Laguna Beach, FL Homes for Sale with No HOA Fee

• 

  

  

  /68

  $2,350,000

  • 3 Beds
  • 4 Baths
  • 2,256 Sq Ft

  209 Dune Crest Ln, Panama City Beach, FL 32413

  This southern cottage-style beach house, masterfully designed by renowned AIA architect Gary Justiss, is nestled in the serene, private gated community of Carillon Beach. Offering a blend of exclusive privacy and contemporary elegance, this home offers an unmatched living experience near the sea. The house boasts three nicely appointed bedrooms and four baths, providing ample space for family and

  Frances Bright Carillon Realty Inc

  209 Dune Crest Ln, Panama City Beach, FL 32413
• 

  

  

  /43

  $535,000

  • 3 Beds
  • 3 Baths
  • 1,244 Sq Ft

  23223 Front Beach Rd Unit 702, Panama City Beach, FL 32413

  Pinnacle Port is a 25 acre Sanctuary located at the far West end of Panama City Beach just a short drive from Hwy 30A. It incorporates the Coastal Living Lifestyle with wonderful amenities including1/4 mile of pristine gulf frontage, two pools, four tennis courts, several shuffleboard courts, steam rooms, saunas, exercise room, grills, basketball, playground, kayak rentals, fishing docks, boat

  Drew Auker Keller Williams Realty Emerald Coast

  23223 Front Beach Rd Unit 702, Panama City Beach, FL 32413
• 

  

  

  /65

  $1,340,000

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

  318 El Prado Place, Panama City Beach, FL 32413

  Welcome to 318 El Prado Place - a fully furnished, turnkey 4BR/3BA home in Panama City Beach, FL, recently named TripAdvisor's #1 Summer Vacation Destination for 2025. This spacious retreat features open-concept living with light-filled rooms, luxury finishes, and a private backyard with pool and patio—perfect for relaxing or entertaining. Ideally located in a quiet residential enclave just

  Angela Cummins Linda Miller Real Estate LLC

  318 El Prado Place, Panama City Beach, FL 32413
• 

  

  

  /10

  $85,000

  • Land
  • 0.07 Acre
  • $1,214,286 per Acre

  470 Paradise Blvd, Panama City Beach, FL 32413

  Don't miss the opportunity to build your dream beach home in the non-short-term rental community of Paradise Grove. This cleared, build-ready lot is located in a charming neighborhood of cottage style homes with covenants and restrictions, including a two year build-out requirement, preserving community value. Paradise Grove offers a gated entrance, well-maintained common areas, and a community

  Renee Ryan Christies International Real Estate Emerald Coast

  470 Paradise Blvd, Panama City Beach, FL 32413
• 

  

  

  /61

  $4,950,000

  • 6 Beds
  • 6.5 Baths
  • 3,878 Sq Ft

  19989 Front Beach Rd Unit A, Panama City, FL 32413

  CONTACT LISTING AGENT TO DISCUSS NEW HUGE SELLER INCENTIVES BEING OFFERED. Welcome to beachfront luxury! ''Emerald Dream'' is a superbly constructed 6-bedroom, 6.5-bathroom home features high-end finishes and custom touches throughout. The open-concept kitchen showcases elegant fixtures and ample seating, flowing seamlessly into a spacious living area with breathtaking ocean views. Each bathroom

  BRYAN KIEFER Holiday Beach Real Estate Inc

  19989 Front Beach Rd Unit A, Panama City, FL 32413
• 

  /2

  $2,300,000

  • Land
  • 0.28 Acre
  • $8,214,286 per Acre

  21611 Front Beach Rd, P C Beach, FL 32413

  Rare gulf front lot opportunity in the rapidly rising West End section of Panama City Beach. Less than 1.4mi from Carillon Beach and less than 2.75mi from Walton Co. line. All the benefits of proximity without the over crowding and at a significant pricing discount to SoWal and even Carillon. La Valencia is a well established subdivision with architectural standards and consistent high quality

  Patrick Jones NAI TALCOR

  21611 Front Beach Rd, P C Beach, FL 32413
• 

  

  /31

  $353,900

  • 1 Bed
  • 2 Baths
  • 887 Sq Ft

  23223 Front Beach Rd Unit A-737, Panama City Beach, FL 32413

  $25,000 Price adjustment! This absolutely stunning, fully upgraded, two-story Gulf-front unit at Pinnacle Port will be worth your time! With an idyllic elevated position (8th floor), the living area faces West, gifting you breathtaking sunsets all year long, while the dining area and master bedroom offer equally amazing views of gorgeous Lake Powell.This isn't just a unit; it's an experience.

  Kat Tomlinson Top Producers Real Estate Group

  23223 Front Beach Rd Unit A-737, Panama City Beach, FL 32413
• 

  

  /29

  $449,000

  • 2 Beds
  • 2 Baths
  • 666 Sq Ft

  208 3rd St Unit 1-2, Panama City Beach, FL 32413

  Charming low maintenance beach cottage ready for you, your family and friends to make a lifetime of memories. The home has a newer raised seamless metal roof. There is a 10' recorded easement on the south side of 208 3rd St to access the home. The owner of 208 3rd Street does not rent his home so access is not an issue. Also the owner of 208 3rd Street parks in front of his home. There is

  Buddy King Beach King Realty

  208 3rd St Unit 1-2, Panama City Beach, FL 32413
• 

  

  /64

  $999,000

  • 3 Beds
  • 3 Baths
  • 2,228 Sq Ft

  104 Derondo St, Panama City Beach, FL 32413

  Location, location, location—because that's what makes 104 Derondo Street a true coastal gem. Nestled just minutes from the charm of 30A beach towns and the vibrant energy of Panama City Beach, this beachside retreat sits in a peaceful pocket just steps from a serene public beach access. Imagine mornings filled with the sound of waves and evenings with uninterrupted views of the sunset over the

  Claire Newton Counts Real Estate Group Inc

  104 Derondo St, Panama City Beach, FL 32413
• 

  

  /51

  $1,500,000

  • 5 Beds
  • 5 Baths
  • 2,783 Sq Ft

  19906 Front Beach Rd, Panama City Beach, FL 32413

  Beach house with stunning views of the gulf and beach. This three story home features 5 bedrooms and 5 baths. It is a rental machine generating six figure rental income. There is a community pool behind the house. Garage has been transformed into a game room. There bunk room on main level to accommodate large groups. The exterior has a fresh coat of paint.

  The Emerald Coastal Team Counts Real Estate Group Inc

  19906 Front Beach Rd, Panama City Beach, FL 32413
• 

  

  /56

  $1,999,999

  • 5 Beds
  • 4.5 Baths
  • 3,257 Sq Ft

  219 E Lakeshore Dr, Panama City Beach, FL 32413

  Located in the heart of Laguna Beach, this beautifully designed property sits on one of the largest lots on the west end of Panama City Beacha€”just a 5-minute walk to the beach and the iconic Thomas Donut & Snack Shop. With no HOA and access to Laguna Beach's exclusive stretch of stunning coast, this home offers the ultimate coastal lifestyle. The main home features 4 spacious bedrooms,

  Jacqueline Luberto Realty ONE Group Emerald Coast

  219 E Lakeshore Dr, Panama City Beach, FL 32413
• 

  

  /48

  $730,000

  • 4 Beds
  • 4.5 Baths
  • 2,088 Sq Ft

  142 Southfields Rd, Panama City Beach, FL 32413

  Tucked into the quiet Bella Costa community on the west end of Panama City Beach, this fully furnished 4-bedroom, 4-bathroom villa delivers coastal comfort just minutes from everything the area offers. With over 2,000 square feet of well-planned living space, this property easily accommodates groups of up to 14 and includes a one-car garage plus two additional parking spaces. Inside, the layout

  The Wheeler Sauls Collective Salty Marlin Realty LLC

  142 Southfields Rd, Panama City Beach, FL 32413
• 

  

  /27

  $399,000

  • 2 Beds
  • 2.5 Baths
  • 983 Sq Ft

  23223 Front Beach Rd Unit A-528, Panama City Beach, FL 32413

  Escape to the coast with this charming 2-bedroom, 2.5-bath townhome-style condo in the sought-after gated community of Pinnacle Port. With 983 square feet of thoughtfully designed space, this fully furnished unit offers tile flooring downstairs, luxury vinyl plank upstairs, and a functional layout perfect for relaxing or hosting. Both bedrooms and two full bathrooms are located upstairs, while

  Carole Lea Gilman Keller Williams Realty Emerald

  23223 Front Beach Rd Unit A-528, Panama City Beach, FL 32413
• 

  

  /45

  $539,000

  • 3 Beds
  • 3 Baths
  • 1,244 Sq Ft

  23223 Front Beach Rd Unit A703, Panama City Beach, FL 32413

  *Designated Parking Spot* Experience the best of both worlds — lake and Gulf — in this fully renovated 3-bedroom, 3-bath condo at the highly sought-after Pinnacle Port. With breathtaking views of both the Gulf of Mexico and the rare coastal dune lake, Lake Powell, this beautifully updated unit offers a truly unique setting for coastal living. Step inside to discover a completely modernized

  Kristen Barr Counts Real Estate Group Inc

  23223 Front Beach Rd Unit A703, Panama City Beach, FL 32413
• 

  

  /39

  $1,145,000

  • 4 Beds
  • 4 Baths
  • 2,540 Sq Ft

  21518 Front Beach Rd, Panama City Beach, FL 32413

  Wake to breathtaking Gulf sunrises from the private primary suite balcony and enjoy effortless sunset beach walks just across the street. This upscale coastal residence offers 4 bedrooms and 4 bathrooms, each enhanced with custom plantation shutters. Designed for refined living and exceptional flexibility, the home features a private guest quarters with approximately 500 sq ft of living space,

  Brandie Allon Coastal Palms Real Estate

  21518 Front Beach Rd, Panama City Beach, FL 32413
• 

  

  /35

  $475,000

  • 1 Bed
  • 1.5 Baths
  • 950 Sq Ft

  19504 Front Beach Rd Unit 1006, Panama City Beach, FL 32413

  Emerald Shores Unit 1006 - Gulf-Front Condo in Laguna Beach, West End of Panama City Beach! Experience unparalleled Gulf-front living in this beautifully updated, fully furnished 1-bedroom, 1.5-bath condo at Emerald Shores. Nestled on the first floor, this beachfront retreat offers unobstructed views of the Gulf of Mexico from the open-concept living and dining areas, creating a serene coastal

  Rachel Warrell eXp Realty, LLC

  19504 Front Beach Rd Unit 1006, Panama City Beach, FL 32413
• 

  

  /53

  $1,449,000

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

  115 Cottage Ct, Panama City Beach, FL 32413

  Welcome to 115 Cottage Court, YOUR COASTAL DREEAM HOME WITH GUARENTEED INCOME!Are you looking for a beach escape that works for you, even when you're not there? Look no further than this beautifully designed three-story coastal gem that's as charming as it is functional. Situated in a sought-after beachfront community, this property isn't just a home; it's an investment opportunity with an

  Team Don and Bubba EXP Realty LLC

  115 Cottage Ct, Panama City Beach, FL 32413
• 

  

  /32

  $595,000

  • 3 Beds
  • 2 Baths
  • 1,528 Sq Ft

  21506 Dolphin Ave, Panama City Beach, FL 32413

  PRICE IMPROVEMENT on this spectacular money maker! AND one of the only homes in this area with a pool. West End Vacation Rental with Proven Income. Seller will put on a new roof and new HVAC with acceptable offer. This turn-key property on Panama City Beach's coveted West End delivered over $72,000 in rental revenue in 2025, presenting a compelling investment opportunity. Its desirable location

  Carrie Redd Beachy Beach Real Estate

  21506 Dolphin Ave, Panama City Beach, FL 32413
• 

  

  /30

  $844,000

  • 4 Beds
  • 4 Baths
  • 2,404 Sq Ft

  201 Circle Dr, Panama City Beach, FL 32413

  This home truly checks all the boxes—ideal as a beach getaway, investment property, or affordable first home. Located just steps from the beach and minutes from Pier Park, Topgolf, and Pirates Voyage, the location can't be beat. Situated in a gated community with a community pool, nearby walking trails, and a top beach gym within walking distance. Inside, enjoy tile flooring with carpeted

  Brandie Allon Coastal Palms Real Estate

  201 Circle Dr, Panama City Beach, FL 32413
• 

  

  /6

  $298,000

  • Land
  • 0.13 Acre
  • $2,292,308 per Acre

  228 Magnolia Dr, Panama City Beach, FL 32413

  Discover Coastal Bliss in Laguna Beach, Florida!Welcome to 228 Magnolia in Laguna Beach, a charming coastal gem nestled along Florida's stunning Emerald Coast. Just over two miles west of Panama City Beach, this picturesque town boasts pristine, sugar-white sand beaches and a welcoming atmosphere perfect for relaxation and adventure. This is a prime location to build your coastal dream

  Linda Miller Linda Miller Real Estate LLC

  228 Magnolia Dr, Panama City Beach, FL 32413
• 

  

  /110

  $2,760,000

  • 8 Beds
  • 10 Baths
  • 4,968 Sq Ft

  20724 1st Ave, Panama City Beach, FL 32413

  Priced below current appraisal! Will divide and sell the west side separate. This Brand New Construction duplex with professional interior designs provides relaxing and charming ambience located a block from Beach Access 84 and 5 miles to extraordinary 30A with matching floor plans on each side. You can live in one side and either offer the other side as a short term vacation rental or long term

  Buddy King Beach King Realty

  20724 1st Ave, Panama City Beach, FL 32413
• 

  

  /18

  $880,000

  • Land
  • 0.18 Acre
  • $4,888,889 per Acre

  501 Beachside Gardens, Sunnyside, FL 32413

  LOCATION, LOCATION, LOCATION This is where you want to be, on the quiet east side of Carillon Beach. BEACH - Step out of your future home, cross the circle and enter the short path to Beach Walkover #8 in less than a minute. This corridorwill allow a view of the Gulf from your home. POOL The East Side heated pool and Lake Carillon are only one house away. ALL OTHER CARILLONAMENITIES - in

  Frances Bright Carillon Realty Inc

  501 Beachside Gardens, Sunnyside, FL 32413
• 

  

  /12

  $795,000

  • Land
  • 0.14 Acre
  • $5,678,571 per Acre

  163 Parkshore Dr, Panama City Beach, FL 32413

  Large lot, across the street from Lake Powell lots and two lots off the Gulf of Mexico. This lot can accommodate a two story house with a tower and a two story guest house.

  Frances Bright Carillon Realty Inc

  163 Parkshore Dr, Panama City Beach, FL 32413
• 

  /2

  $3,250,000

  • Land
  • 0.32 Acre
  • $10,156,250 per Acre

  19983 Front Beach Rd, Panama City Beach, FL 32413

  Looking for land to build that new beach house, on the most desirable West End of Panama City Beach, you just found it This property was the old Pineapple Hotel, and it was torn down and replotted for 4 new Gulf Front Lots. This is the West End Lot. (19983 Front Beach Road) Each Lot is approximately 230' deep and 60' wide, and the seller will provide a platted and approved 4-story house plans and

  Bill Thomas Beach Time Realty, Inc

  19983 Front Beach Rd, Panama City Beach, FL 32413
• 

  /2

  $259,900

  • Land
  • 0.2 Acre
  • $1,299,500 per Acre

  346 Palm Dr, Panama City Beach, FL 32413

  Vacant lot in the highly desirable Laguna Beach area on the West End of Panama City Beach offering an excellent opportunity to build just minutes from the Gulf of Mexico. This oversized 80' × 110' homesite provides additional width rarely found in the area, allowing greater flexibility for building a custom home or potential duplex. The property is zoned R-2 in Bay County, which allows for the

  Beth Mulvey Beach House Sales and Development

  346 Palm Dr, Panama City Beach, FL 32413
• 

  /2

  $650,000

  • Land
  • 0.21 Acre
  • $3,095,238 per Acre

  430 Lakefront Dr, Panama City Beach, FL 32413

  Large wooded lot across from Lake Carillon. This lot affords the opportunity to build a larger and taller main house and guest house than other lots in Carillon Beach because of it's size. We are running out of lots - don't miss this great one!

  Frances Bright Carillon Realty Inc

  430 Lakefront Dr, Panama City Beach, FL 32413
• 

  /2

  $3,995,000

  • Land
  • 0.64 Acre
  • $6,242,188 per Acre

  LOT Z-1 Beachside Dr, Panama City Beach, FL 32413

  Lot 1 has 49 linear feet on the Gulf of Mexico and is approximately 567 deep. Lot to be sold by metes and bounds. This is an exceptionally deep lot and will be allowed to have a house and guest/carriage house larger and taller than similar Carillon Beach lots (62' tall instead of 55' from sea level for main house roof peak). This lot is a great opportunity to build your dream beach home with

  Frances Bright Carillon Realty Inc

  LOT Z-1 Beachside Dr, Panama City Beach, FL 32413
• 

  /2

  $3,995,000

  • Land
  • 0.64 Acre
  • $6,242,188 per Acre

  000, Z-1 Beachside Dr, Panama City Beach, FL 32413

  Lot 1 has 49 linear feet on the Gulf of Mexico and is approximately 567.5 deep. Lot to be sold by metes and bounds. This is an exceptionally deep lot and will be allowed to have a house and guest/carriage house larger and taller than similar Carillon Beach lots (62' tall instead of 55' from sea level for main house roof peak). This lot is a great opportunity to build your dream beach home with

  Frances Bright Carillon Realty Inc

  000, Z-1 Beachside Dr, Panama City Beach, FL 32413
• 

  /2

  $80,900

  • Land
  • 0 Acre

  416 Paradise Blvd, Panama City Beach, FL 32413

  Alex Barton Beachy Beach Real Estate

  416 Paradise Blvd, Panama City Beach, FL 32413
• 

  

  /50

  $732,225 New Construction

  • 5 Beds
  • 4.5 Baths
  • 2,230 Sq Ft

  18921 Charles Claude Dr, Panama City Beach, FL 32413

  Welcome to the Rosemary floor plan! The Rosemary features five bedrooms, four and a half bathrooms and spans across 2233 square feet. As you make your way into the home, the foyer leads you into the opec concept living and dining area. Off of the foyer is access to the one car garage and pantry. The kitchen features a large center island and ample counter space, perfect for entertaining. The

  Holland Homes Builder

  18921 Charles Claude Dr, Panama City Beach, FL 32413
• 

  

  /84

  $789,900 New Construction

  • 5 Beds
  • 4.5 Baths
  • 2,230 Sq Ft

  19905 Charles Claude Dr, Panama City Beach, FL 32413

  Welcome to the Rosemary floor plan! The Rosemary features five bedrooms, four and a half bathrooms and spans across 2233 square feet. As you make your way into the home, the foyer leads you into the opec concept living and dining area. Off of the foyer is access to the one car garage and pantry. The kitchen features a large center island and ample counter space, perfect for entertaining. The

  Holland Homes Builder

  19905 Charles Claude Dr, Panama City Beach, FL 32413
• 

  

  /42

  $539,000 New Construction

  • 4 Beds
  • 2 Baths
  • 1,750 Sq Ft

  515 Pinetree Dr, Panama City Beach, FL 32413

  Just completed in 2025, 515 Pine Tree Drive brings fresh coastal living to Panama City Beach with 4 bedrooms, 2 bathrooms, and 1,750 sq ft of thoughtfully designed space, ready for full-time living, a vacation retreat, or a high-performing short-term rental.Step inside and the details speak for themselves: soaring 8' interior doors, wide-plank flooring throughout the open-concept layout, and

  Peyton Saluto EXP Realty LLC

  515 Pinetree Dr, Panama City Beach, FL 32413
• 

  

  /67

  $680,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,609 Sq Ft

  529 Christmas Tree Ln, Panama City Beach, FL 32413

  MOTIVATED SELLERSBEACH RETREAT ALERT! New hot tub and deck, Polywood outdoor furniture. Looking for the perfect coastal getaway or a smart investment? This stunning 3-bed, 2-bath home in Panama City Beach's highly sought-after West End is larger than many new builds at 1,581 sq. ft.—plus, it comes with a 2-car garage! Short-term rental approved—use as a second home & generate income! Just

  Beth Jones Blue Swell Realty

  529 Christmas Tree Ln, Panama City Beach, FL 32413
• 

  

  /35

  $845,000 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,530 Sq Ft

  218 16th St, Panama City Beach, FL 32413

  Introducing a brand new coastal build home on 16th Street in Panama City Beach. Just a short walk to the sugar white sand and emerald waters. This 3 bedroom, 2.5 bath home is designed with elevated finishes throughout, including custom cabinetry, quartz kitchen countertops, and 9 foot ceilings that create a bright, open feel. Outside, enjoy your own private 10x20 pool, a paver driveway, and a

  Cyndi Wilkinson Rosemary Beach Realty LLC

  218 16th St, Panama City Beach, FL 32413
• 

  

  /43

  $739,900 New Construction

  • 3 Beds
  • 3 Baths
  • 1,528 Sq Ft

  21604 Dolphin Ave, Panama City Beach, FL 32413

  Welcome to 21604 Dolphin Ave, located in Sunnyside on the West end of Panama City Beach. This quaint, beautifully crafted, brand-new construction offers the perfect blend of modern design and durability. Featuring 3 bedrooms, 3 bathrooms (each bedroom having its own ensuite) and a single-car garage, this thoughtfully designed property is ideal as a primary residence, vacation home, or

  Carrie Routt Keller Williams Success Realty

  21604 Dolphin Ave, Panama City Beach, FL 32413
• 

  

  /19

  $4,750,000 New Construction

  • 6 Beds
  • 7.5 Baths
  • 4,151 Sq Ft

  157 Parkshore Dr, Panama City Beach, FL 32413

  Situated on one of the largest homesites in the gated community of Carillon Beach, this exceptional pre-construction luxury custom home offers views of the Gulf and stunning views of Lake Powell, one of the world's rare and protected Coastal Dune Lakes. Designed by renowned architect J. Michael Hunnicutt and to be built by Grand Bay Construction, a respected builder known for quality

  Cheryl Amari Keller Williams Realty Emerald

  157 Parkshore Dr, Panama City Beach, FL 32413
• 

  

  /75

  $1,399,000 New Construction

  • 6 Beds
  • 5 Baths
  • 2,700 Sq Ft

  21403 Sunset Ave, Panama City Beach, FL 32413

  Brand new house , only one in West end of Panama City Beach with 6 bedrooms , fully furnished and decorated by famous design studio. Introducing a stunning brand-new two-story home in the highly sought-after west end of Panama City Beach, perfect for a residence or an exceptional vacation rental opportunity. Literally one house on the block connected to City sewer, no septic tank hassle!This

  Vladimir Tamarovych Prok Invest LLC

  21403 Sunset Ave, Panama City Beach, FL 32413
• 

  

  /50

  $732,225 New Construction

  • 5 Beds
  • 4.5 Baths
  • 2,230 Sq Ft

  The Rosemary Plan at The Cottages at Laguna - Cottages at Laguna, Panama City Beach, FL 32413

  Welcome to the Rosemary floor plan! The Rosemary features five bedrooms, four and a half bathrooms and spans across 2233 square feet. As you make your way into the home, the foyer leads you into the opec concept living and dining area. Off of the foyer is access to the one car garage and pantry. The kitchen features a large center island and ample counter space, perfect for entertaining. The

  Holland Homes Builder

  19905 Charlie Claude Dr Unit 36488021, Panama City Beach, FL 32413
• 

  

  /129

  $2,750,000 New Construction

  • 8 Beds
  • 10 Baths
  • 4,968 Sq Ft

  20724 1st Ave, Panama City Beach, FL 32413

  Priced below current appraisal! Will divide and sell the west side separate. This Brand New Construction duplex with professional interior designs provides relaxing and charming ambience located a block from Beach Access 84 and 5 miles to extraordinary 30A with matching floor plans on each side. You can live in one side and either offer the other side as a short term vacation rental or long term

  Buddy King Beach King Realty

  20724 1st Ave, Panama City Beach, FL 32413
• 

  /2

  $489,675 New Construction

  • 3 Beds
  • 2 Baths
  • 1,750 Sq Ft

  281 N Wells St, Panama City Beach, FL 32413

  Brand new construction in Laguna Haven, a gated community located on the popular west end of Panama City Beach, offering excellent potential for both short-term and long-term rental income. This thoughtfully designed 3 bedroom, 2 bath home features modern finishes, energy-efficient construction, and low-maintenance living making it an ideal investment opportunity, second home, or excellent

  Marina Grigoryan Coldwell Banker Realty

  281 N Wells St, Panama City Beach, FL 32413

Showing Results 201 - 240, Page 6 of 7