Homes for Sale in 32439

• 

  

  

  /52

  $447,300

  • 4 Beds
  • 3 Baths
  • 2,532 Sq Ft

  464 Arrowwood Blvd, Defuniak Springs, FL 32435

  ALMOST NEW VALOR BUILT & LAKE VIEW HOME w/4 Beds 3 Baths, 2532 Sq Ft, PLUS 3 Car Garage all within 20 mins to 30A Beaches! A Beautiful Kitchen w/Island, Quartz Counters, Pendants, Double Oven & SS APPLIANCES! A Spacious bed, full bath & laundry rm on the main floor making it perfect for an office or related living! Upstairs you will find the Expansive Loft leading to the Primary Bed w/Trey

  Abbott Martin Group EXP Realty LLC

  464 Arrowwood Blvd, Defuniak Springs, FL 32435
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  /42

  $420,000

  • 4 Beds
  • 2.5 Baths
  • 2,000 Sq Ft

  62 Pintail Blvd, Freeport, FL 32439

  Experience coastal elegance with luxury upgrades at 62 Pintail Blvd, an exceptional residence in the highly desirable Marina Village community of Freeport. This beautifully designed 4 bedroom, 2.5 bath home combines modern comfort with elegant upgrades, creating a true showcase of craftsmanship and style.The open-concept living area is anchored by a cozy fireplace surrounded by shiplap

  Aisha Gibson HomeBiz Properties

  62 Pintail Blvd, Freeport, FL 32439
• 

  

  

  /11

  $450,000

  00 Dexton King, Freeport, FL 32439

  Build your dream waterfront retreat in Freeport!This cleared residential lot on Dexton King Road offers 70 feet of waterfront on Alaqua Bayou and a peaceful setting at the very end of a quiet dead-end street. With the hard work of clearing already done, the property is ready for your vision—whether that's a full-time residence, a vacation getaway, or an investment

  Barbara Wade Beachy Beach Real Estate

  00 Dexton King, Freeport, FL 32439
• 

  

  

  /34

  $460,000

  • 4 Beds
  • 2.5 Baths
  • 2,318 Sq Ft

  456 Windchime Way, Freeport, FL 32439

  A must see in Whispers at Hammock Bay. This immaculate four bedroom, two and one half bath home was built by well known Boswell Builders, and features 2318 sqft with an open concept floorplan and crown molding throughout. Renowned for the quality of construction, this home has a higher level of finishes and stands apart from others in the developed community. Enjoy the large great room which

  Jesse Robinson Pinnacle Beach Properties

  456 Windchime Way, Freeport, FL 32439
• 

  

  

  /31

  $429,000

  • 4 Beds
  • 2.5 Baths
  • 2,035 Sq Ft

  56 Silverthorn St, Freeport, FL 32435

  Welcome to 56 Silverthorn Drive in the sought-after Owl's Head community of Freeport, Florida. This charming two-story home, the Inzer floor plan, offers thoughtful design with the primary suite conveniently located on the main level and a spacious additional living room upstairs. Interior features include EVP flooring, ivory cabinetry, laminate countertops, and a Smart Home package with DEAKO

  Alexandra Maddox The Premier Property Group Seacrest Office

  56 Silverthorn St, Freeport, FL 32435
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  /33

  $449,000

  • 3 Beds
  • 2 Baths
  • 1,700 Sq Ft

  80 Clarke Hill Rd, Freeport, FL 32439

  NEW CONSTRUCTION 3 bedroom, 2 bath 1,700 Sq Ft resort style home in the prestigious, gated community of Bear Creek! Nestled on a prime lot overlooking the landscaped lake and serene green space. This home is steps from the newest amenity center . Bear Creek residents enjoy amenities including pickleball, tennis, basketball courts, a fitness center, and a resort-style pool. Construction is near

  Brian Raymond Berkshire Hathaway HomeServices PenFed Realty

  80 Clarke Hill Rd, Freeport, FL 32439
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  /34

  $459,000

  • 3 Beds
  • 2 Baths
  • 1,700 Sq Ft

  160 Clarke Hill Rd, Freeport, FL 32439

  NEW CONSTRUCTION 3 bedroom, 2 bath 1,700 Sq Ft resort style home in the prestigious, gated community of Bear Creek! Nestled on a prime lot overlooking the landscaped lake and serene green space. This home is steps from the newest amenity center . Bear Creek residents enjoy amenities including pickleball, tennis, basketball courts, a fitness center, and a resort-style pool. Construction is near

  Brian Raymond Berkshire Hathaway HomeServices PenFed Realty

  160 Clarke Hill Rd, Freeport, FL 32439
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  /29

  $438,000

  • 4 Beds
  • 2.5 Baths
  • 2,192 Sq Ft

  193 Perimeter Place, Freeport, FL 32439

  Upgrades throughout make 193 Perimeter Place a standout home in Ashton Park. Situated on a large corner lot and meticulously maintained, this property features upgraded finishes comparable to homes in higher price ranges. Inside, you'll find tasteful decor appointments, an excellent open floor plan, split bedrooms for privacy, and a soothing light-filled atmosphere. The backyard offers

  Trey Runnels Coldwell Banker Realty

  193 Perimeter Place, Freeport, FL 32439
• 

  

  /40

  $437,000

  • 4 Beds
  • 2.5 Baths
  • 2,266 Sq Ft

  89 Laurel Oaks Dr, Freeport, FL 32439

  Beautifully crafted 2021 Randy Wise home in Laurel Oaks! This 4BR/2.5BA + dedicated office offers 2,200+ sqft, an open main floor, 1st-floor primary suite, 8' doors, crown molding & custom finishes. Upgrades include a custom primary closet, all new Zoysia sod, updated landscaping and pavers, hard floors, custom blinds, fenced yard & custom office doors. You'll enjoy the spacious bedrooms in not

  Karen Straub Dale Sorensen Real Estate Inc

  89 Laurel Oaks Dr, Freeport, FL 32439
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  /45

  $419,900

  • 4 Beds
  • 3.5 Baths
  • 2,348 Sq Ft

  158 Lafayette Creek, Freeport, FL 32439

  Beautiful 4 bedroom - 3.5 bathroom Craftsman style home in the highly sought after community of LaGrange Landing. Nestled in the heart of Freeport, 158 S Lafayette Creek offers the perfect blend of comfort, style, and affordability. This charming home is priced to sell, making it an unbeatable opportunity for buyers. As your enter the home, you are greeted by a small foyer, with a formal dining

  Jacob Foreman Coldwell Banker Realty

  158 Lafayette Creek, Freeport, FL 32439
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  /32

  $439,000

  • 3 Beds
  • 2 Baths
  • 1,958 Sq Ft

  36 Dickens Dr, Freeport, FL 32439

  This home is located in the highly sought after, environmentally responsible, master planned community of Hammock Bay, located in Freeport, FL. This craftsman style 3-bedroom, 2-bathroom home is nestled in the Passages subdivision of Hammock Bay and backs up to Passages Pond. There's a separate room with French doors for a home office, reading room or whatever you desire. The private, spacious

  Robert Ward RE/MAX by the Sea

  36 Dickens Dr, Freeport, FL 32439
• 

  

  /36

  $449,999

  • 3 Beds
  • 2.5 Baths
  • 2,075 Sq Ft

  140 Pintail Blvd, Freeport, FL 32439

  Call listing agent Michael Steele 850-585-2795 Randy Wise built. Expert craftsmanship and a poised position of this like new end of cul-de-sac home in the highly desired Marina Village sub division. Interior finishes will satisfy the pickiest buyers. A energy efficient home, luxury interior finishes, open floor plan, spacious rooms with high ceilings and generously sized closets. Huge owners

  Michael Steele Robert Slack LLC

  140 Pintail Blvd, Freeport, FL 32439
• 

  

  /5

  $549,192 New Construction

  • 4 Beds
  • 3 Baths
  • 2,614 Sq Ft

  44 Perch Place, Freeport, FL 32439

  *To be eligible for low interest rate on GOV loans, FREE refrigerator, and closing cost assistance buyers MUST use DSLD Mortgage and preferred title. Contract must be written between 11/1-11/15/25. Home must close by 5/29/26. Not available on all homes. Restrictions apply. Contact Sales Rep(s) for details.* The RENOIR IV I in Bird Song at Hammock Bay community offers a 4 bedroom, 3 full bathroom,

  DSLD Homes Builder

  44 Perch Place, Freeport, FL 32439
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  /6

  $596,333 New Construction

  • 4 Beds
  • 2 Baths
  • 2,641 Sq Ft

  385 Kaleidoscope Cove, Freeport, FL 32439

  *To be eligible for low interest rate on GOV loans, FREE refrigerator, and closing cost assistance buyers MUST use DSLD Mortgage and preferred title. Contract must be written between 11/1-11/15/25. Home must close by 5/29/26. Not available on all homes. Restrictions apply. Contact Sales Rep(s) for details.* The CROSBY III H in Lanterns at Hammock Bay community offers a 4 bedroom, 2 full bathroom,

  DSLD Homes Builder

  385 Kaleidoscope Cove, Freeport, FL 32439
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  /4

  $774,000

  • 4 Beds
  • 3 Baths
  • 2,475 Sq Ft

  602 Pitts Bayshore Dr, Freeport, FL 32439

  PRICED TO SELL!Old Florida waterfront living at 602 Pitts Bayshore Drive, Freeport. Situated on an oversized double lot (.79 acres), this 4-bedroom, 3-bath home with 2,475 sq. ft. of space invites you to embrace both family comfort and the luxury of life on the water. From the moment you arrive, the canopy of majestic live oaks welcomes you into a property that feels timeless, private, and

  Whitby Jerkins Douglas Elliman

  602 Pitts Bayshore Dr, Freeport, FL 32439
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  /41

  $349,000

  • 3 Beds
  • 2 Baths
  • 1,829 Sq Ft

  268 Cornelia St, Freeport, FL 32439

  This adorable Florida Cottage style home in Hammock Bay features 3bedrooms and 2 bathrooms and sits across the street from Central Park and 1 minute away from all of Hammock Bay's amazing amenities. As you walk inside, you'll appreciate the open floor plan. The kitchen has a sit down counter bar and there's a separate dining area a window that overlooks the park. There are 2 bedrooms towards the

  Tania Grady Coldwell Banker Realty

  268 Cornelia St, Freeport, FL 32439
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  /40

  $409,000

  • 4 Beds
  • 2 Baths
  • 2,135 Sq Ft

  216 Beaver Trail Dr, Freeport, FL 32439

  Immaculate home with many premium upgrades not found in new construction! On one of the best lots in a peaceful neighborhood w/ greenspace behind the home. Built on a high and dry parcel but still only 2 blocks to the Marina with restaurant and boat/RV storage. Home comes with kitchen appliances, some outdoor furniture, cold spa/hot tub, 1 year home warranty, and $5000 toward your closing costs.

  Julie Endsley Gulf Realty 30A LLC

  216 Beaver Trail Dr, Freeport, FL 32439
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  /37

  $1,250,000

  • 3 Beds
  • 2.5 Baths
  • 2,250 Sq Ft

  934 Bay Grove Rd, Freeport, FL 32439

  Experience waterfront living at its best on Mallet Bayou with this beautifully maintained three-bedroom, two-and-a-half-bath home plus office offering deepwater access and a private dock, perfect for boating, fishing, and exploring Choctawhatchee Bay just minutes away. Designed for comfort and coastal living, this 2,250-square-foot residence features an open-concept layout with stunning water

  Mike Vogel Scenic Sotheby's International Realty

  934 Bay Grove Rd, Freeport, FL 32439
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  /25

  $370,000

  • 4 Beds
  • 2 Baths
  • 1,789 Sq Ft

  460 Riverwalk Cir, Freeport, FL 32439

  This move-in ready, single-story residence was constructed in 2022 and features four bedrooms, two bathrooms, and a two-car garage. Situated within the RiverWalk Community, it offers convenient access to Freeport's shopping, dining, and a short drive to the sandy-white beaches of 30A. The home offers an open-concept layout for the kitchen, living, and dining area. The kitchen is equipped with

  Mark McCoy Piper Norman Holdings LLC

  460 Riverwalk Cir, Freeport, FL 32439
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  /42

  $330,000

  • 4 Beds
  • 2 Baths
  • 1,620 Sq Ft

  477 Whispering Creek Ave, Freeport, FL 32439

  Freshly painted 4-bedroom, 2-bath home with a two-car garage, offering 1,620 sq. ft. of comfortable living in the desirable Cross Creek community in Freeport. Built in 2021 and situated on a quarter-acre lot, this home features an open-concept layout that seamlessly connects the spacious kitchen to the family room, creating an inviting flow from the entryway to the cozy back porch. The kitchen

  Maxim Sedov Keller Williams Success Realty

  477 Whispering Creek Ave, Freeport, FL 32439
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  /3

  $70,000

  • Land
  • 2 Acres
  • $35,000 per Acre

  0 Veterans Ln, Freeport, FL 32439

  ✨ Build Your Dream Home: Nearly 2 Acres of Prime Land near Golf ✨ Exceptional opportunity! Secure this gorgeous, wooded parcel spanning 2 acres on desirable JW Hollington Road. This property offers the ideal combination of space, privacy, and unparalleled convenience. The generous lot is blanketed by a beautiful mix of laurel oaks, magnolias, and pines. It boasts an easy-to-build,

  chris roberts EXP Realty LLC

  0 Veterans Ln, Freeport, FL 32439
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  /24

  $289,500

  • 3 Beds
  • 2 Baths
  • 1,276 Sq Ft

  47 Shebbi Ln, Freeport, FL 32439

  QUAINT COTTAGE - READY NOW - ALL HARDI CONSTRUCTION - Fully landscaped and fenced backyard, single car garage is finished, rear patio for relaxing. Split BR design, raised ceiling family/dining/kitchen area with recessed lighting, luxury vinyl plank flooring throughout. Quartz work island w/bar seating, white shaker style cabinets. Mud room area + laundry room! Owner's bath has walk-in closet,

  Jenny Teel Teel & Waters Real Estate Company Inc

  47 Shebbi Ln, Freeport, FL 32439
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  /62

  $697,000

  • 4 Beds
  • 3 Baths
  • 3,448 Sq Ft

  588 Windswept Blvd, Freeport, FL 32439

  Situated on the 11th hole of the Windswept Dunes Golf Course, this stately home in the coveted community of Windswept Estates offers the perfect blend of elegance, comfort, and space. Set on nearly half an acre, this single-story residence welcomes you with soaring 12-foot ceilings and an open concept design that seamlessly connects the kitchen and great room; ideal for modern living and

  Misty Mchenry Watersound Real Estate

  588 Windswept Blvd, Freeport, FL 32439
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  /14

  $115,000

  • Land
  • 0.26 Acre
  • $442,308 per Acre

  149 Palmetto Ave, Freeport, FL 32439

  Perfect spot for your new single-family residence or tiny home! This 75x149 (.26 acre) lot is located in the peaceful Magnolia Baye area of Freeport and offers public water, electric, phone, and cable available at the road, with septic needed. Enjoy quiet country living just 18 minutes from white sand beaches, 13 minutes to bay access at Alaqua Park Boat Ramp, shopping, and incredible dining

  Tamela Hayes Coldwell Banker Realty

  149 Palmetto Ave, Freeport, FL 32439
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  /29

  $289,900

  • 3 Beds
  • 2 Baths
  • 1,512 Sq Ft

  60 N Magnolia Ct, Freeport, FL 32439

  Awesome setting in Freeport, Florida at the end of a cul-de-sac. Home sits on .6+acre lot. Double insulation on all walls, floors and ceilings... Windows are all Thermal pane insulated double hung. Double carport and guest quarters (12' x 24'). Guest quarters insulated, recess lighting and acoustic ceiling tile, may be used for workshop, home-office, studio; wired for cable, has a window unit a/c

  Cerenna Solecki Cerenity By The Sea Realty Inc

  60 N Magnolia Ct, Freeport, FL 32439
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  /3

  $275,000

  • Land
  • 1.08 Acres
  • $254,630 per Acre

  43 Indian Bay Dr, Freeport, FL 32439

  If you are looking for a lot between Niceville and Freeport to build your new home, I have found your lot!

  Christine Waild On The Coast Real Estate Group

  43 Indian Bay Dr, Freeport, FL 32439
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  /11

  $220,000

  • Land
  • 1.66 Acres
  • $132,530 per Acre

  Lot 23 Brushed Dune Cir, Freeport, FL 32439

  ✨ ARE YOU READY-TO-BUILD? 1.66 ACRE HOMESITE in Coveted Windswept Estates!Discover the ultimate Florida lifestyle opportunity in Windswept Estates, a premier, gated golf course community. This generously sized 1.66-acre homesite provides the perfect canvas for your custom residence, all while being just a scenic 20-minute drive from the breathtaking beaches of the Gulf. Residents of

  Cindy Jefcoat The Agency Northwest Florida Beaches

  Lot 23 Brushed Dune Cir, Freeport, FL 32439
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  /23

  $99,250

  • Land
  • 0.26 Acre
  • $381,731 per Acre

  53 Sun Bear Cir, Freeport, FL 32439

  .25 acre lot in the desirable Bear Creek community of Freeport is now offered under $100K! Located at 53 Sun Bear Circle, this property offers flexibility for a buyer to build now or hold as an investment. House plans are available (not yet HOA approved), and the sellers are willing to guide a buyer through the approval process or even contract to build the plans if desired. Bear Creek is one of

  Alexandra Caudill Rosemary Beach Realty LLC

  53 Sun Bear Cir, Freeport, FL 32439
• 

  

  /23

  $99,250

  • Land
  • 0.26 Acre
  • $381,731 per Acre

  Lot 7 W Grizzly St, Freeport, FL 32439

  .25 acre lot in the desirable Bear Creek community of Freeport is now offered under $100K! Located at 7 GrizzlY Street, this property offers flexibility for a buyer to build now or hold as an investment. House plans are available (not yet HOA approved), and the sellers are willing to guide a buyer through the approval process or even contract to build the plans if desired. Bear Creek is one of

  Alexandra Caudill Rosemary Beach Realty LLC

  Lot 7 W Grizzly St, Freeport, FL 32439
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  /43

  $375,000

  • 4 Beds
  • 2 Baths
  • 2,062 Sq Ft

  58 Eunola Ln, Freeport, FL 32439

  Unlock the door to endless possibilities in this stunning 4-bedroom, 2-bathroom residence in Freeport's highly coveted Ashton Park neighborhood, ready for immediate occupancy. With 2,062 sq. ft. of modern living space, the open concept design offers the perfect blend of style and functionality. The gourmet kitchen is equipped with sleek granite countertops and stainless steel appliances, perfect

  Charles Middleton Keller Williams Realty Destin

  58 Eunola Ln, Freeport, FL 32439
• 

  

  /18

  $319,000

  • 3 Beds
  • 2 Baths
  • 1,487 Sq Ft

  96 Sweetthorn St, Freeport, FL 32439

  READY TO MOVE IN! Sprinkler system in place and refrigerator included. Smart open floorplan with Luxury Vinyl Plank flooring in main areas and granite countertops throughout. Master bath offers a double vanity sink, tub and separate shower along with a large closet. Rear entry 2-car garage. Owl's Head East offers walking paths, spring fed lake and convenience to grocery, shopping, entertainment

  Steve Brown Keller Williams Realty Destin

  96 Sweetthorn St, Freeport, FL 32439
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  /4

  $210,000

  • 3 Beds
  • 2 Baths
  • 1,717 Sq Ft

  802 Marquis Way, Freeport, FL 32439

  Foreclosure Auction Ends November 17, 2025 at 12:00 PM EST. Discover this inviting 3-bedroom, 2-bathroom home nestled in a quiet Freeport neighborhood. Sold As-is. Explore more details and submit your bid through Federa Home App.

  Jamie Boone Federa

  

  802 Marquis Way, Freeport, FL 32439
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  /32

  $249,000

  • Land
  • 0.44 Acre
  • $565,909 per Acre

  Lot 90 W Perseverance Point, Freeport, FL 32439

  BUILD YOUR DREAM HOME ON THIS .44 ACRE LOT IN THE WATERFRONT COMMUNITY, STEAMBOAT LANDING IN HAMMOCK BAY. (Plans avail) Bayside living at its finest! This lot backs up to the wooded, permanent conservation preserve. Easy access to stroll the boardwalk to the new clubhouse on the bay. Steamboat Landing includes a 500 ft long dock jutting westward into Choctawhatchee Bay w/ stunning sunsets

  Beth Jones Hammock Bay

  Lot 90 W Perseverance Point, Freeport, FL 32439
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  /14

  $219,000

  • Land
  • 2 Acres
  • $109,500 per Acre

  TBD County Highway 3280, Freeport, FL 32439

  INCREDIBLE WATERFRONT OPPORTUNITY! Zoned GENERAL COMMERCIAL! Live along majestic Black Creek or build your waterfront business. Amazing location in unincorporated Freeport, east of 331! Unlike many waterways in the area, Black Creek is both navigable for large boats and yet very peaceful without major boat traffic. Build your country retreat or business and waterfront dock only 25 minutes from

  Ricky Fannin & Ethan Morrison HomeBiz Properties

  TBD County Highway 3280, Freeport, FL 32439
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  /36

  $385,000

  • 3 Beds
  • 2 Baths
  • 1,616 Sq Ft

  266 Partridge Ln, Freeport, FL 32439

  Tucked away at the end of a peaceful cul-de-sac in the desirable Cross Creek community, this charming 3-bedroom, 2-bath home offers a separate parking area on the side of the home, ideal for an RV or boat. The hookups are there for one lucky buyer pending HOA approval and fencing. You'll find both comfort and space on one of the largest lots in the neighborhood. Inside, the bright and inviting

  Jeremy Mertens Watersound Real Estate

  266 Partridge Ln, Freeport, FL 32439
• 

  

  /32

  $625,000

  • 3 Beds
  • 2 Baths
  • 2,641 Sq Ft

  440 Gentle Wind Ct, Freeport, FL 32439

  3.5% assumable mortgage available! Welcome to 440 Gentle Wind Court—an exceptional 2,641 sq. ft. home custom-built by Windswept Dream Homes, offering timeless craftsmanship and modern comfort. Situated on a beautifully landscaped .64-acre lot in the gated Windswept Estates, this residence combines high-quality construction, stylish finishes, and expansive outdoor space for a truly elevated living

  Judy Griffin Coastal Villages Real Estate

  440 Gentle Wind Ct, Freeport, FL 32439
• 

  

  /13

  $350,000

  • Land
  • 0.48 Acre
  • $729,167 per Acre

  Lot 25 E Bayou Forest Dr, Freeport, FL 32439

  Experience the beauty of bayfront living with this exceptional 0.48-acre waterfront lot on the serene shores of Choctawhatchee Bay. Offering breathtaking views and direct access to the water, this property is a rare opportunity to build your dream home or vacation retreat in one of the most sought-after coastal areas. Property has permits already to build a dock on water. Whether you're drawn to

  Jeannette LaPrade Coldwell Banker Realty

  Lot 25 E Bayou Forest Dr, Freeport, FL 32439
• 

  

  /11

  $299,000

  • Land
  • 2.01 Acres
  • $148,756 per Acre

  2 acres Joe Dugger Rd, Freeport, FL 32439

  Bring your BUILDER!!! Beautiful level, high & dry 2-acre homesites in a New 12-home community. Pretty four-board stained fence along the entrance road. Adjacent to a new orchard with apple & peach trees, blueberries, and flowers. Plenty of room for a workshop, boat parking, or outdoor entertaining. Enjoy this opportunity to build on 2 acres just 20 minutes to Blue Mountain Beach and 25 minutes to

  Shelby Rochester Scenic Sotheby's International Realty

  2 acres Joe Dugger Rd, Freeport, FL 32439
• 

  

  /37

  $210,000

  • 2 Beds
  • 2.5 Baths
  • 1,174 Sq Ft

  15284 331 Business Unit 12E, Freeport, FL 32439

  Discover Comfort and Convenience in The Palms of FreeportLocated just 15 miles from the sugar-white sands of Grayton Beach, The Palms of Freeport offers an ideal blend of coastal proximity and everyday convenience. This quiet, well-maintained community is close to schools, shopping, and local restaurants, making it a great place to call home. This beautifully updated 2-bedroom, 2.5-bath

  Hope Johnson Keller Williams Realty Destin

  15284 331 Business Unit 12E, Freeport, FL 32439
• 

  

  /4

  $199,999

  69 Club House Dr W, Freeport, FL 32439

  Beautiful gated community of Windswept Estates surrounded by Windswept Dunes Golf Course! Just 20 minutes to the white-sand beaches of Santa Rosa and Destin. This spacious .49-acre lot features a wooded backyard, landscaping, partial fencing, shallow well, septic, and an in-ground gunite pool with brick pavers. CMU slab foundation and in-ground propane tank in place. Includes engineered home

  Megan Powell Panhandle Realty LLC

  69 Club House Dr W, Freeport, FL 32439

Showing Results 121 - 160, Page 4 of 17