New Construction Homes for Sale in Comal County, TX

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  /9

  $159,999 Lot/Land

  183 Northridge, New Braunfels, TX 78132

  • 1.29 Acres
  • $124,030 per Acre

  ***VIEWS VIEWS VIEWS***. Gorgeous 1+ acre lot in highly desirable River Chase Subdivision!! This lot has plenty of oaks and boasts a natural drainage area behind it for even more privacy. Easy access from community entrance and once you get home enjoy an awesome view of the hill country from your back patio. This lot is sloped downward from front to back and is ready for your dream home! Fiber,

  

  Derek Slafka

  Anders Pierce Realty, LLC

  (830) 202-5984

  183 Northridge, New Braunfels, TX 78132
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  /19

  $45,000 Lot/Land

  TBD Irene Dr, Canyon Lake, TX 78133

  • 10,062 Sq Ft
  • $194,805 per Acre

  Owner Financing available. This prime Canyon Lake lot is ready for you to make it your own! With mature oak trees providing natural beauty and shade, and a flat terrain that's perfect for construction, this property is the ideal spot for your future home or vacation getaway. Building restrictions, minimum is only 500 sq. ft. Lot next door is for sale as well by same owner. Key Features: Mature

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 623-6518

  TBD Irene Dr, Canyon Lake, TX 78133
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  /15

  $239,900 Lot/Land

  1043 Summit Bluff, Canyon Lake, TX 78133

  • 2 Acres
  • $119,950 per Acre

  BEING SOLD WITH ADJACENT LOT, 1059 SUMMIT BLUFF. This serene dual-lot property is nestled in the quiet community of Hillcrest Estates, with limited deed restrictions and NO HOA!! Property is beautifully adorned with mature oak trees, a seasonal creek and a potential stock pond. Although you can build wherever your heart desires, there is a designated area that has been cleared - and ready for

  

  Allison Tremblay

  LPT Realty, LLC

  (727) 642-9075

  1043 Summit Bluff, Canyon Lake, TX 78133
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  $2,540,000 Lot/Land

  100 ACRES N Cranes Mill Rd, Canyon Lake, TX 78133

  • 99.68 Acres
  • $25,482 per Acre

  Experience Hidden Hills Ranch for Yourself! Discover the beauty of Hidden Hills Ranch-a spectacular 99.68-acre ranch and homesite located just 2 miles north of Canyon Lake in Comal County, Texas. Enjoy easy access to San Antonio, New Braunfels, Austin, Canyon Lake, and the rest of the Texas Hill Country. The hilltop has been partially cleared, and a new water well is already in place. From here,

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 229-1849

  100 ACRES N Cranes Mill Rd, Canyon Lake, TX 78133
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  $49,000 Lot/Land

  273 Scenic Dr, Canyon Lake, TX 78133

  • 13,242 Sq Ft
  • $161,184 per Acre

  Beautiful 0.30 acre lot in Canyon Lake Hills. Huge Oak trees, seconds from boat ramp, with easy access to New Braunfels, San Antonio, and Texas Hill Country fun. Come build your vacation, investment, or forever home here.

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 376-7634

  273 Scenic Dr, Canyon Lake, TX 78133
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  /9

  $40,000 Lot/Land

  183 Palm, Canyon Lake, TX 78070

  • 9,147 Sq Ft
  • $190,476 per Acre

  Set on .21 acres in Cypress Cove, this Hill Country tract offers the space, privacy, and topography buyers are looking for when building a home that stands out. The natural slope creates an opportunity for an elevated homesite, taking advantage of long-range views and added seclusion. Mature hardwoods and native cedar provide a strong natural backdrop, while the depth of the lot allows

  

  David Hughes

  eXp Realty

  (830) 356-7556

  183 Palm, Canyon Lake, TX 78070
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  $86,000 Lot/Land

  1078 Madrone Rd, Canyon Lake, TX 78623

  • 1.08 Acres
  • $79,630 per Acre

  Are you ready to build your dream home here in the Texas Hill Country? Are you looking for sweeping Hill Country views? Then you found it! This one acre lot in the desirable Legends at Rancho Del Lago is waiting for you to make it home. This community is architecturally controlled, with very reasonable building restrictions, casitas, pools, and workshops allowed. The same owner is selling the lot

  

  Ashley Lomas

  Keller Williams Realty

  (830) 549-6840

  1078 Madrone Rd, Canyon Lake, TX 78623
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  $84,500 Lot/Land

  865 Rutherford, Fischer, TX 78623

  • 1.03 Acres
  • $82,039 per Acre

  Rare opportunity for a corner lot in the gated community: The Legends at Fischer. This level lot is covered with beautiful mature trees and natural privacy from them. Current Owner is an experienced builder with 2 sets of plans available, already HOA approved, for you to use if you are interested. Electric improvements include 300-amp service metered on the pole already in place for future

  

  Ashley Lomas

  Keller Williams Realty

  (830) 356-4795

  865 Rutherford, Fischer, TX 78623
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  $95,000 Lot/Land

  311 Toucan Dr, Spring Branch, TX 78070

  • 1.02 Acres
  • $93,137 per Acre

  Great opportunity to own a level homesite in the sought-after Mystic Shores community! Take in breathtaking Hill Country views and vibrant sunsets from this spacious lot, nestled in a quiet and fast-growing part of Canyon Lake. You'll love the peaceful surroundings—quiet roads, clear night skies, and frequent visits from local deer. Mystic Shores is known for its outstanding amenities, including

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 271-6574

  311 Toucan Dr, Spring Branch, TX 78070
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  $745,000 Lot/Land

  1914 Paradise Pkwy, Canyon Lake, TX 78133

  • 4 Acres
  • $186,250 per Acre

  Welcome to a rare chance to own a 4 acre lot in the exclusive Paradise on the Guadalupe subdivision. Located in a gated community with multi-million-dollar homes, this prime real estate offers an ideal setting for your custom dream home. Surrounded by the natural beauty of the Texas Hill Country and near the pristine Canyon Lake area. The generous lot size allows for a variety of home designs and

  

  Matt Pierce

  Anders Pierce Realty, LLC

  (830) 256-7469

  1914 Paradise Pkwy, Canyon Lake, TX 78133
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  $175,000 Lot/Land

  196 Lakewood Ct, Canyon Lake, TX 78133

  • 2.75 Acres
  • $63,613 per Acre

  Discover the rare opportunity to own 2.75 unrestricted acres in the heart of Canyon Lake at 196 Lakewood Ct. This exceptional property offers the freedom to build and use the land exactly how you envision—whether for a custom home, weekend retreat, investment property, or even commercial use. Much of the cedar has already been cleared, saving you time and expense while providing a head start for

  

  Cody Wickham

  Compass RE Texas, LLC

  (830) 694-3263

  196 Lakewood Ct, Canyon Lake, TX 78133
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  $150,000 Lot/Land

  1831 W Lakeside Dr, Canyon Lake, TX 78133

  • 16,030 Sq Ft
  • $407,609 per Acre

  Welcome to your blank canvas, future to your custom dream oasis. This near half an acre lot is ideal for your lake life dreams. It is located within walking distance of a boat ramp with access to Canyon Lake, in the great neighborhood of Canyon Springs Resort. Amenities include a pool, hot tub, and a playground for the little ones. Whether you are looking to build a home for residual income or

  

  Ricardo Gonzalez

  Keller Williams Heritage

  (830) 376-2465

  1831 W Lakeside Dr, Canyon Lake, TX 78133
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  $67,500 Lot/Land

  10468 Rebecca Creek, Spring Branch, TX 78070

  • 17,498 Sq Ft
  • $168,036 per Acre

  Discover this beautiful lot in the highly desirable Rebecca Creek area, offering a perfect blend of natural beauty and convenience. The property features an 8x20 shed for storage and mature trees that provide shade and a peaceful, country feel-all while being just a short drive from city amenities. As an owner, you'll enjoy access to community amenities, including a playground, pavilion, scenic

  

  Dayton Schrader

  eXp Realty

  (830) 400-5126

  10468 Rebecca Creek, Spring Branch, TX 78070
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  $409,000 Lot/Land

  3411 Mail Route Rd, Fischer, TX 78623

  • 4.98 Acres
  • $82,129 per Acre

  Discover the potential of Texas Hill Country living on this 4.98-acre tract in the highly sought-after Fischer area! With electricity, Canyon Lake water, and a septic system already in place, much of the groundwork has been completed, making this property ready for your dream home, weekend retreat, or STR investment.Mature trees provide privacy and natural beauty, while the property backs to

  

  Traci Phillips

  Homestead & Ranch Real Estate

  (830) 293-5576

  3411 Mail Route Rd, Fischer, TX 78623
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  $449,000 Lot/Land

  127 Kings Way, New Braunfels, TX 78132

  • 4.71 Acres
  • $95,289 per Acre

  This expansive land offers endless possibilities. Don't miss out on this rare opportunity to secure a 4.71-acre plot in one of New Braunfels' most desirable areas. With mature trees, a well, and electricity already in place, this property is primed for your vision. Close to shopping, medical facilities, and the entertainment options that New Braunfels has to offer. Act now to make it yours and

  

  Matt Pierce

  Anders Pierce Realty

  (830) 532-6705

  127 Kings Way, New Braunfels, TX 78132
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  $175,000 Lot/Land

  1838 Paradise Pkwy, Canyon Lake, TX 78133

  • 1.05 Acres
  • $166,667 per Acre

  In the sought-after Paradise on the Guadalupe area, this exceptional one-acre lot presents a rare chance to secure a premier homesite surrounded by the unmatched beauty of the Texas Hill Country. Set among rolling landscapes and framed by impressive multi-million-dollar estates, the property offers a stunning backdrop for creating a custom residence in a neighborhood known for its exclusivity and

  

  Bryan Treat

  Orchard Brokerage

  (830) 356-2853

  1838 Paradise Pkwy, Canyon Lake, TX 78133
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  $199,999 Lot/Land

  1020 Riesling, New Braunfels, TX 78132

  • 1.15 Acres
  • $173,912 per Acre

  Over an acre of hill country views and oak trees, located in Champagne Hills, a gated section in the highly coveted Vintage Oaks. Embrace the lifestyle with world class amenities including resort style pools, lazy river, outdoor kitchen, sports & fitness facilities, walking/biking trails, playground. Community events throughout the year with concerts and social activities for all ages. Highly

  

  Sherrie James

  James Realty Solutions LLC

  (830) 224-4236

  1020 Riesling, New Braunfels, TX 78132
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  $134,900 Lot/Land

  126 Riddle Rd, Spring Branch, TX 78070

  • 1.1 Acres
  • $122,636 per Acre

  OWNER FINANCING AVAILABLE!!Discover the beauty of Hill Country living in the highly sought-after Peninsula at Mystic Shores. This exceptional lot offers stunning panoramic views and is ideally positioned along the northwest shores of Canyon Lake and the scenic bends of the Guadalupe River.Mystic Shores is a thoughtfully designed community that values conservation and sustainability, with

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 241-2029

  126 Riddle Rd, Spring Branch, TX 78070
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  $589,900 Lot/Land

  1845 Paradise Pkwy, Canyon Lake, TX 78133

  • 2.53 Acres
  • $233,162 per Acre

  This lot offers an excellent rear view of the Guadalupe River and the hill country, recently underbrush, and provides a great homesite to build your custom home on. Buy today and build when you are ready.

  

  Matt Pierce

  Anders Pierce Realty

  (830) 623-5664

  1845 Paradise Pkwy, Canyon Lake, TX 78133
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  $165,000 Lot/Land

  1118 Stagecoach Dr, Canyon Lake, TX 78133

  • 11,878 Sq Ft
  • $605,061 per Acre

  Discover the beauty of this property - Your Dream Home Awaits! Nestled in the heart of Canyon Lake, this property offers the perfect canvas to build your dream home. With an open lot and the promise of stunning lake views, it's a real gem waiting to be uncovered. Canyon Lake is known for its scenic beauty, and this property is no exception. The potential for breathtaking lake views makes it a

  

  Christy Rupp

  RE/MAX North-San Antonio

  (830) 264-9913

  1118 Stagecoach Dr, Canyon Lake, TX 78133
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  $30,000 Lot/Land

  560 Hummingbird Hill, Canyon Lake, TX 78133

  • 5,475 Sq Ft
  • $238,663 per Acre

  Level lot in the desirable Canyon Lake Hills subdivision featuring mature trees and great potential for your hill country getaway or full-time home. Light restrictions with a minimum build requirement of only 600 sq. ft. make this an excellent opportunity for a smaller custom home. Manufactured homes are not allowed. Enjoy close proximity to Canyon Lake, parks, boat ramps, and neighborhood

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 580-3315

  560 Hummingbird Hill, Canyon Lake, TX 78133
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  $220,000 Lot/Land

  27719 Sunny Pt Lot 209, San Antonio, TX 78266

  • 1.47 Acres
  • $149,660 per Acre

  Experience the perfect blend of privacy and convenience with this 1.47-acre homesite in the desirable, gated community of Ramble Ridge. Enjoy the benefits of controlled access and no city taxes, offering both peace of mind and added savings. With water and electric already available on site, this property is ready for your custom build. Located within highly regarded Comal ISD, this spacious lot

  

  Shane Neal

  eXp Realty

  (830) 532-8584

  27719 Sunny Pt Lot 209, San Antonio, TX 78266
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  /6

  $145,000 Lot/Land

  2395 Summit Dr, Canyon Lake, TX 78132

  • 1.47 Acres
  • $98,372 per Acre

  Undeveloped 1.47 acre on a hilly incline Perfect for your new home. Pictures and drone footage available

  

  Michael Granado

  Performance Realty

  (830) 476-5585

  2395 Summit Dr, Canyon Lake, TX 78132
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  /16

  $1,250,000 Lot/Land

  6026 Sentry Point, Fischer, TX 78623

  • 27 Acres
  • $46,296 per Acre

  Set high above the Hill Country within the gated luxury subdivision of Ranches at Sentinel Peak, Sentry Point spans 27 acres of rolling terrain with elevations exceeding 1,100 feet. From multiple vantage points across the property, you capture sweeping views stretching for miles. The sense of scale and openness is immediate, offering a balance of open clearings and mature oak clusters, creating

  

  Mark Clausen

  Compass RE Texas, LLC

  (830) 468-7634

  6026 Sentry Point, Fischer, TX 78623
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  $225,000 Lot/Land

  2248 San Jose Way, Canyon Lake, TX 78133

  • 3.86 Acres
  • $58,290 per Acre

  Discover an exceptional opportunity to own a premium 3.86-acre homesite in the highly sought-after, gated community of Cordova Bend at Canyon Lake. With no city taxes, this expansive property offers the ideal setting to design and build your custom dream home while enjoying both privacy and long-term value. Perfectly positioned to capture the natural beauty of the Texas Hill Country, this

  

  Kristen Schramme

  Keller Williams Legacy

  (830) 355-3873

  2248 San Jose Way, Canyon Lake, TX 78133
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  $149,900 Lot/Land

  401 Scarlet Ct, Canyon Lake, TX 78133

  • 30,056 Sq Ft
  • $217,246 per Acre

  Tucked inside the gated community of Oak Shores Estates, this lot offers a peaceful Hill Country setting with the potential for Canyon Lake views from a well-planned and elevated build. The gated neighborhood features underground utilities and a community pool moments away, giving you both comfort and convenience. Enjoy the quiet of lake living while still being only a short drive to Austin, San

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 541-7528

  401 Scarlet Ct, Canyon Lake, TX 78133
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  $45,000 Lot/Land

  1841 Canyon Lake Dr, Canyon Lake, TX 78133

  • 10,201 Sq Ft
  • $192,143 per Acre

  Located in the sought-after Canyon Lake Hills subdivision, this nearly 1/4-acre level lot offers the perfect opportunity to build your permanent home or weekend getaway. Surrounded by mature trees and natural Hill Country beauty, the property provides a peaceful setting with plenty of shade and privacy. Enjoy the charm of Canyon Lake living with nearby lake access, parks, boat ramps, and

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 476-7172

  1841 Canyon Lake Dr, Canyon Lake, TX 78133
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  $285,000 Lot/Land

  LOT 74 Paradise Pkwy, Canyon Lake, TX 78133

  • 1 Acre
  • $285,000 per Acre

  1 acre * Paradise on the Guadalupe * Private Guadalupe River access * Controlled access * Mature trees + gentle slope. Build your custom Hill Country escape in Paradise on the Guadalupe, a gated community designed around river recreation and a natural setting. Lot 74 on Paradise Parkway offers a scenic, build-friendly homesite with level ground plus a gentle slope, framed by mature trees for

  

  Dayton Schrader

  eXp Realty

  (830) 694-3065

  LOT 74 Paradise Pkwy, Canyon Lake, TX 78133
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  $37,000 Lot/Land

  2021 Ronda Ct, Canyon Lake, TX 78133

  • 11,325 Sq Ft
  • $142,308 per Acre

  Prime corner lot with approximately 170 feet of road frontage and stunning Hill County View! Enjoy the freedom to build with a minimum home size of 1,000 square feet, with minimal restrictions making this an excellent opportunity for a custom home, weekend retreat or investment property. The corner location offers added accessibility and design flexibility. All within a few miles of the popular

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 947-5132

  2021 Ronda Ct, Canyon Lake, TX 78133
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  $399,000 Lot/Land

  11030-11060 Farm To Market 32, Fischer, TX 78623

  • 4.16 Acres
  • $95,983 per Acre

  Discover an exceptional opportunity to own 4 unrestricted acres in the heart of Fischer, Texas, where Hill Country charm meets limitless potential. This thoughtfully terraced property offers expansive views and highly usable land, making it ideal for a custom home, multiple residences, or a strategic investment. With frontage along Highway 32, the property provides convenient access while still

  

  Shane Neal

  eXp Realty

  (830) 223-4780

  11030-11060 Farm To Market 32, Fischer, TX 78623
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  /9

  $53,500 Lot/Land

  762 & 758 Firefly Dr, Canyon Lake, TX 78133

  • 14,374 Sq Ft
  • $162,121 per Acre

  Two Hill Country lots side by side for a total of .33 of an acre down a quiet street in the highly desirable neighborhood of Canyon Lake Forest. Come see this tree covered lot just 2.2 miles from Boat ramp 5, the fun and family friendly Comal Park on the lake, and the neighborhood amenities which include a community pool, tennis and basketball courts, a clubhouse, pic-nic tables with grills in a

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 215-8191

  762 & 758 Firefly Dr, Canyon Lake, TX 78133
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  $109,900 Lot/Land

  1447 Carson Creek, Canyon Lake, TX 78133

  • 1.41 Acres
  • $77,943 per Acre

  Tucked away in a quiet cul-de-sac in the desirable Cranes Mill Landing community, this beautiful homesite offers the perfect blend of Hill Country tranquility and convenient access to nearby amenities. Just minutes from Cranes Mill Marina and Cranes Mill Park, you’ll enjoy easy access to boating, fishing, and scenic walks along the waters of Canyon Lake and the Guadalupe River.The property is

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 320-3346

  1447 Carson Creek, Canyon Lake, TX 78133
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  $229,000 Lot/Land

  505 Red Rose St, Spring Branch, TX 78070

  • 5.08 Acres
  • $45,079 per Acre

  Coveted 5-acre residential homesite in the prestigious Mystic Shores community, ideally nestled between the scenic Guadalupe River and the north shoreline of Canyon Lake. This lakefront community offers the perfect blend of Hill Country serenity and resort-style amenities. The property features a level building site dotted with mature trees, providing an ideal canvas for your custom home while

  

  Monica Malorgio Katz

  McNabb & Co Real Estate Services

  (830) 354-5201

  505 Red Rose St, Spring Branch, TX 78070
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  /19

  $159,000 Lot/Land

  268 Secret Way, Spring Branch, TX 78070

  • 1.93 Acres
  • $82,383 per Acre

  This stunning 1.93-acre hilltop lot offers breathtaking views of Canyon Lake from the top of the bluff, along with sweeping Hill Country scenery. Ideally located just down the street from the boat ramp and park, the property provides the perfect blend of natural beauty and recreational convenience. Utilities include PEC Electric and Texas Water, and residents can enjoy access to exceptional

  

  Shane Neal

  eXp Realty

  (830) 293-3986

  268 Secret Way, Spring Branch, TX 78070
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  /18

  $144,000 Lot/Land

  144 Jackson Creek, Canyon Lake, TX 78133

  • 1.82 Acres
  • $79,121 per Acre

  Discover Hill Country living at its finest on this breathtaking 1.82-acre homesite in the coveted Mountain Springs Ranch. Tucked away at the end of a quiet cul-de-sac, this property offers unmatched privacy, tranquility, and a gentle slope that unveils sweeping views of the Hill Country—an ideal backdrop for your dream home. Imagine evenings soaking in vibrant sunsets or mornings surrounded by

  

  Paul Sullivan

  Sullivan Hill Country Properti

  (830) 243-5088

  144 Jackson Creek, Canyon Lake, TX 78133
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  /8

  $99,900 Lot/Land

  124 (LOT 128) Vision Ct, Canyon Lake, TX 78070

  • 1.01 Acres
  • $98,911 per Acre

  amazing lot with million dollar views and million dollar houses around. One of the best parts of Mystic Shores w/ Boat Ramp and park down the street, View House house and View Lot, Custom front stair stone & stucco stair case open to 2nd story living room, kit, din & master for views, 18 x 10 covered balcony, Open Kit w/ built in SS appliance package w/ cooktop, chimney hood built in oven &

  

  Adam Smith

  Boss Real Estate

  (830) 468-6180

  124 (LOT 128) Vision Ct, Canyon Lake, TX 78070
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  /18

  $550,000 Lot/Land

  1962 Paradise Pkwy, Canyon Lake, TX 78133

  • 3.68 Acres
  • $149,457 per Acre

  Come experience the breathtaking views overlooking the river and Texas Hill-Country on your future back-porch. Lot 46 in Paradise on the Guadalupe Phase 2 features over 3.5 acres in a picturesque and secure gated community. The views, sizable/buildable lot, and location within the community position lot 46 as one of the premier lots in the community. This generous 3.68-acre property offers an

  

  Lawrence Pritchett

  MODUS Real Estate

  (830) 400-5135

  1962 Paradise Pkwy, Canyon Lake, TX 78133
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  /32

  $120,000 Lot/Land

  31368 Wildcat Dr, Bulverde, TX 78163

  • 1.06 Acres
  • $113,208 per Acre

  Discover your slice of Texas Hill Country on this beautiful 1.06-acre lot in the established Bulverde Hills community! Surrounded by mature trees and natural beauty, this lot offers the perfect canvas to build your dream home. Enjoy the serenity of country living while staying just minutes from Hwy 281, shopping, dining, and entertainment. Zoned to highly rated Comal ISD schools including Rahe

  

  Donnie Walker

  Keller Williams City-View

  (830) 642-1336

  31368 Wildcat Dr, Bulverde, TX 78163
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  /50

  $215,000 Lot/Land

  1218 Powder Ridge Rd, New Braunfels, TX 78132

  • 2.28 Acres
  • $94,298 per Acre

  Situated on one of the highest and most desirable streets in Vintage Oaks, this 2.28-acre homesite offers a unique combination of privacy, elevation, and opportunity. Positioned near the top of the community, the property provides the potential for sweeping Hill Country views and unforgettable sunset backdrops. The lot has been partially cleared, making it easy to walk and explore while still

  

  Kristen Schramme

  Keller Williams Legacy

  (830) 268-1009

  1218 Powder Ridge Rd, New Braunfels, TX 78132
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  /20

  $295,000 Lot/Land

  2163 Stagecoach Way, Canyon Lake, TX 78133

  • 5.4 Acres
  • $54,630 per Acre

  Lot 107 is one of two contiguous acreage lots available in Rebecca Creek Ranches near Canyon Lake. Lot 107 offers approximately 5.40 acres, with the two lots together offering approximately 11.33 combined acres and a rare opportunity to create a private Hill Country retreat. Purchase Lot 107 individually or together with adjoining Lot 106 for added flexibility for a custom home site, estate-style

  

  Trey Poteet

  PRG, Realtors

  (830) 224-2527

  2163 Stagecoach Way, Canyon Lake, TX 78133

Showing Results 121 - 160, Page 4 of 18