clover Meadows neighborhood. Offering 2,110 square feet of living space on a beautiful quarter-acre lot, this inviting home features an ideal floor plan with a private primary suite, three additional bedrooms, and a beautifully updated full guest bath. The spacious living room flows

  Dianne Heleno Coldwell Banker Mountain Properties

  317 Meadows Cir, Bayfield, CO 81122
• 

  

  /40

  $775,000

  Open Sun 1PM - 3PM $14K PRICE DROP

  • 3 Beds
  • 3 Baths
  • 3,666 Sq Ft

  624 Dove Ranch Rd, Bayfield, CO 81122

  Welcome to 624 Dove Ranch Road, a newer, exceptionally well-maintained ranch-style home offering thoughtful design with beautiful finishes. HIGHLIGHTS: 3,666 Sq. Ft. | 3 Bed | 3 Bath | Walk-Out Basement Expanded Living Space: Fully finished lower walk-out level that can function as multi-generational living suite or dual-living layout - flexible game room (potential extra bedroom). Eco-Friendly &

  Darla Karle Keller Williams Realty Southwest Associates, LLC

  624 Dove Ranch Rd, Bayfield, CO 81122
• 

  

  /5

  $195,000

  • Land
  • 9.9 Acres
  • $19,697 per Acre

  2215 Bear Creek Canyon Rd, Bayfield, CO 81122

  Discover the perfect canvas for your dream home on this expansive 9.9 acre lot, ideally situated just 7 miles north of Bayfield, CO. Nestled against the backdrop of a stunning national forest, this property offers both tranquility and adventure at your doorstep. With level ground ready for building, you’ll have the ideal setting to create the private retreat that embraces the natural beauty

  Keith Darner eXp Realty, LLC

  2215 Bear Creek Canyon Rd, Bayfield, CO 81122
• 

  

  /43

  $695,000

  Open Sun 1PM - 3PM

  • 4 Beds
  • 2.5 Baths
  • 2,302 Sq Ft

  635 Dove Ranch Rd, Bayfield, CO 81122

  Beautifully maintained and thoughtfully updated, this 4 bedroom, 2.5 bathroom home offers a functional floor plan, abundant natural light, and a peaceful setting in the desirable Dove Ranch neighborhood. Ideally located just 5 minutes from downtown Bayfield and 25 minutes from downtown Durango, this home offers the perfect combination of convenience, comfort, and quiet neighborhood living. The

  Emily Shea RE/MAX Pinnacle

  635 Dove Ranch Rd, Bayfield, CO 81122
• 

  

  /4

  $240,000

  • Land
  • 40,510 Sq Ft
  • $258,065 per Acre

  18326 County Road 501, Bayfield, CO 81122

  Madeline McCarty Highland Realty Company LLC

  18326 County Road 501, Bayfield, CO 81122
• 

  

  /12

  $255,000

  New Construction $28K PRICE DROP

  • 3 Beds
  • 3.5 Baths
  • 1,670 Sq Ft

  144 Snowbird, Bayfield, CO 81122

  Discover a rare opportunity to bring your dream home to life on this to-be-built homesite in the desirable Forest Lakes subdivision. This 2024 build by DCY Builders offers a unique chance for a buyer to step in and complete the project to their exact tastes and vision. The essential groundwork has already been expertly executed, with all utilities—including water, sewer, & electricity—paid for

  Jon Tyler Frakes EXIT Realty Home & Ranch

  144 Snowbird, Bayfield, CO 81122
• 

  

  /44

  $639,000

  • 4 Beds
  • 2 Baths
  • 3,440 Sq Ft

  8684 County Road 510, Bayfield, CO 81122

  Affordable horse property, hobby farm, and country living opportunity just minutes from downtown Bayfield. Finding any home under $200 per Sq Ft is nearly impossible in the area, yet this property also includes 9 acres and irrigation water! Don't miss it! Situated on more than 9 acres with no HOA and no covenants, this property offers the freedom, space, water, and infrastructure that are

  Jeremiah Aukerman eXp Realty, LLC

  8684 County Road 510, Bayfield, CO 81122
• 

  

  /44

  $28,500,000

  • 7 Beds
  • 5 Baths
  • 6,400 Sq Ft

  23490 County Road 501, Bayfield, CO 81122

  Teelawuket Ranch is a premier Colorado live water ranch located in the spectacular Upper Pine River Valley near Bayfield and Durango. Encompassing ±940 acres, the Ranch combines private trout fishing, productive wildlife habitat, equestrian facilities, and exceptional improvements within one of the most scenic landscapes in the Rocky Mountain West. Surrounded by the rugged San Juan Mountains, the

  Brian Hartley Live Water Properties

  

  23490 County Road 501, Bayfield, CO 81122
• 

  

  /42

  $665,000

  • 5 Beds
  • 3 Baths
  • 2,622 Sq Ft

  507 Deer Ridge Dr, Bayfield, CO 81122

  Set on a well-maintained lot in Forest Lakes, this log home offers 2,622 square feet of comfortable living space with 5 bedrooms and 3 bathrooms. The thoughtfully designed floor plan features two ensuite bedrooms, including a main-level suite. Additionally, the lofted space has a separate ensuite plus flex space offering two primary bedroom options. The kitchen features an eat-in island, ample

  Olivia Barrett RE/MAX Pinnacle

  507 Deer Ridge Dr, Bayfield, CO 81122
• 

  

  /44

  $815,000

  • 7 Beds
  • 4 Baths
  • 1,500 Sq Ft

  48246 US Highway 160, Bayfield, CO 81122

  Ashley Blackmore Blackmore Group

  48246 US Highway 160, Bayfield, CO 81122
• 

  

  /17

  $135,000

  • Land
  • 10,280 Sq Ft
  • $572,034 per Acre

  107 Wild Horse Dr, Bayfield, CO 81122

  Introducing Bayfield's newest community - Mustang Crossing. This premier 81-lot residential subdivision offers generously sized single-family lots, each offering approximately 0.23 to 0.30 acres in an established and growing residential area. Phase I offers the first 19 lots that are ready for you to design and build your Colorado dream. Bring your own architect and builder or give us a call and

  Jaime Marquez Coldwell Banker Mountain Properties

  107 Wild Horse Dr, Bayfield, CO 81122
• 

  

  /44

  $799,000

  • 3 Beds
  • 3 Baths
  • 2,549 Sq Ft

  367 Boletus Creek Dr, Bayfield, CO 81122

  Custom built in mountain style and on live water (!) .... this beautiful log sided home provides everything you need for year-round or seasonal Colorado living. Situated in one of the best Vallecito neighborhoods, 'The Mushrooms", it is also at the end of a quiet, private, cul-de-sac where Boletus Creek runs through the pond on the back of the property enroute to Vallecito Lake. ~ ~ ~ This

  Sara Staber Keller Williams Realty Southwest Associates, LLC

  367 Boletus Creek Dr, Bayfield, CO 81122

Showing Results 81 - 120, Page 3 of 5