385

Panama City, FL 1-Story Homes for Sale

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  • /76

    $649,500

    • 3 Beds
    • 2 Baths
    • 2,469 Sq Ft

    4700 E 6th St, Panama City, FL 32404

    OPEN HOUSE TUESDAY 8/26 FROM 2:00PM-5 :00PM. Charming Florida Home on Parker Bayou with Unobstructed Waterfront ViewsWelcome to your own slice of paradise! Nestled at the end of W Park Street on the corner of E 6th Street, this beautifully updated Florida home offers breathtaking, unobstructed views of Parker Bayou at the mouth of Pratt Bayou. With direct access to the water, you can park your

    Daryle Burkey Coldwell Banker Realty

    4700 E 6th St, Panama City, FL 32404
  • /22

    $245,000

    • 2 Beds
    • 1 Bath
    • 1,961 Sq Ft

    4949 E 2nd St, Panama City, FL 32404

    *****MOTIVATED SELLER!!!***** This property was recently appraised at $245K PRIOR TO UPGRADES and presents an excellent opportunity for a homeowner or investor. The neighborhood is currently undergoing a revitalization so the time is now to get your foot in the door. There are 4 brand new homes being built across the street plus this property is zoned MIXED USE. It's livable as-is, however, the

    Eva Mullins Coldwell Banker Realty

    4949 E 2nd St, Panama City, FL 32404
  • /67

    $1,050,000

    • 3 Beds
    • 3 Baths
    • 2,545 Sq Ft

    214 S Cove Ln, Panama City, FL 32401

    Waterfront Living Meets Timeless Elegance in The Cove. Welcome to 214 S Cove Lane, a rare opportunity to own a beautifully upgraded waterfront retreat in one of Panama City's most coveted neighborhoods. Nestled along the tranquil shores of Watson Bayou, this 3-bedroom, 3-bathroom home spans over 2,545 square feet and offers a perfect blend of classic charm, modern upgrades, and unbeatable views.

    Mary Sowell Keller Williams Success Realty

    214 S Cove Ln, Panama City, FL 32401
  • /35

    $235,000

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft

    1633 Cox St, Panama City, FL 32409

    Back on the market at no fault of the Sellers - Welcome to 1633 Cox Street! This charming 3-bedroom, 2-bathroom home is right on the edge of Panama City. Situated on a spacious half acre lot, this well-kept property offers approximately 1,500 square feet of comfortable living space. Inside, you'll find a light-filled living room, a functional kitchen with ample cabinetry and newly replaced

    James Harris Clubbs Real Estate Group LLC

    1633 Cox St, Panama City, FL 32409
  • /79

    $699,000

    • 3 Beds
    • 2 Baths
    • 1,855 Sq Ft

    403 Highway 2297, Panama City, FL 32404

    PRICED BELOW APPRAISED VALUE Welcome to your own slice of paradise on Cook's Bayou. A rare opportunity to own a beautifully updated 3-bedroom, 2-bathroom brick home with gulf access, nestled on 5 serene acres adorned with moss draped oaks, lush herb gardens, and a private pond.Originally built in 1976 and thoughtfully renovated over the years, this 1,855 sq ft home offers a perfect blend of

    Tyler Smith Beach Haven Realty

    403 Highway 2297, Panama City, FL 32404
  • /62

    $359,999

    • 4 Beds
    • 3.5 Baths
    • 2,616 Sq Ft

    2718 Glenview Ave, Panama City, FL 32405

    🏡 Price Correction~~: Spacious 4-Bedroom All-Brick Home Near Tyndall AFB - No HOA!Welcome to this beautifully maintained one-level brick home offering 2,616 sq ft of heated and cooled living space--perfect for families, in-laws, or anyone needing a little extra room to spread out!✨ Key Features:4 Bedrooms, 3.5 Baths, including two primary suites--ideal for multi-generational

    Trudy VanHorn Berkshire Hathaway HomeServices Beach Properties of Florida

    2718 Glenview Ave, Panama City, FL 32405
  • /20

    $209,900

    • 3 Beds
    • 2.5 Baths
    • 2,001 Sq Ft

    4922 Park St, Panama City, FL 32404

    Renovated Panama City home! Features an extended layout, spacious master suite with walk-in closet & wheelchair accessible bath (with bench). Enjoy a huge downstairs den with fireplace, carport, & 6ft wood fence. Kitchen & baths boast updated cabinets & stone counters. Roof 2019.

    Scott Fader Joseph Walter Realty LLC

    4922 Park St, Panama City, FL 32404
  • /37

    $279,999

    • 3 Beds
    • 2 Baths
    • 1,456 Sq Ft

    1910 Chestnut Ave, Panama City, FL 32405

    Welcome to 1910 Chestnut Ave. - A Stylish & Updated Home in the Heart of Panama City!This beautifully renovated 3-bedroom, 2-bathroom brick home is the perfect blend of modern updates and timeless charm. Located in a prime, central location, this home offers easy access to local schools, parks, and shopping, making it a fantastic choice for anyone seeking convenience and comfort.Step inside to

    Abbott Martin Group EXP Realty LLC

    1910 Chestnut Ave, Panama City, FL 32405
  • /36

    $310,000

    • 3 Beds
    • 2 Baths
    • 1,870 Sq Ft

    274 N Charlene Dr, Panama City, FL 32404

    Welcome to 274 N. Charlene Drive. This beautifully renovated 3 bedroom, 2 bathroom home with a bonus office is move in ready and full of charm. Just off Hwy 22 in Callaway, this home is conveniently located near Tyndall Air Force Base and Downtown Panama City, and it is only a 30 minute drive to both Mexico Beach and Panama City Beach.Inside, you'll find luxury vinyl plank flooring throughout,

    Jennifer Seymour Beachy Beach Real Estate

    274 N Charlene Dr, Panama City, FL 32404
  • /31

    $400,000

    • 4 Beds
    • 2.5 Baths
    • 2,230 Sq Ft

    4427 Bylsma Cir, Panama City, FL 32404

    Welcome to this beautifully crafted, custom-built home located in the highly desirable Bylsma Manor subdivision. Built in 2023, this residence combines modern design, thoughtful detail, and quality craftsmanship -- offering you the rare opportunity to own a nearly new home without the wait.Step inside to discover an open floor plan that seamlessly connects the living, dining, and kitchen areas,

    Matthew Wright Think Real Estate

    4427 Bylsma Cir, Panama City, FL 32404
  • /54

    $499,900

    • 3 Beds
    • 3 Baths
    • 1,978 Sq Ft

    134 Treasure Palm Dr, Panama City, FL 32408

    **Completely renovated and thoughtfully expanded, this 3-bedroom, 3-bathroom home features two spacious master suites and a long list of upgrades inside and out--**and it's priced below a recent appraisal for added value!The open-concept living and kitchen area showcases a fully remodeled kitchen with granite countertops, an impressive 11-foot island with storage, all new Whirlpool

    Stephanie Ingram Counts Real Estate Group Inc

    134 Treasure Palm Dr, Panama City, FL 32408
  • /8

    $299,000

    • 3 Beds
    • 1.5 Baths
    • 1,650 Sq Ft

    710 W 19th St, Panama City, FL 32405

    Attention all investors, the main house has three bedrooms and 1.5 baths; the separate apartment (approximately 600 SF in back yard has one bedroom and one bath and kitchen/living area). This is a great starter home with potential income from rear efficiency apartment or mother in law quarters. Kitchen, baths and flooring have been updated. Centrally located; close to Gulf Coast College & FSU;

    Joan Altenpohl Coastal Real Estate Group, Inc

    710 W 19th St, Panama City, FL 32405
  • /45

    $819,000

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

    312 Laird Cir, Panama City, FL 32408

    This is your chance to own RARE acreage in a unique area with quiet country living near the beach! Check out this beautiful custom built 2280 sqft brick home with a 720 sqft detached air conditioned Workshop sitting on 1.71 acres in the desirable Laird Street area of Panama City Beach. This home has excellent curb appeal, beautifully maintained landscaping, and 10 ft. ceilings with newly added

    Megan Barber CENTURY 21 Ryan Realty Inc

    312 Laird Cir, Panama City, FL 32408
  • /19

    $349,900

    • 3 Beds
    • 2.5 Baths
    • 1,880 Sq Ft

    2341 Bayview Ave, Panama City, FL 32405

    This home is located on a spacious lot in Pretty Bayou, a well established neighborhood with RV and/or boat parking The convenient location is minutes away from the Naval Support Activity Panama City as well as Gulf Coast State College and FSU Panama City with lots of shopping close by. The home features 3 bedrooms and two and a half baths. The master bedroom has a walk in closet and a reach in

    Carla Bjorklund ERA Neubauer Real Estate, Inc

    2341 Bayview Ave, Panama City, FL 32405
  • /35

    $280,000

    • 2 Beds
    • 2 Baths
    • 1,084 Sq Ft

    1307 Calabria Rd Unit 4A, Panama City, FL 32405

    Fully Rehabbed 2 Bed / 2 Bath Charmer! Step into modern comfort and style at 1307 Calabria Ave — a beautifully rehabbed 2-bedroom, 2-bath gem that blends smart updates with a bright, welcoming vibe. This one-story duplex unit has been completely reimagined for today's lifestyle with all the upgrades you've been dreaming of! Enjoy a fresh, open-concept layout with a spacious flow, paired with

    Melissa Haworth EXP Realty LLC

    1307 Calabria Rd Unit 4A, Panama City, FL 32405
  • /26

    $330,000

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

    2707 Highway 2321, Panama City, FL 32409

    Builder's dream. Investor's jackpot. This 1.49-acre R-2 zoned lot off Hwy 2321 in Southport is packed with potential. With 4,032 sq ft of total heated space—including a main home, 900 sq ft apartment, and detached suite—the structures need full renovation or teardown. The real value lies in the land: zoned for multifamily or duplex use, and eligible to be split into two parcels if the main home

    Ramone Silvera Salty Marlin Realty

    2707 Highway 2321, Panama City, FL 32409
  • /30

    $280,000

    • 3 Beds
    • 2 Baths
    • 1,152 Sq Ft

    134 Linda Ave, Panama City, FL 32401

    **Charming Cove Home in the Heart of Panama City**Welcome to this beautifully updated 3-bedroom, 2-bath home located in the highly sought-after historic Cove neighborhood. Just a short walk from the bay, this golf cart-friendly community offers the perfect blend of coastal charm and convenience.Step inside to discover brand-new flooring throughout, a modern kitchen with new quartz countertops,

    Rick Miller Beachy Beach Real Estate

    134 Linda Ave, Panama City, FL 32401
  • /15

    $390,554

    • 4 Beds
    • 3 Baths
    • 2,074 Sq Ft

    3760 Basal St, Panama City, FL 32404

    The Milton I, brand new floor plan! From your covered front porch step into your foyer with a trey ceiling and shadow box trim. Get ready to entertain friends & family in the open layout in the social hub of the home. Gather around the quartz countertop island in the kitchen to share appetizers & stories about your day. Step outside the dining room to the covered back porch and put some food on

    Lori Logue VCFL Realty LLC

    3760 Basal St, Panama City, FL 32404
  • /6

    $168,900

    • 3 Beds
    • 1 Bath
    • 1,040 Sq Ft

    235 Central Ave, Panama City, FL 32401

    MOVE-IN READY! 3-bedroom, 1-bathroom home in desirable Springfield, Bay County! This property features completely renovated interior with contemporary finishes, nice bedrooms perfect for comfortable living. updated flooring throughout, fresh paint. . Located in a prime Springfield location, this property offers convenient access to major shopping centers, close proximity to diverse dining and

    Timothy Knight AMERICAN REALTY of Bay Co, Inc

    235 Central Ave, Panama City, FL 32401
  • /31

    $337,500

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

    311 Prudence Ln, Panama City, FL 32408

    Welcome to 311 Prudence Lane - Your Perfect Slice of Paradise!Nestled in a quiet, well-maintained neighborhood, this charming home offers the perfect balance of peaceful living and beachside fun.One of the rare gems in Panama City Beach, this home boasts a large backyard--ideal for family gatherings, pets, or simply relaxing in your own outdoor oasis.Located just a short golf cart ride away from

    Matthew Wright Think Real Estate

    311 Prudence Ln, Panama City, FL 32408
  • /45

    $344,500

    • 3 Beds
    • 2 Baths
    • 1,692 Sq Ft

    335 N Macarthur Ave, Panama City, FL 32401

    Charming Cove Cottage!Welcome to this absolutely adorable almost 1700 sq ft 3-bedroom, 2-bath home in the heart of The Cove--one of Panama City's most beloved and historic neighborhoods, known for its winding streets, majestic oak trees, and timeless character. This delightful property blends classic charm with modern updates, including paid-off solar panels, (all electric home, except for the

    Jessica Albritton Beachy Beach Real Estate

    335 N Macarthur Ave, Panama City, FL 32401
  • /4

    $900,000

    • 2 Beds
    • 2 Baths
    • 2,079 Sq Ft

    7301 Suwanee Ave, Panama City, FL 32409

    Waterfront Living Meets Investment Potential in Southport! This 1.89-acre bayfront property offers stunning views and includes two homes--ideal for multi-generational living, rental income, or a private family retreat. House 1 is a duplex with two separate 1-bed/1-bath units, each with its own entrance and open living/dining layout. House 2 is a 2-bed/1-bath fixer-upper, full of charm and

    Britta Kepple Realty One Group Emerald Coast

    7301 Suwanee Ave, Panama City, FL 32409
  • /28

    $495,000

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

    221 W Baldwin Rd, Panama City, FL 32405

    Versatile Property with Income-Producing Apartment on 1 Acre in Panama CityLocated on a spacious 1-acre lot in unincorporated Bay County, this unique property offers incredible flexibility, comfort, and income potential. The main home features 4 bedrooms plus a bonus room/office, a 2-car garage with an oversized cubby ideal for a workshop, and stylish concrete and stainless steel kitchen

    Matthew Wright Think Real Estate

    221 W Baldwin Rd, Panama City, FL 32405
  • /24

    $372,000

    • 3 Beds
    • 2 Baths
    • 1,825 Sq Ft

    5800 Pinetree Ave, Panama City, FL 32408

    Charming, Turnkey Home in the Heart of Lower Grand Lagoon - Rental Ready! Seller offers at closing a 1-year Home Warranty for a peace of mind.Discover the perfect blend of coastal lifestyle and spacious comfort in this beautifully maintained, turnkey single-story home located in the sought-after area. Built in 1963 with a new roof in 2024, this property also comes with a 1-year home warranty,

    Britta Kepple Realty One Group Emerald Coast

    5800 Pinetree Ave, Panama City, FL 32408
  • /26

    $354,900

    • 3 Beds
    • 2 Baths
    • 2,241 Sq Ft

    2531 Frankford Ave, Panama City, FL 32405

    Spacious 3 bedroom 2 bathrooms in the Kings Point area. In Panama City limits per Bay GIS. Classic painted brick veneer ranch style home. Large lot with frontage on small pond provides for extra privacy. Newer roof, new windows, new appliances include refrigerator, stove, microwave, dishwasher adn garbage disposal, new paint [interior and exterior], door hardware, mini-split, fans and lights, and

    Don Giles GILES APPRAISAL GROUP, INC

    2531 Frankford Ave, Panama City, FL 32405
  • /21

    $2,490,000

    • 4 Beds
    • 4 Baths
    • 3,487 Sq Ft

    1164 Cove Pointe Dr, Panama City, FL 32401

    MOVE-IN READY | NO LEASE-BACK | WATERFRONT MODEL HOME WITH DESIGNER FURNISHINGS The showpiece model everyone remembers is now available for immediate occupancy—no lease-back required. Previously offered with an 18-month delay, this fully furnished Arthur Rutenberg home is ready for its first full-time owner. Positioned on 154 feet of deep-water bayou frontage, this custom-built residence blends

    Sean Casilli Coldwell Banker Realty

    1164 Cove Pointe Dr, Panama City, FL 32401
  • /43

    $699,000

    • 5,040 Sq Ft

    1329 Transmitter Rd, Panama City, FL 32401

    PRICE REDUCTION. Investment Opportunity! This is a turnkey Mobile Home Park for sale that is located in Panama City. The property features 7 mobile homes and room to add 2 more units. Four of the units are 2 bedrooms 1 bath and three of the units are 3 bedroom 2 baths. The property is easily accessible and is convenient to Tyndall Air Force Base and Highway 98. Whether you are an

    Jessica Wilson Northwest Florida Realty, LLC

    1329 Transmitter Rd, Panama City, FL 32401
  • /40

    $475,000

    • 3 Beds
    • 2 Baths
    • 1,849 Sq Ft

    3113 Heartleaf Ave E, Panama City, FL 32405

    *If you're looking for a home in SweetBay that is literally turn-key, look no further! Featuring a VA assumable mortgage and $5000.00 in closing costs, This Anna Maria floor plan with the coastal elevation is available for immediate occupancy. Complete with custom blinds, this is one of the most desirable floor plans with limited availability. From the time you enter the front door you can feel

    Kim Johnson Think Real Estate

    3113 Heartleaf Ave E, Panama City, FL 32405
  • /46

    $335,000

    • 3 Beds
    • 2 Baths
    • 1,628 Sq Ft

    1207 Tuscany Rd, Panama City, FL 32405

    Welcome to this beautifully maintained all-brick ranch-style home featuring 3 bedrooms and 2 full bathrooms--where comfort, style, and practicality come together seamlessly. Nestled in a peaceful setting, this home offers the perfect blend of indoor charm and outdoor serenity. You'll love the open-concept kitchen with updated cabinetry that flows effortlessly into the inviting family room,

    Victoria Haley Counts Real Estate Group Inc

    1207 Tuscany Rd, Panama City, FL 32405
  • /28

    $269,900

    • 3 Beds
    • 2 Baths
    • 1,607 Sq Ft

    6402 Letohatchee St, Panama City, FL 32404

    Price Improvement!!Welcome to 6402 Letohatchee Street -- a fully updated, move-in-ready home located in the heart of Panama City, just minutes from Tyndall Air Force Base and an easy drive to both Panama City Beach and Mexico Beach. Whether you're a first-time homebuyer, relocating for military orders, or simply looking for a solid investment in a convenient and established neighborhood, this one

    James Gray Counts Real Estate Group

    6402 Letohatchee St, Panama City, FL 32404
  • /39

    $550,000

    • 3 Beds
    • 2 Baths
    • 2,585 Sq Ft

    5800 Highway 2297, Panama City, FL 32404

    FRESHLY PAINTED OUTSIDE STUNNING waterfront home with OVER 120 feet of beautiful WATER VIEWS and a convenient DOCK for easy access to the open sea. This impressive property sits on MORE THAN AN ACRE of lush land and includes three spacious bedrooms, two well-designed bathrooms, a roomy 2-CAR GARAGE, and 2 BOAT SLIPS for your water adventures. Built in 1955, and updated in 1990 this charming

    Sherry Gudinez Fathom Realty FL LLC

    5800 Highway 2297, Panama City, FL 32404
  • /45

    $499,000

    • 4 Beds
    • 2 Baths
    • 1,948 Sq Ft

    330 S Palo Alto Ave, Panama City, FL 32401

    Open House Sunday, 8/31 1-4pm! This stunning single-level home was BUILT IN 2022 offering a rare find - a newer construction home in the coveted Cove neighborhood of Panama City, Florida. This home embodies classic, coastal design and offers an exceptional lifestyle just two blocks from the Bay. Enjoy leisurely walks by the water and breathtaking sunsets every day in the Cove, a

    Carly Sostheim Corcoran Reverie SRB

    330 S Palo Alto Ave, Panama City, FL 32401
  • /34

    $159,900

    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft

    5220 Cherry St, Panama City, FL 32404

    Large Versatile Corner Lot! This property truly stands out with its mixed-use zoning, offering a wealth of possibilities. You could easily continue using it as a spacious residence or transform it into a strategic office space; it's also suitable for further development. Whether you envision establishing a home-based business, a small commercial venture, or even redeveloping the area, this

    Jessica Albritton Beachy Beach Real Estate

    5220 Cherry St, Panama City, FL 32404
  • /48

    $375,000

    • 3 Beds
    • 1 Bath
    • 1,328 Sq Ft

    143 N James Ave, Panama City, FL 32401

    Amazing development opportunity! Currently zoned as 1 large - almost an acre parcel (but can be reverted back to the original plat of 5 lots) in Central Bay County, minutes from the new Concrete plant (old Papermill) and the Shipyard! This beautiful land is adorned with huge mature oak trees and has endless possibilities. According to the building/planning department, you can tear down the

    Jessica Albritton Beachy Beach Real Estate

    143 N James Ave, Panama City, FL 32401
  • /73

    $304,900

    • 3 Beds
    • 2 Baths
    • 2,330 Sq Ft

    1533 Crooked Ln, Panama City, FL 32409

    Wow! Pride of Ownership in this Immaculately cared for Waverly Anniversary Edition home on 1 acre with 2330 sq ft of living space. A 3B 2BA split floor plan with plenty of space. Master bedroom walk in closet is one that every woman dreams of, master bathroom with separate tile shower plus whirlpool tub and double vanities. There could be a 4th bedroom or used currently for an office. Formal

    Jacob Angelo Anchor Realty Florida

    1533 Crooked Ln, Panama City, FL 32409
  • /29

    $209,000

    • 3 Beds
    • 2 Baths
    • 1,245 Sq Ft

    709 Williams Ave, Panama City, FL 32401

    Fully Renovated 3-Bedroom Ranch in Central Panama City!Welcome to 709 Williams Avenue--a beautifully remodeled 3-bed, 2-bath home offering 1,245 sq ft of modern comfort. Set on a 0.17-acre lot in the charming Old Orchard neighborhood, this 1952 ranch features new flooring, stylish bathrooms, and a sleek kitchen with stainless steel appliances. Enjoy central heating and cooling, fresh interior

    Dien and Andrew Group Think Real Estate

    709 Williams Ave, Panama City, FL 32401
  • /24

    $428,935

    • 3 Beds
    • 2 Baths
    • 1,964 Sq Ft

    3615 Courtney Dr, Panama City, FL 32408

    Price Improvement! Welcome to this charming 3-bedroom, 2-bathroom home nestled in a peaceful cul-de-sac off North Lagoon. This home offers the perfect blend of space and comfort, featuring two family rooms and two bonus rooms, one of which could easily serve as an extra bedroom, office, or flex space to suit your needs! Stainless appliances including a range with a built-in air fryer & microwave

    Karin Troutman Bay to 30A Realty

    3615 Courtney Dr, Panama City, FL 32408
  • /20

    $229,000

    • 3 Beds
    • 2 Baths
    • 1,094 Sq Ft

    421 Tanya Pass, Panama City, FL 32404

    3 bedroom 2 bath home with 1 car garage convenient to Tyndall AFB. New roof in 2019. Galley style kitchen with electric double oven, over range microwave side by side fridge with water and ice in door, 3rd drawer and bottom freezer, dishwasher. Granite counters. Cabinets extend into dining area, creating plenty of storage. Nice size living room with French door leading to fenced Back Yard. Back

    april pascarella ERA Neubauer Real Estate Inc

    421 Tanya Pass, Panama City, FL 32404
  • /18

    $145,000

    • 3 Beds
    • 1 Bath
    • 1,004 Sq Ft

    530 E 7th Ct, Panama City, FL 32401

    Opportunity Zone Alert!Looking for a fixer-upper or the perfect spot to build new? This 3-bedroom, 1-bathroom home is full of potential and located in an Opportunity Zone. Home is just minutes from Massalina and Watson Bayou.Key Features:•New A/C unit (2019)•New hot water heater•New electric stove•W/D hookups•Updated electrical

    Iesha Woodfaulk The Premier Property Group Seacrest Office

    530 E 7th Ct, Panama City, FL 32401
  • /57

    $485,000

    • 3 Beds
    • 3 Baths
    • 2,584 Sq Ft

    245 Boca Shores Dr, Panama City, FL 32408

    OPEN HOUSE THIS SUNDAY-JUNE 29th-(1-4 PM-) Imagine owning the perfect sized home in a super location in Grand Lagoon Shores - Even better, it is on the east end of beautiful Panama City Beach not far from several Marinas, St Andrews State Park and many well-known restaurants. Enjoy the Split plan of this one level home with 3 bedrooms, 3 baths, a sun room, an office, a kitchen, a dining room, a

    Holli Persall ERA Neubauer Real Estate Inc

    245 Boca Shores Dr, Panama City, FL 32408

Showing Results 161 - 200, Page 5 of 10

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